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As a proven and reliable source of renewable energy, offshore wind is gaining momentum via government backing across the globe and increased technological investment. The expansion of offshore wind farms continues to grow at pace, with total worldwide capacity set to stand at 630 GW by 2050. However, as some offshore wind..

Offshore wind projects, irrespective of their scale and location, are inherently intricate. They involve a multitude of technical, financial, planning, and construction considerations, each with unique complexities that necessitate thorough scrutiny from financing parties. This scrutiny typically involves extensive due..

In the race to net zero, the renewables sector has come under the spotlight. As an exciting and innovative industry that is undergoing monumental change at speed, it promises exciting career opportunities for those wanting to pursue them. It has been predicted that between now and 2030, the global renewables industry will..

As an international consultancy in an increasingly interconnected world, we understand the need for cultural awareness and interconnected teams. Our teams are dispersed globally, bringing a broader perspective and experience to work. Naturally, this brings an exciting wave of new learnings and experiences too. In this blog,..

With a mission to shape the future wind and renewable energy sector, we’re today pleased to announce that K2 Management has been shortlisted for three awards at the Wind Investment Awards 2024. The 5th annual awards span 15 categories, and we’re proud that Daniel Faith, Senior Consultant in Due Diligence, is nominated in the..

At K2 Management, we’re on a mission to shape the next generation of renewable energy leaders. With that in mind, we’re happy to announce that two of our colleagues have been shortlisted at the Young Professionals Green Energy Awards - Jon Richardson in the ‘Analyst’ category and Romane Moulin in the ‘Innovator’ category!..

At K2 Management, we're committed to supporting the next generation of leaders in the renewable energy sector. Our graduates are highly valued and have the opportunity to take significant levels of responsibility on real-life projects. We recently asked our new graduates within the Analysis Services team to share their..

Despite progress in recent years and new initiatives to encourage women to pursue careers in STEM, only 32% of renewable energy workers in the global industry are women. There is still a big gap to close here, but at K2 Management, we understand the need to empower women and drive equal opportunities. We have a greater number..

With SE Asia looking to boost its renewable energy in 2024, attention will need to turn to the potential of hybrid projects in maximising production. Hybrid projects are set to play a pivotal role in Southeast Asia’s renewable energy market in 2024, as both governments and businesses recognise the potential of combining..

K2 Management (K2M), a leading energy transition project management and engineering consultancy, has been selected as the Owner’s Engineer for the MyeongRyang Offshore Wind project, a venture led by Pacifico Energy Korea (PEK), subsidiary of American renewable energy developer Pacifico Energy. The MyeongRyang Offshore Wind..

The offshore and onshore energy sector in Taiwan has experienced unprecedented growth, with a range of globally leading projects carving out the next generation of renewable energy development. With ambitious plans to ensure 20% of the country’s energy needs are fulfilled by renewable sources by 2025, rapid development is..

With various teams located all around the world, we’re taking a deep dive behind the scenes to explore the roles of our talented colleagues that make K2 Management what it is. Each of our departments play a unique role in our clients’ renewable energy journeys, and our team members across a range of specialisms each bring..

The work undertaken by K2 Management is incredibly diverse, with experts from a range of backgrounds joining our expert teams to pioneer industry-leading work in their respective fields. People are at the heart of what we do - our colleagues, our clients, wider stakeholders and beyond - with our colleagues coming together..

In a new Offshore Energy Yield Predictions report for 2023, K2 Management (K2M) highlights the need for cross-regional validation in the wake of industry turbulence. In the midst of an offshore wind development landscape marked by both rapid growth and a rising sense of uncertainty about supply chains and material costs, K2..

As the year draws to a close, we pause to reflect on the incredible journey we've had at K2 Management. It's been a year of growth, and collaboration, and we want to share our thanks for a fantastic year. To all of our clients, colleagues, partners and friends, we would like to wish you a Happy Holidays. As we step into the..

As the renewable energy sector continues to grow at considerable pace, so do the teams supporting this innovative work across the globe. The very same applies to K2 Management. Since 2007, our team has grown considerably from 2 to 165. With a focus on supporting our colleagues' professional interests via the provision of..

As the renewable energy landscape evolves, key innovators within our industry are directing pioneering teams in the wind and solar analysis space. One of those individuals is Andy Hay, a Principal Specialist and Manager of K2 Management’s Analysis Services team – a team that has successfully worked on 150 renewable energy..

K2 Management (K2M), a leading energy transition project management and engineering consultancy, has announced that it has supported the project sponsors and lenders as the Lenders' Technical Advisor (LTA) on the Baltic Power offshore wind farm. The Project is jointly owned by ORLEN, one of Poland’s leading energy companies..

K2 Management is dedicated to shaping a sustainable future. However, the progress we have made to date would not be possible without the support of our greatest asset - our people. October 10th marks World Mental Health Day which is a moment for us all to reflect on the importance of taking care of our mental wellbeing. This..

