i Squared Capital | Technical evaluation of onshore wind portfolio

6

in-construction projects

4 operational sites

 onshore wind portfolio
225MW

Rapid technical evaluation for acquisition of Viridian's 225 MW onshore Irish wind farm portfolio, we undertook site inspections, identified missing documents and provided a summery report for each project,

Having reviewed energy yield estimates undertaken by our US team during the acquisition of a US  developer, the client approached us to provide technical due diligence to support their bid to buy a 225 MW portfolio of operational and consented wind farms in Ireland.

We were asked to review the contents of the data room, identify missing documentation and provide a risk register and revised P50s for four operational and six construction projects by their seven day Phase 1 deadline.

Over the following fortnight, we attended a Vendor management presentation, undertook site inspections and provided a summary report for each project quantifying key risks and identifying
value drivers.

Throughout the process we worked interactively with the client’s in-house  investment team and financial (Credit Suisse), legal (Kirkland Ellis) and energy market (Frontier Economics) advisors to provide accurate financial model inputs in an efficient and timely manner to meet the bid deadline.

Our experienced team was able to reassure the client as to the comprehensiveness of capex and opex budgets and to assess the risk of the construction projects failing to accredit by the ROC and ReFIT deadlines.

To this end when the site visit itinerary was presented by Evercore, the Vendor’s advisor, we requested and were permitted to undertake additional construction site inspections to be able to obtain the necessary assurance.

You might also be interested in

Merkur | Merkur reaches financial close

K2 Management is pleased to see the 396 MW Merkur offshore wind project confirming financial close. We focus on our clients different risks and to strengthen the project. 

Cape Wind | Cape Wind - first planned US offshore wind farm

"As advisors, their work has been thorough, thoughtful, timely and professional. In addition, they have been able to draw on wide range of skill sets within the K2 Management organization to provide insights and advice on how to avoid numerous potential concerns before they are encountered. In summary, I can highly recommend the services of K2 Management".

iKR | K2 Management performs design review of substation

In September and October 2013 we helped our client KEPCO/iKR with a design review of a substation for the upcoming South West offshore wind farm. We are pleased to have received this statement from our client:

WindSpace | Helping Danish developer in Sweden

"We are proud to call K2 Management a partner to WindSpace. As a developer with a lean organization, it is paramount to have close business partners and working relationships realizing wind projects."

200 MW onshore project in Texas | Acquisition due diligence

Rapid acquisition support for 200 MW project in Texas, USA, operational for less than one year. Our analysis helped the client with inspections, analyzing data for turbines and inspection of power curves. 

Asset management on Asian wind farm | Identification of underperformance

K2 Management helped Identifying causes of underperformance - and we had to take a new approach to operational assessment to solve the problem and bring new insights. 

Borssele I & II offshore wind farms | independent energy production estimate

Full independent energy production estimate of Borssele I & II offshore wind farms for submission as part of a Government-led competitive tender process.

Dominion Energy | Offshore wind decommissioning cost study

In 2018, we were commissioned by Dominion Energy Virginia to deliver a decommissioning cost estimate for the proposed Coastal Virginia Offshore Wind Initiative – a 12 MW offshore wind project on the US east coast. 

Independent technology development programme review

Aqua Power Technologies Ltd. (APT) is developing an innovative wave energy converter and contracted K2 Management* to independently review its WEC technology development programme and provide detailed support to the modelling and testing of the APT WEC.

Wave energy converter benchmarking study | Carnegie Wave Energy

K2 Management* was commissioned to conduct a benchmarking study for Carnegie Wave Energy to investigate a range of performance and load metrics suitable for benchmarking with alternative wave energy converter (WEC) types.

Our role on the acquisition of Denmark’s largest onshore wind farm

Utility, AURA Energi’s subsidiary AURA VE, engaged K2 Management to provide due diligence services to support the acquisition of a 50% stake in the biggest onshore wind farm in Denmark.

Our role in calculating LCoE for Energiforsk’s study of Swedish waters

Energiforsk, an energy research institute, engaged K2 Management to deliver a large pre-development study and analysis for the LCoE of offshore wind off the coast of Sweden. The data will work to inform Energiforsk’s comparative study for the development of the most cost-efficient energy resource.

Let us know what's on your mind

 
Got something to say, but not sure who to say it to?

Getting in touch is easy - just fill out this form and we'll put you in touch with the right person.