Due diligence for stake in world’s biggest wind farm
AXA and Crédit Agricole hired K2 Management as their technical advisor when they bought a 50% share in the world’s biggest wind farm, Hornsea 2, for £3 billion.
PROJECTS
We help clients to deliver better energy projects every day. Here's how we've supported some of our clients on their renewable energy projects.
Contour Global | O&M service setup for Latin American wind portfolio
K2 Management was engaged by investor, Contour Global, based in USA, to deliver support in moving from a basic O&M set up to a full O&M support structure for a wind portfolio in Latin America.
K2 Management appointed by Cordelio Power for Glacier Sands project
K2 Management was appointed by Cordelio Power to deliver project and construction management for the 185MW Glacier Sands onshore wind project in Illinois.
Owner’s Engineer on Octopus Investment’s Onshore Wind Project in Finland
Octopus Investments engaged K2 Management in an Owner’s Engineer role for Project Otso, an onshore wind project located in forested terrain in Finland. The project consists of two wind farms, Saunamaa and Suolakangas, comprised of 17 V150-4.2 MW WTGs.
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.
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.
Lender’s technical advisor on world’s biggest offshore wind farm
Joint venture partners, SSE and Equinor, appointed the K2 Management team as Lender’s Technical Advisor to Dogger Bank Wind Farm A and B – two out of three phases that combine to make the largest offshore wind development in the world.
K2 Management advises on bp's first offshore wind venture
K2 Management delivered acquisition due diligence services in support of bp’s first step into the offshore wind market – a 50% stake in Equinor’s Empire Wind and Beacon Wind assets.
Supporting John Laing with four successful transactions in 12-months
K2 Management supported John Laing in assessing its pipeline of Australian opportunities, delivering technical due diligence on four successful transactions in a 12-month period.
Advising ESB in 50% stake in Neart Na Gaoithe
ESB appointed K2 Management to support them in acquiring a 50% stake in the 448 MW Neart Na Gaoithe offshore wind farm.
Supporting EU wave energy project to important milestone
As a partner in the EU project Horizon 2020 MegaRoller, K2 Management has had a key role in answering some of the questions surrounding wave energy. The project has a team of participants from across the industry with a collective aim of driving forward understanding of wave technology.
LTA and construction monitoring role for Triton Knoll
K2 Management’s assignment with Triton Knoll Offshore Wind Farm began in its early stages, where we delivered a full Lenders’ Technical Advisor role for our client over a two-year period.
Deutsche Bucht | Developing Deutsche Bucht
K2 Management delivered full scope construction management on the €1.4bn Deutsche Bucht offshore wind farm in the German North Sea.
Mainstream Renewable Power | A client focused approach to analysis
Mainstream Renewable Power - “K2 Management provides us with the client-focused approach that we value”
Cubico Sustainable Investments | Adding value through analysis
Cubico Sustainable Investments - “When it comes to operational analysis in the energy market, K2 Management provides a first-class service.”
Acquisition due diligence | ewz
Swiss utility, ewz, commissioned K2 Management to deliver a full acquisition due diligence mandate for its acquisition of 30.1 MW Stigafjellet onshore wind farm in Norway.
Supporting Foresight Group’s first portfolio acquisition in Germany
Foresight Group successfully completed its first wind acquisition in Germany – 50 MW of operational assets acquired from WPD -with technical due diligence and energy yield analysis from K2 Management.
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.
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 & tidal technical due diligence | AW-Energy
AW-Energy appointed K2 Management* to undertake a wide range of activities, including technical due diligence and second-party support in a range of engineering disciplines.
Asset Management for Danish wind farm
Appointed Encavis in early 2018, K2 Management was tasked with a wind turbine inspection as part of a wider technical due diligence review.
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.
Copenhagen Infrastructure Partners | Technical due diligence in Texas
Copenhagen Infrastructure Partners (CIP) appointed K2 Management in 2016 as technical advisor performing technical due diligence on the Fluvanna I onshore wind project in Scurry County, Texas.