K2 Management (K2M), a leading global renewable energy project management consultancy, announces its critical role in supporting the credit agreement signing of the Hai Long offshore wind farm in Taiwan. The project is sponsored by Mitsui & Co., Ltd., and Northland Power Inc., and is located approximately 45-70 km off the..

The Portuguese offshore wind market is progressing well, and a number of key developments as of late are helping to drive forward the country’s commitment to harnessing its coastal winds for clean energy production. With a goal to reach a capacity of 10GW by 2030, the government plans to auction significant offshore wind..

As initiatives ramp up to drive forward clean energy generation, the Asia-Pacific (APAC) market has emerged as a hotspot for offshore wind energy development. With an abundance of vast coastlines, wind resources and growing energy needs, exciting developments in the region could see APAC become one of the leading offshore..

As the United States’ energy transition rides the high of the Inflation Reduction Act, the Vineyard Wind 1 project, set to be the first gigawatt-scale offshore wind farm, marks the beginning of a new era for renewable energy in the country. With a 15-GW pipeline of numerous other projects in pre-construction and procurement..

Positive diversity, equity and inclusion activities are making a significant impact within the renewable energy sector and we at K2 Management are proud to be leading the way. As a result, we are honoured to announce that K2 Management has been shortlisted for the 'Equality and Inclusivity Award' at the 2023 Global Offshore..

Eight years ago marked the inception of K2 Management’s unwavering commitment to shaping Japan’s offshore wind landscape. Our voyage, which started during the nascent stages of offshore wind development in Japan, has since evolved into a steadfast partnership that reflects our dedication, expertise, and determination. In..

Stepping beyond the world of academia into a professional setting is daunting for any new graduate. However, the renewable energy sector offers a vast array of exciting, fast-paced opportunities for those willing to get stuck in and learn something new every day. K2 Management’s Graduate Experience has welcomed nearly 20..

K2 Management (K2M), a leading global renewable energy project management consultancy, has been appointed by German bank and renewables investor NORD/LB to act as Lenders Technical Adviser (LTA) for the Pajuperänkangas wind farm in Finland. Located approximately 10km southwest of the municipality of Haapajärvi in the Northern..

Lars Andersen, President - Americas at K2 Management, shares his thoughts on the US offshore wind industry as the first commercial scale project begins construction. Foundation installation of what is set to be the first utility-scale offshore wind farm in North America recently began at Vineyard Wind 1 off the East Coast...

In our interconnected world, there is a growing need for greater cultural awareness. As a global consultancy, the significance of cultural understanding was recently given the spotlight at an employee workshop led by K2 Management’s President of APAC, Patrick Architta. Patrick’s career has seen him live in several countries..

Renewable energy sources play a pivotal role in the pursuit of a greener future. The European Commission's REPowerEU plan has set ambitious targets for increasing renewable energy capacity across the continent, and naturally, expectations are high. As we have seen, the renewables sector is experiencing unprecedented growth..

Offshore wind farms are complex feats of engineering, with hundreds of turbines harnessing the power of the wind. But that doesn’t mean that developing an offshore wind project needs to be overly complex. If you don’t know your MSP from your O&M or if you always get your AEP mixed up with your EYA then our simple ABC guide..

May 2023 saw Ireland enter the global wind energy market, having delivered its first ever offshore wind auction - ORESS 1 (Offshore Renewable Electricity Support Scheme). A remarkable milestone for the country’s future in renewable energy, the auction awarded 3.1 GW of capacity across four projects, namely Codling Wind Park,..

The floating wind sector is in its infancy, though it is developing at a rapid pace. To date, only a few projects have been fully implemented, and the use of reinforced concrete for floating foundations is still relatively new. Although the offshore wind industry has historically been dominated by the use of steel..

We’re seeing a rapid expansion of the global renewable energy sector, though Denmark has a long history of developing and using renewable methods to secure future energy needs. As it stands, the country derives 67% of its electricity supplies from renewable sources, with wind energy providing just over 46% of that. The..

K2 Management is proud to announce it is the recipient of the highly commended award in the ‘Technical Advisory of the Year’ category at the 2023 Wind Investment Awards - one of the industry’s leading events that recognise excellence in the renewable energy industry. Announced at a glittering ceremony in Central London on..

K2 Management has opened a registered local company in Taiwan, strengthening its commitment to the region's rapidly growing renewables market. Having held a regional office in Taiwan for over 10 years, this additional investment and further expansion into the Taiwanese wind energy market will enable K2M to increase its..

Mental and emotional health is an important topic for us all, so Mental Health Awareness Month is significant for this very reason. It is important that we take the time to reflect and challenge our views on mental health, recognise how we can support others, and come together to discuss how further positive change can be..

