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History of K2 Management

Find out where it all began...

Year 2007

K2 Management was founded by Lars K Hammershøj and Per K Melgaard in Aarhus, Denmark, with a common goal of delivering independent technical advice to the energy sector. 

November

K2 Management's first project was secured - EPC Management for Vestas on Banguai Bay Phase II in the Philippines. Read more about the project here

Year 2010

A surge of contract wins saw K2 Management expand from its native Denmark to open offices in Hamburg, Germany; Boston, USA and Chelmsford (now Glasgow and Bristol), UK.  

Year 2011

K2 Management secured its first US offshore mandate as Owner's Engineer and Project Development Advisor for Cape Wind.  This was the first foray into offshore wind for the US market - a fantastically interesting project to work on.

Year 2013

In response to demand from new markets, K2 Management expanded into Sao Paulo, Brazil; Taipei, Taiwan; Seoul, South Korea and Johannesburg, South Africa, bring the total number of offices to eight in just six years of operating.

First big owner's engineer role offshore

The first big offshore owner's engineer mandate was secured in 2013, after Highland Group awarded K2 Management the role on its Deutsche Bucht project in the German North Sea. 

Year 2015

Financial close on Veja Mate in the German North Sea - appointed in 2009 as lender's engineer, we went on to complete the full owner's engineer scope until the project became operational in 2017.

New Asian hub opened in Bangkok

Following market growth, incentives and sustainable energy policies being developed in many parts of Asia, K2 Management opened an Asian hub in Bangkok, Thailand to pursue and support the development of renewables in these countries.

Year 2016

In 2016, we expanded into Cork, Ireland to support the UK team now located in Glasgow, Scotland and to deliver support to projects across Ireland.  

Year 2017

K2 Management acquired global yield analysis consultancy, Prevailing.  Founded in 2009, the company has been involved in over 1,200 projects in over 30 countries.

Big project and contract successes in 2017

After working on the project for two years, Deutsche Bucht reached financial close in summer 2017, followed closely by the award of a new contract.  K2 Management was awarded a lump sum service agreement for full scope construction management services on the €1.2bn project.

Year 2018

After 10 years as wind specialists, K2 Management is expanding its technical and project management services to support solar PV projects, diversifying due to client requirements and market demand. 

Clients and projects

Find out how our experiences shape our clients' projects

  • Onshore
  • Development

ESB Wind Development | CFD and noise modelling

Development support and energy yield assessment for 120 MW Grousemount Wind Farm incorporating CFD and noise modelling

Development support and energy yield assessment for 120 MW Grousemount Wind Farm incorporating CFD and noise modelling

We have built up long-standing relationships with wind farm developers, operators and investors globally, working both to supplement their internal technical capability – providing analysis, advice and support as their projects progress – and also in an independent capacity for project financing.

Working with ESB Wind Development since 2009, we have provided a range of services on over 500 MW of in-development and operational projects in Ireland and the UK. The proposed 38-turbine Grousemount project in Ireland is significant because of its size, location, mountainous terrain and a number of complex constraints.

We have provided ongoing support throughout the development process – from layout design and monitoring advice, to noise  modelling and financial-grade energy yield assessment. The project is situated in mountainous terrain east of Kenmare in Co. Kerry. Due to restrictions regarding visual impact, many of the turbines are situated at lower elevations than the surrounding terrain, and consequently wind flow conditions across the site are challenging.

We undertook CFD modelling at an early stage to fully investigate wind flow conditions across the
site. Areas of onerous wind flow (high turbulence for example) were identified and this information
was used to micro-site turbine locations and hence maximise energy yield.

We presented CFD results to the client’s technical team with an interactive fly-through to ensure our findings were fully integrated into their layout design process. The same CFD results were later used to improve predictions of wind speed and turbine performance across the site.

Further support to the development team was provided through optimisation of noise constraint schemes for the project. Our in-house developed software selects optimal turbine operational modes, so that noise limits are met with minimal loss of energy.

  • Offshore
  • Due Diligence

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...

Photo Credit: Butendiek

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.

K2 Management provided technical and wind due diligence on the transaction, focusing on performance and technology, project life and long-term OpEx and O&M strategy.   