Supporting Dam Nai, Vietnam to completion
The first foreign-owned wind farm in Vietnam, Dam Nai, has achieved successful completion, becoming commercially operational in early 2019. The project was developed in two phases using a multi-contracting strategy, split into three main contracts - turbine supply, civils, and substation.
Irish investment firm | Due diligence complete on UK solar portfolio
An Irish investment firm was considering the acquisition of an operational solar portfolio, consisting of 22 ground-mounted solar plants and over 8,000 rooftop mounted solar sites in the UK.
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.
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.
Triodos Bank | energy yield assessment for lender finance
Rapid review and assessment of energy yield for <10 MW onshore wind farm for lender finance to get a better understanding of risks and ensure results quickly.
RATCH Australia Corporation | independent energy yield assessment
Independent energy yield assessment of a 42 MW (AC) solar farm in Australia, on the site of a decommissioned coal-fired power station. K2 Management was appointed to undertake an energy yield assessment of the Collinsville Solar Farm following the successful award of $9.5m AUD to RATCH in the latest round of ARENA grant funding.
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.
Ecotricity | Financial-grade energy yield assessment for single turbine sites
Financial-grade energy yield assessment of multiple single turbine sites, including RSPB, H&H Celcon and QEH. We minimise uncertainties by using quality wind analysis regardless of project size.
BANKS Renewables | Energy yield assessment for two onshore CfD projects
From field to financing - energy yield assessment of two onshore CfD projects: Kype Muir and Middle Muir. Only a handful of onshore wind projects successfully secured contracts under the first CfD allocation round in 2015. We are pleased to have supported Banks Renewables in bringing two of these to financial close, Kype Muir and Middle Muir.
Airvolution | Bankable energy yield assessment
Non-standard bankable energy yield assessment for 8.55 MW Airfield Wind Farm, subject to multiple constraints. We enabled our client to fully understand the potential energy yield of the project and select the best solution.
i Squared Capital | Technical evaluation of onshore wind portfolio
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,
Infinergy | CFD to reduce yield uncertainty
Using CFD to reduce yield uncertainty for 200 MW Dorenell Wind Farm, a Scottish project in very complex terrain.
Xi Engineering | Analysis of wind data
Assessment of the cumulative probabilistic power output of existing wind farms in the Eskdalemuir Seismometer Array exclusion zone.
ESB Wind Development | CFD and noise modelling
Development support and energy yield assessment for 120 MW Grousemount Wind Farm incorporating CFD and noise modelling
Alta Sertao II - Brazilian portfolio | Acquisition due diligence
AES Tietê Energia has acquired the 386 MW Alto Sertão II wind portfolio in Brazil for R$600m ($193m USD), with technical due diligence support from K2 Management and TNEI.
Macquarie | Technical due diligence on acquisition of Green Investment Bank
A consortium led by Australian bank, Macquarie, has agreed to purchase the UK’s Green Investment Bank today in a £2.3bn GBP deal. K2 Management led the technical due diligence on the transaction on behalf of Macquarie after being appointed in 2016.
Bearkat I | Acquisition due diligence in Texas
K2 Management advised on Copenhagen Infrastructure Partners’ (CIP) equity investment in Bearkat I onshore wind farm in the US, which has just reached financial close. The assignment saw K2 Management’s North American team deliver detailed acquisition due diligence and advisory support over a five-month contract.
CGN Irish portfolio acquisition | Acquisition support for Irish onshore portfolio
K2 Management is proud to announce it has supported existing client, investor CGN Europe Energy S.A.S. (CGNEE), with their acquisition of 14 wind projects across Northern Ireland and the Republic of Ireland.
Butendiek | Butendiek equity transaction complete
With a long history of involvement in Butendiek, K2 Management supported ITOCHU Corporation in its 22.5% equity interest investment into the 288 MW wind farm – ITOCHU's first investment in European offshore wind.
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.