Europe is facing an energy crisis. To anyone who has so much as glanced at the news in the past year, that much is clear. We know that we need to secure energy independence to remain steadfast on various volatile fronts — geopolitical, technological, and financial — all while sticking to ambitious carbon targets for the good..

As we celebrate Earth Day 2023, we’re taking the time to reflect on this year’s theme - ‘Invest In Our Planet’. Despite the fantastic environmental and sustainability initiatives underway across the globe, there is still much to be done in terms of investment and development to ensure an environmentally-conscious future for..

The renewables sector is an accelerating, high-growth industry. Over the last few years, there is no doubt that considerable investment has been made in the sector. In 2022 alone, a record $495 billion was invested into renewables - 17% up on the level of investment witnessed only a year prior in 2021. With this comes great..

K2 Management (K2M) has been appointed by MunmuBaram Co., Ltd, a joint venture of Shell and Hexicon AB, as Lender’s Technical Advisor for the MunmuBaram floating offshore wind project. The MunmuBaram JV aims to develop, construct, and operate a 1.3GW floating offshore wind farm, located in Southeast Korea between 65 and 80 km..

Wind turbine generator (WTG) foundation design involves a seemingly endless list of interfaces. Designers, certifiers, fabricators, transport and installation (T&I) contractors, cable suppliers – all of whom will have an influence on the final design in one way or another. As a result, offshore wind developers must ensure..

In a four-year deal spanning 2.6GW, K2 Management (K2M) will assume responsibility of Owner’s Quality Assurance Representative for Dominion Energy. K2M is to provide Quality Oversight and other services for all major components during manufacturing and delivery to Portsmouth Marine Terminal in Virginia. K2 Management, a..

Investors and developers need to know if wind farms are producing enough power to hit their budgets. K2 Management uses machine learning to quantify energy losses with 35% more accuracy than industry-standard methods. Comparing our machine learning power predictions to real measurements helps us to improve our models and..

K2 Management is pleased to announce that our team has been shortlisted for the ‘Technical Advisory of the Year’ award at the 2023 Wind Investment Awards. Celebrating best practice in the global wind sector, the Wind Investment Awards recognise excellence not only in the wind industry but the broader renewable energy..

In the race to net zero, the renewables sector has come under the spotlight. As an exciting and innovative industry that is undergoing monumental change at speed, it promises exciting career opportunities for those wanting to pursue them. It has been predicted that between now and 2030, the global renewables industry will..

Positive change is underway in the renewables industry to ensure greater diversity and equality. However, just like every industry, there is always more that can be done to ensure equity across the board. A traditionally male dominated industry much like other STEM sectors, the renewable energy industry does have a prime..

K2 Management recently completed a front-end engineering design (FEED) exercise covering monopiles and jackets for a key project in South Korea. We encountered relatively challenging soil conditions, yet we were able to overcome them thanks to the work we’d done to strengthen our offshore foundation design process. The aim of..

This year will be a record year for site leasings and grid allocations for offshore wind projects across continental Europe. Results of the 2022 Auction in Poland will soon unveil the distribution of 11 leasing areas with a potential for more than 5GW of capacity, and upcoming auctions in both Portugal and Norway are to..

K2M takes new service offering to market in recognition of significant opportunity for hybridised renewables in realising European Commission’s REPowerEU plan. Hybrid projects have potential to de-risk supply chain constraints, optimise clean energy supplies and provide new revenue for renewable investors. We will begin..

Since our inception in 2007, our people have always been at the very heart of K2 Management. Our collaborative working culture sees our global teams work together on a frequent basis across a number of projects. Of course, the pandemic posed various difficult challenges for in-person work - as it did to all businesses. After..

Sorcha joins leading renewable energy engineering and project management consultancy firm bringing 20 years of experience in renewable energy and offshore wind. Sorcha joins K2M from global services firm RPS Group, bringing with her 20 years’ experience in the renewable energy industry and having occupied a number of senior..

K2 Management was selected by AXA IM Alts – acting on behalf of clients - and Crédit Agricole Assurances to provide technical due diligence and advisory services on the financial institutions’ acquisition of 50% of the Hornsea 2 offshore wind project. Becoming fully operational on 31st August 2022, Hornsea 2 is now the..

K2 Management has been selected by BlueFloat Energy in the development of their first offshore floating wind project in Taiwan ahead of upcoming round three market auction. With a planned capacity of 1 GW, the wind farm, named ‘Winds of September’ honouring the strong winds blowing in the Hsinchu region every September, is..

There’s a real draw to hiring graduate talent right now. According to recent research, nearly half of employers in the UK plan to increase their number of graduate hires in the next year. Yet that’s easier said than done - a huge battle for entry-level talent is underway, with graduates all wanting to secure top placements at..

Fernández joins leading renewable energy engineering and project management consultancy firm bringing 20 years of experience in renewable energy and offshore wind K2 Management (K2M), a leading renewable energy consultancy, announced the appointment of María Cristina Fernández Torres as its new Country Director, MD (Germany)..