ITOCHU Corporation, commented: “This project represents ITOCHU Corporation’s first European offshore wind investment and K2 Management’s technical advice, financial insight and operational performance expertise was invaluable to us in this acquisition.”

Simon Luby, Head of Global Due Diligence at K2 Management, said: “Working with ITOCHU Corporation on this transaction was a pleasure and our close working relationship is one of the key drivers of success for all the work we deliver for ITOCHU. 

“Our core team consisted of experts with real hands-on offshore wind experience covering development, construction and operation of such projects – that experience enables us to deliver much more focused, value-adding supporting within the often short timescales of these transactions. It was great to work on this project again, as I led the lender’s technical advisor assignment for Butendiek when it secured debt finance prior to its construction.”

  • Offshore
  • Owner's engineer
  • Construction
  • Construction and installation

Veja Mate | Supporting development and construction

"K2 Management offshore wind and project experience has been instrumental for the continued development and potential success of both projects....

Photo Credit: Veja Mate Offshore Wind GmbH

"K2 Management offshore wind and project experience has been instrumental for the continued development and potential success of both projects. As advisors, K2 Management has professionally managed the technical and engineering aspects of our offshore projects."

Financial close reached in short time

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.

During the construction period K2 Management supported Copenhagen Offshore Partners (COP) and the Veja Mate Offshore Project with dedicated consultancy services.

The project was acquired in September 2014 by investment firm Highland Group Holdings Ltd, but at financial close in June 2015 sold to a consortium including Highland, Copenhagen Infrastructure II, a fund managed by Copenhagen Infrastructure Partners, and Siemens Financial Services.

K2 Management has been supporting as owner’s engineer, technical advisor and as part of the project management team – including the role as Project Director – bringing Veja Mate to financial close in a very short time.

Services provided:

  • Wind energy and turbulence assessment
  • Scheduling
  • FEED study
  • Risk management
  • Interface management
  • Project structure development
  • Project organization development
  • Invitation to tender (ITT) structure development
  • ITT Management including employer’s requirements and annexes
  • Tender process management, including bid evaluation and contract negotiations
  • Foundation and substation design process management
  • Cost books management for all specified packages supporting financial advisor
  • Technical advisor on nacelle LiDAR based power curve measurements.

 

  • Offshore
  • Owner's engineer
  • Project management
  • Construction
  • Construction and installation

Deutsche Bucht | Developing Deutsche Bucht

K2 Management is delivering full scope construction management on the €1.2bn Deutsche Bucht offshore wind farm in the German North Sea. 

Photo Credit: Veja Mate Offshore Wind GmbH

K2 Management is delivering full scope construction management on the €1.2bn Deutsche Bucht offshore wind farm in the German North Sea. 

Commissioning in 2019

After supporting Highland Group Holding as owner’s engineer and technical advisor since 2013. K2 Management was awarded a lump sum service agreement by Northland Power after it acquired the project in 2017.  

The assignment's scope will see K2 Management deliver full construction management services, from the pre-construction phase through to the Commercial Operation Date, planned for 2019. 

This two-year scope for Northland Power will include: 

  • HSE and quality management 
  • Technical management of project agreements
  • Construction monitoring 
  • Management of integration, time and cost, contracts and risk 
  • Providing procurement and technical advice for the duration of the project.

 

Morten Melin, Executive Vice President, Construction at Northland Power commented:

“DeBu is a large offshore project; having a full-scope construction management provider will help to ensure its success. Northland Power has selected K2 Management for this role as a result of their extensive track-record, and their significant contribution to bringing the project to financial close.”

 

Our services for Highland Group Holding from 2013-17 included:

  • Wind energy and turbulence assessment
  • Scheduling
  • FEED study
  • Risk management
  • Interface management
  • Project structure development
  • Project organization development
  • Invitation to tender (ITT) structure development
  • ITT Management including employer’s requirements and annexes
  • Tender process management, including bid evaluation and contract negotiations
  • Foundation and substation design process management
  • Document management
  • Cost books management for all specified packages supporting financial advisor
  • Technical advisor on nacelle LiDAR based power curve measurements.