VOWTAP | 12 MW US offshore project
Virginia Offshore Wind Technology Advancement Project (VOWTAP) is developing a 12 MW offshore test wind project approximately 27 miles off the coast of Virginia in the United States.
Hohe See | 500 MW German offshore wind project
For our long-term client EnBW, Energie Baden-Württemberg AG, K2 Management supported the German utility with independent technical and commercial advice and review of the main contracts of the upcoming 500 MW EnBW Hohe See offshore wind project.
Envision | Supervising foundation design
K2 Management was commissioned by Chinese-headquartered wind turbine manufacturer Envision Energy to perform a review of geotechnical site conditions, proposed foundation designs, infrastructure and construction QA methodology of a Swedish wind project.
Veja Mate | Supporting development and construction
Construction of the 402 MW German offshore project was completed in less than 14 months and just 23 months after financial close. Commissioning activities on the last turbine were completed end May 2017 – 4 months ahead of agreed schedule and below the budget agreed at financial close.
Statkraft | Stronger together
The Establishment of Quality Management system for Starkraft. The main objective of this project was to establish an applicable instrument to secure a high standard of quality in wind projects.
Gasiri | 30 MW in South Korea
K2 Management was awarded “Best Partner” by our client SK D&D for our work supporting the development of the Gasiri Wind Farm, located on Jeju Island, South Korea.
SK E&C | Supporting offshore in Korea
K2 Management has supported SK E&C in South Korea to perform a measurement campaign for developing an offshore wind farm. The wind farm is not far from the coastline and the site center is about 4 km from the shore.
Formosa | Expanding client work to general consultant
Formosa 1 Offshore Wind Farm (128 MW) will be Taiwan’s first utility-sized offshore wind farm, planned for commissioning by 2018. K2 Management has performed wind modelling and wind data analysis and will now expand its scope of work to include:
John Laing | Projects in Sweden
K2 Management is proud to assist John Laing, a leading international infrastructure investor and asset manager, on an ongoing basis identifying investment opportunities in the wind energy sector.
Keystone Tower Systems | K2 Management Engineering
K2 Management is happy to announce that we have signed yet another contract with our client Keystone Tower Systems. In this agreement, we will work as a subcontractor to Keystone Tower Systems under a US Department of Energy grant that supports the advancement of tall tower technologies.
Sprogoe | Support as Owner's Engineer
With the support of K2 Management, Sund & Bælt succeeded to build the entire project in record time without any Health & Safety incidents and within budget.
Bangui Bay, Phase II | Project Management in the Philippines
With the support of K2 Management as a project management consultant. Vestas succeeded in delivering this important phase 2 of the wind farm on time and within budget.
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."
Luhanka, Latamäki | Securing wind energy in Finland
K2 Management has been an important partner for local developer Ilmatar in terms of closing the contract with wind turbine manufacturer Vestas for the Luhanka, Latamäki site.
WindMW | Providing know-know to Meerwind
WindMW has used K2 Management's services on its offshore wind farms Meerwind Süd and Meerwind Ost since June 2010. A combined project of total 288 MW (80 x 3.6 MW turbines).
Gode Wind II | Offshore Project Management
From 2009 to 2011 K2 Management helped PNE Wind develop the 240 MW offshore Gode Wind II project, located in the German North Sea.
Borkum West II | Project Management for Areva
"We would like highlight K2 Management's straightforward and practical approach, they deliver as promised and do not 'oversell' themselves or their capabilities, It makes such a large project much easier to deal with and easier to implement."
London Array | Cables for world's largest offshore windfarm
For more than two years K2 Management supported London Array Ltd develop the world's largest wind farm, 630 MW London Array outside the coast of UK. We also later worked as Lender’s Engineer for Masdar and Tokyo Mitsubishi Bank prior to their investment in the project.
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:
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".
Ogin | Mapping Italy for new type of turbine from Ogin
Ogin engaged K2 Management in the second half of 2013 to identify suitable Italian site-specific wind conditions for its high efficiency shrouded wind turbine.
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