K2 Management has been appointed as technical advisor on the Goto Floating Wind Farm (Goto) – the first commercial scale floating offshore wind farm in Japan. Set to be built off the shore of Goto City, Nagasaki Prefecture, the 16.8MW Goto Floating Wind Farm is being developed by a consortium led by Toda Corporation which..

K2 Management has been selected by Inch Cape Offshore Limited to operate as lender’s technical advisor on its wind farm located off the Angus coast in Scotland. Recently awarded a Contract for Difference (CfD) under the UK Round 4 Allocation, ICOL is a joint venture between Red Rock Power Limited and Irish energy company ESB...

The offshore wind industry in the UK and around the world is undergoing immense growth. According to a report by Research and Market, the global market is expected to grow 12.3% between 2021 and 2026, with revenue increasing from $31.8 billion to $56.8 billion. With Ireland, Germany, France, Spain, South Korea, Japan and..

The biggest ever round of the UK government’s flagship renewables auction scheme was finalised last week with offshore wind emerging as one of the sector’s biggest winners. Fundamentally, these auctions represent another positive step in the longer-term realisation of the UK's offshore wind capacity. It will, however, be..

The European wind industry needs to slow down in its attempts to further drive down the levelized cost of energy (LCOE) and scale back on building bigger turbines. This, at least, is the view of K2 Management, a leading renewable energy engineering and project management consultancy, which believes that unless the inexorable..

Asia Pacific’s renewable energy potential is huge. The region is home to some of the fastest growing economies in the world and a rapidly expanding population. Unsurprisingly, the United Nations recently cited that the demand for energy is growing faster in this corner of the world than anywhere else. With an abundance of..

Renewable energy demand is increasing, most recently driven by a determination to reduce reliance on Russian oil and gas with a longer-term goal to achieve hugely ambitious net-zero targets set by governments all over the world. Ambitious pledges are being announced frequently – most recently the combined promise from..

According to a report for the European Union carried out in 2019 there is a total of 93GW of offshore wind potential in the Baltic States. These markets – Estonia, Latvia and Lithuania – are putting their collective foot on the accelerator to prepare for the big task ahead. But what potential do the Baltic States have for..

During the development, financing and construction of an offshore wind farm, the focus of most developers and suppliers is firmly on how to build the best energy project possible. But that means operational plans can taking a back seat until much later. Building a wind farm is not just for fun; we build projects to operate..

K2 Management will consult on the development of a pipeline of offshore wind projects in the Baltic Sea, after signing a framework agreement with Sunly, the independent power producer in the Baltic States and Poland. The team will undertake pre-development studies and research for Sunly’s offshore wind projects and will..

Renewables specialists join forces to provide independent power producers with digitalised operations and maintenance support as O&M costs balloon for mature projects. K2 Management has collaborated with Emerson’s business Mita-Teknik, a leader in the control automation business for wind power generation, to launch ‘P50..

The women of K2 Management are breaking the bias every day, bringing their expertise to a technical industry that’s generally male dominated. To celebrate International Women's Day 2022, meet some of our talented and inspiring colleagues who work hard to #breakthebias in renewable energy, and find out what matters to them..

We might one day reflect on early 2022 and the significance it had in advancing the role wind plays in the UK’s energy mix. But after the announcement that offshore wind will, for the first time in the UK, contribute to network stabilisation, what does this mean for the future? The year kicked off with the mammoth Scotwind..

K2 Management (K2M) has been appointed as Independent Engineer to two Liberty Wind projects in Pakistan. This follows the successful Owner’s Engineer role it played for Artistic Wind Energy, which recently saw its project, also in Jhimpir, successfully complete all reliability tests and connect to the grid. K2M’s work on..

As the world edges toward a recovery from the COVID-19 pandemic, its demand for energy remains unabated. The IEA projected that in 2022, there will be a 4% increase in global electricity demand. With gas prices at an all-time high and net-zero targets set to drive down a reliance on fossil-fuels generally, it is more..

The RenewableUK Global Offshore Wind (GOW) event in London, organised by RenewableUK, heralded the return of in-person events for the industry, and for the first time in over 18 months, the halls were buzzing with customers, colleagues and suppliers ready to do face-to-face business again. Alok Sharma, president of COP26, was..

K2 Management has announced that it has completed its pre-financial close due diligence work as lender’s technical advisor (LTA) for the third phase of the Dogger Bank Wind Farm – and been appointed to a four-year construction monitoring role. The wind farm is being developed in three 1.2GW phases: Dogger Bank A, B and C...

As 2021 comes to a close, from all of us at K2 Management we want to share our thanks for a fantastic year. Despite the challenges that the pandemic continued to present, we have made it through another year with some great successes to speak of. To all of our clients, colleagues, partners and friends, we'd like to send..

