In this first episode of Ashurst’s Caught in the Crosswinds podcast series, disputes partner Michael Weatherley is joined by Siemens Gamesa’s Head of Legal for Offshore APAC, Igor Bylinin, and Ashurst energy partner Peter Grayson to unpack why capacity reservation agreements and early works agreements now sit at the heart of major offshore wind projects.

They explore how developers and suppliers can secure scarce manufacturing slots, and progress critical path work years before a full turbine supply agreement is signed, while still preserving the flexibility needed for long, uncertain development cycles.

The discussion ranges across what “capacity reservation” should really mean in practice, how to balance exclusivity with rescheduling rights, and how good drafting can anticipate regulatory volatility, tariffs and shifting political winds without reopening the entire deal. The discussion also touches on the need for more balanced risk allocation across the value chain, the role of governments and subsidy regimes such as CFDs, and why collaboration between developers, suppliers and policymakers is key to avoiding disputes before they arise.

To follow the series and access the first article in the Caught in the Crosswinds series, visit https://www.ashurst.com/en/insights/caught-in-the-crosswinds-part-1/. To listen to future Caught in the Crosswinds episodes, search for “Ashurst Legal Outlook” and subscribe on Apple Podcasts, Spotify, or your favourite podcast player.

The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Listeners should take legal advice before applying it to specific issues or transactions.