Risk #
Date
The Risk of/That
Caused by
Resulting In
Consequence/Impact
Likelihood Score
Impact Score
Mitigation
Risk Owner
Open/Closed
1
9/29/2023
Intense competition
16
H
Open
2
9/30/2023
3
4
12
M
Compliance Officer
Close
3
10/1/2023
3
4
12
M
Open
Risk
Score
Priority
(H, M, L)
Existing and emerging competitors in the
wind energy sector
Increased pressure on pricing and
market share
High competition could lead to
reduced profit margins and slower
market penetration.
4 (On a scale of 1-5,
with 5 being highly
likely)
4 (On a scale of 1-5,
with 5 being highly
impactful)
Continuously monitor competitors, invest in
research and development for product
innovation, and explore strategic partnerships.
Chief Marketing
Officer
Regulatory changes
impacting market
dynamics
Evolving government policies and
regulations related to wind energy
Altered market conditions and
compliance challenges
Sudden regulatory shifts could disrupt
business operations and require
significant adjustments
Stay updated on regulatory developments,
engage with industry associations, and adapt
swiftly to compliance requirements.
Aggressive competition
from established players
Leading renewable energy companies
with substantial market presence
Struggle to gain a foothold and
compete effectively
Competing with industry giants may
make it challenging to secure contracts
and market share.
Focus on niche markets or technology segments,
emphasize unique value propositions, and
explore collaboration opportunities
Head Of Business
Development