The offshore wind industry in the UK and around the world is undergoing immense growth. According to a report by Research and Market, the global market is expected to grow 12.3% between 2021 and 2026, with revenue increasing from $31.8 billion to $56.8 billion. With Ireland, Germany, France, Spain, South Korea, Japan and..

Since the process began in June 2020, to the application closing date in July this year, ScotWind Leasing (ScotWind) has been an auction that the entire wind industry has kept a keen eye on. With 75 different applications emerging, there are many big players with their sights set on the Scottish offshore wind market. The..

While UK Government will make much of its own renewable energy targets during COP26, these ambitions are under threat unless the clean energy market is re-geared for greater private investment UK targets for 100% clean energy by 2035 – announced at the Conservative party conference on 4th October – will struggle to be..

K2 Management today announces that its Board of Directors has appointed Carsten Nielsen as its new CEO. The renewables and maritime industry leader will join from Semco Maritime in November, bringing with him 20 years of experience in offshore wind development and experience across a range of project-based industries. Across..

K2 Management worked as owner’s engineer on the final phase of a vast renewable energy project in Vietnam, which has incorporated the development of the country’s largest salt production facility, powered by wind and solar. Commercial operation has begun at the 22-turbine wind farm in Ninh Thuan, a joint venture between AC..

Without a global set of health safety, environment, and quality regulations specific to renewable energy projects, standards can fluctuate depending on where in the world a project is. Some projects will comply with best-practice regulations and others will follow local standards and guidance, so this can lead to inconsistent..

One of Vietnam’s largest owner’s engineer agreements will cover the Kông Yang (175MW) and Cư An (175MW) projects K2 Management (K2M) has been appointed as owner’s engineer for two of TSV Investment’s onshore wind projects in Vietnam that will receive support from the United States Agency for International Development (USAID)...

With the growing scale of wind farms, both onshore and offshore, there has been increased focus on wake, or turbine interaction, effects in recent years. Due to the size and multi-array nature of offshore wind farms, turbine interaction effects are typically one of the dominant impacts on the energy yield of these projects...

With each evolution of turbine technology, the trend is clear. Bigger turbine with bigger blades, bigger capacity and ultimately a bigger commercial benefit. However, there may come a point when going bigger isn’t commercially or economically viable and although it’s unclear when this might happen, it inspires some..

Turbine and substructure R&D disconnect must be overcome via increase in partnerships or manufacturer acquisition, or supply chain confidence will remain low. For floating wind technology to meaningfully contribute to the renewable energy mix in next decade there must be a significant standardization effort around..

Conservative turbine design lifetime limits are a costly distraction from the potential of offshore projects to continue to help meet decarbonisation targets Limitations on wind turbine design lifetimes are hampering efforts to manage costs in asset lifecycles, reducing the effectiveness of long-term decision making and..

K2 Management (K2M) has been selected for design and owner’s engineer services at Taean Wind Power’s 504MW offshore wind farm in South Korea. With substantial climatological and topographical constraints limiting options for the development of onshore wind and solar in South Korea, offshore wind presents a clear route for the..

Floating foundations offer offshore wind an opportunity to move into deeper waters, and higher wind speeds, significantly upping potential generation capacity for offshore wind. Uncertainty is to be expected, but how can it be minimised to ensure well developed, profitable projects? To fulfil the potential that floating wind..

On International Women’s Day we are reminded of the fundamental truth that diverse teams are stronger teams. We are lucky to have many outstanding women at K2 Management and so to celebrate #IWD2021 we wanted to highlight some of our inspiring colleagues leading the way as women in the renewables industry. We found out from..

On International Women’s Day we are reminded of the fundamental truth that diverse teams are stronger teams. We are lucky to have many outstanding women at K2 Management and so to celebrate #IWD2021 we wanted to highlight some of our inspiring colleagues leading the way as women in the renewables industry. We found out from..

On International Women’s Day we are reminded of the fundamental truth that diverse teams are stronger teams. We are lucky to have many outstanding women at K2 Management and so to celebrate #IWD2021 we wanted to highlight some of our inspiring colleagues leading the way as women in the renewables industry. We found out from..

On International Women’s Day we are reminded of the fundamental truth that diverse teams are stronger teams. We are lucky to have many outstanding women at K2 Management and so to celebrate #IWD2021 we wanted to highlight some of our inspiring colleagues leading the way as women in the renewables industry. We found out from..

K2 Management has been appointed owner’s engineer on what will be the largest project off the coast of Maryland in the United States – Maryland Offshore Wind Project – on behalf of developer, US Wind. The scope on the circa. 270MW project will see K2 Management supporting US Wind with project management during the development..

The unexpected pricing coming from the latest UK offshore leasing round signals some challenges for both the lease winners and for those that missed out. But there are also wider impacts that will be felt across the domestic and global marketplaces. Already last week, the Crown Estate Scotland announced that it will delay the..

K2 Management has secured two mandates to deliver technical expertise for onshore wind projects in Pakistan. Developer, Artistic Milliners, has appointed K2 Management as owner’s engineer, to deliver full technical advisory throughout the construction phase of the 50MW Artistic Wind Power Project in Jhimpir, Pakistan. The..

K2 Management has been awarded the four-year construction monitoring contract on the first two phases of the world’s largest offshore wind farm development, Dogger Bank Wind Farm, which reached financial close in November. The appointment comes on the back of a successful two-year Lender’s Technical Advisor role which saw K2..

A huge expansion in European offshore wind is on the horizon, according to WindEurope and the European Commissioni. This is represented by a 25-fold increase in capacity in the next 30 years which is impressive, but the short-term plans are even more staggering. A five-fold increase in the next 10 years is a significant..

K2 Management has been appointed as Lender's Technical, Environmental and Social Advisor on Taiwan's Hai Long offshore wind farm. A consortium of Northland Power, Mitsui & Co. Ltd., and Yushan Energy has appointed K2 Management as Lender's Technical, Environmental and Social Advisor on Taiwan's Hai Long offshore wind farm...

Poland is still very much at the early stages of its energy transition, in a drive to move away from fossil fuels and build a more sustainable energy network. Despite a slow start compared to some European counterparts, Poland’s renewable energy market has been hotting up over the last two years and is now an attractive..

K2 Management has signed a 10-year contract to deliver technical expertise on what will be the largest onshore wind project in Vietnam on behalf of Philippine bank, Rizal Commercial Banking Corporation (RCBC), together with RCBC Capital Corporation. RCBC appointed K2 Management as Lender’s Technical Advisor for the circa. 210..

K2 Management has been appointed to deliver consultancy services on two wind projects in Vietnam – one nearshore and one onshore wind project. Developer Xuan Cau and an international investor engaged K2 Management as Owner’s Engineer for a 60 MW onshore wind farm in the Binh Dinh province of Vietnam. The scope of work will..

Despite the benefits that co-location of wind and solar generation on a single site brings – from managing the peaks and troughs of generation to optimizing ROI, hybridisation strategies are still only in place on a small proportion of global clean energy sites. So what are the barriers to greater proliferation of co-located..

The UK and Irish onshore wind markets are beginning to return to a somewhat buoyant level of activity and although things have changed a lot since the days of the RoC and REFiT incentives, K2 Management is seeing stronger onshore activity every month. Developers are increasingly looking at new greenfield sites and, as the..

The last few weeks have brought a significant amount of disruption to countries around the world as governments battle to contain the coronavirus outbreak. The impacts of the lockdown have caused concerns for many within the wind industry but there are also reasons for optimism as we consider the impacts of COVID-19 on the..

The traditional lifespan of 25 years for solar PV technology is becoming a thing of the past, now making way for 30 to 35-year projections. But what impacts might you face by shifting the expected lifetime of your solar PV plant to 35 years? Here’s some insight from some of our solar experts: What is the expected lifespan of..

So far, we have looked at the double-edged sword that is technical advancements; assembling the right team at the right time; and how understanding risks can help to turn them into opportunities. Next up, and concluding this series, we take a look at supply chain, planning and contingency in emerging markets. Hope for the..

Getting construction right in emerging markets throws up many challenges, but also opens up a myriad of opportunities. Adding to the discussion from our previous two posts about the double-edged sword that is technical advancements and assembling the right team at the right time, it’s important to look at the risks involved..

Onshore wind presents specific opportunities but also challenges for developers in emerging markets, and in this blog series, we are looking at what steps can be taken to overcome these hurdles to ensure the successful construction and completion of onshore projects. Part 2: Assemble the team early Appointing advisors is an..

Advancement in renewable energy generation is important for all emerging markets. For some, it brings electrification where there was previously an energy supply issue and for others, it enables them to enter into an energy transition that will lead them closer to climate and carbon-reduction goals. No matter the reason,..

As a global business, we are taking COVID-19 seriously. However, we want to let our clients, contacts and stakeholders know that we are still open for business. We are taking all necessary precautions to protect our employees and our clients during this time and according to local government guidance. We do not expect this to..

K2 Management has secured three owner’s engineer mandates for wind projects in Vietnam. These three orders alone – two onshore wind and one offshore - will see 240 MW of wind capacity installed in the country, as the market in Vietnam continues to grow. BIM Group, in collaboration with AC Energy, has appointed K2 Management..

If the United States is to fully develop its offshore wind potential, the right port infrastructure — and plenty of it — must be built over the next two to four years. As luck (and planning) would have it, a slate of Atlantic coastal states are already partnering with top offshore wind developers to do just that...

Toru Kumagai has joined K2 Management as Country Director of its operations in Japan. Based in Tokyo, Mr Kumagai spent nine years with UL Japan Inc. Japan Inc, developing and supporting the offshore wind industry as part of the renewables section of the company. He spent many years working on safety certification and testing,..

Global wind and solar development company Mainstream Renewable Power, leading renewables investor Cubico Sustainable Investments, and specialist consultancy K2 Management discuss removing bias and minimizing uncertainty in energy yield analysis. It is not easy predicting the future so estimating the electricity you expect..

For wind and other renewable projects to be successful, they need to be grounded in commercial reality. During a project’s pre-construction phase, predicting the future energy yield is not always clear cut. Consistently achieving greater accuracy is something that key players working across the project investment and..

2019 saw a number of interesting trends in Europe’s well-established offshore wind market that we can expect to influence the emerging and growing market in the United States in the years ahead. As we reflect upon the pivotal topics in the European market over the past year, the four main takeaways – and what we can expect to..

K2 Management is proud to announce it is working as Lender’s Technical Advisor (LTA) on the Doggerbank Creyke Beck A and B Wind Farms, two of the three projects which make up the Doggerbank development. In September, all three wind farms were selected in the Contracts for Difference (CfD) allocation round 3 by the UK..

K2 Management advised ESB in acquiring a 50% stake in the 448 MW Neart Na Gaoithe offshore wind farm, which reached financial close last week. Undertaking full scope acquisition technical due diligence, K2 Management supported ESB in acquiring its largest stake in a UK offshore wind project to date. The mandate saw the team..

Do you trust fuel economy figures listed in a new car’s sales brochure? These figures are unrealistic and generally the outlined mileage is only reached under rare, optimal conditions. The same can be said for power curves provided by turbine manufacturers, as these figures are often measured at flat, non-forested test sites...

Equity returns are coming down thanks to the competition for investment in the market but these days, investors and lenders are experienced and know how to assess and price risk. Hear from Will Sheard, who heads up K2 Management's due diligence function, as he talks to Inspiratia about how returns are representative of the..

Sometimes the smallest changes on the smallest components can make a big difference – in this case, significantly benefiting power curve verification tests. Anemometer technology is getting better, allowing it to improve in the classification system under the IEC, in turn, lowering uncertainties. This means that wind turbine..

With the UK’s onshore wind industry calling on Government to establish a new strategy for the sector, a lot has been said of the potential for repowering existing projects and whether these projects can be delivered in a post-subsidy environment. Will Sheard, Global Due Diligence Manager, explores onshore wind's end of life..

Best practice for energy project developers and investors is to evaluate all risks linked to the project itself. Risk comes in many forms: technology failure, access to site, permit problems, bad contractors and unknown offtake prices. Most of the risks related to the project itself can be hedged and/or accounted for with..

We have advised the Danish Energy Agency on the use of corporate PPAs in a variety of markets around the world and how we see their near-term future in Europe. Want the highlights? How is the PPA in the EU on the brink of a breakthrough? Increasing power consumption should lead to rising prices and this should form a basic..

KEPCO Engineering & Construction Company (KEPCO E&C), a subsidiary of KEPCO (Korea Electric Power Corporation), has appointed K2 Management to help it deliver the first floating offshore wind farm in Korea for developer, Ulsan consortium. The project, in the pre-feasibility phase supported by government, is expected to be..

K2 Management's Per Regnarsson talked to trade media, Inspiratia, about the role of corporate PPAs in the offshore wind sector and how he sees this role evolving over time. Watch the video below to hear his insights. Want to hear more from Per? Get in touch below.

K2 Management has provided technical due diligence support to SUSI Partners, the Swiss fund manager, which has completed a series of onshore wind investments over the past few months, totaling 90 MW. Recent SUSI Partners investments include the acquisition of onshore wind farms located across Denmark, including Nøjsomheds..

K2 Management has signed a Memorandum of Understanding with Taean Wind Power and Dohwa Engineering to work as the owner’s engineer for the project and consult on the financing and construction of the Taean Offshore Wind Farm in the Yellow Sea, South Korea. The Company has also entered a service contract to undertake the..

Hear what Global Due Diligence Manager, Will Sheard, has to say about the impact of auctions on both development risk and a country's development pipeline. Want to hear more from Will ? Get in touch below.

It is no secret that project margins for investors and developers are under pressure. Auction schemes are driving down costs, whilst challenging site locations deliver an added CapEx related headache. There is a solution that can improve the outlook significantly - Computational Fluid Dynamics (CFD) - but this is often..

We are proud to announce that we are strengthening our UK team with appointments to three senior positions; UK Country Director, Global Director of Asset Management and Global Manager, Due Diligence services. UK Country Director, Gary Bills; Global Director – Asset Management, Steven Ikin; Global Manager – Due Diligence..

K2 Management has been appointed as a technical advisor by Octopus Energy Investments, part of the Octopus Group, and Valorem to support the execution of two onshore wind projects totaling over 70 MW in Finland. This appointment as Owner’s Engineer and Employers Representative follows a successful acquisition due diligence..

Wind power is on the rise, but like any industry, the risks must be understood and mitigated. In 2018 the wind power industry witnessed rapid growth, with €10.3bn being invested in Europe alone according to WindEurope. Despite this investment boom, driving cost efficiencies will be vital to ensuring wind power can continue to..

In developed markets, health, safety and environmental (HSE) regulations are often robust and comprehensive but this is not always the case in emerging markets. What might sound like an opportunity to reduce costs by simply complying to local regulations could in fact be a false economy. Despite local requirements potentially..

Following a 12-month contract to deliver comprehensive owner’s engineer services, K2 Management and Cutia Empreendimentos Eólicos, a company of group Copel (Companhia Paranaense de Energia), have commissioned the final turbines at the Cutia Complex, in Rio Grande do Norte, Brazil. K2 Management was appointed to assist Cutia..

The definition of risk management varies wildly, depending on who you ask. Similarly, what is included and what is not is often a matter of opinion and can change from one person to the next. At K2 Management we believe risk management is an integrated business decision tool that takes all project elements (technical, legal,..

How much energy can you pull out of a wave energy system? And what are the loads during a long list of different weather, wave and fault situations? The EU project Horizon 2020 project MegaRoller, where K2 Management is a partner, has taken a huge step closer to answering those questions. Last month the project reached an..

The issue of cyber security in the wind industry is a relatively unexplored topic and commonly, project owners and developers are neglecting to ask themselves whether their security set up, both IT (information technology) and OT (operational technology) is robust enough. Wind turbines can get a virus in much the same way as..

K2 Management has secured an owner’s engineer mandate for ewz’s 30.1 MW Stigafjellet in Norway. The appointment comes on the back of a successful acquisition due diligence role for the project, completed late last year. The owner’s engineer role will comprise electrical and foundation design review, milestone inspections,..

K2 Management, who globally offers consultancy services to the wind and solar industry, is expanding its Board of Directors to five people with the addition of a new board member and the appointment of a vice chairman. Details of new additions to Board of Directors New Vice Chairman - Jesper Kristian Jacobsen (48), CEO at..

K2 Management rounded up 2018 with its most successful quarter in North America since its inception in 2010, signing 23 orders in Q4 of last year. These new orders, spanning offshore wind, onshore wind and solar technologies, will support projects with an expected total installed capacity of 9GW if built out. The team - with..

K2 Management today announced that its Board of Directors has appointed Jørn Zielke as Chief Executive Officer (CEO). He will join the company June 2019. when released from the contract with his current employer. Jørn Zielke has more than 20 years of international experience from the service and energy industries, serving in..

K2 Management has opened an office in Beijing, China to support the world’s largest wind and solar market. Active in Asia since 2010, K2 Management has been working in China on several projects for local and international clients. Country Director for K2 Management in China, James Wu, said: “We think the time is right for us..

International infrastructure investor, John Laing, this week completed the acquisition of 57.6 MW Cherry Tree Wind Farm in Victoria, Australia with technical due diligence support from K2 Management. This is John Laing’s fourth successful acquisition following closure of Sunraysia and Finley Solar Farms in New South Wales and..

Investors could increasingly benefit from a further focus on developing markets like Brazil, Russia, India, China and South Africa - also known as BRICS countries - if they want decent returns on their green investments. Head of Financial Services, Niels Brix explores... BRICS markets have significant unexplored capacity for..

A 10% increase in offshore operational or in-development capacity compared to 2017 shows the true strength of the industry in terms of maturity, and contribution to reducing the LCOE. But what is behind this global capacity growth and LCOE drop? And how does understanding cost drivers help to effectively manage risk in the..

We regret to inform you that the Board of Directors of K2 Management and CEO Henrik Stamer have, by mutual agreement, decided to release Henrik from his duties as CEO, effective of Wednesday, October 31, 2018. The Board of Directors is currently in the process of hiring a new CEO to lead K2 Management and as soon as a..

During the past five years, 50% of renewable energy claims have been weather-related and the cost of insurance for natural disaster risks is increasing Global sustainable energy consultancy, K2 Management, has launched a report titled; Pre-Construction Projects: The battle to reduce uncertainty and improve business case..

Between 2015 and 2017, the number of projects in which K2 Management undertook computational fluid dynamics (CFD) for its clients rose by 440% globally, highlighting that both investors and developers are investing in more detailed analysis - they are looking beyond the industry standard linear flow model. The North American..

K2 Management, the specialist renewables engineering consultancy, has agreed to acquire independent energy engineering consultancy, Cruz Atcheson. Founded in 2015, Cruz Atcheson specializes in three key areas in the wave, tidal and floating wind sector: concept design, due diligence support and project development. The..

K2 Management has secured the construction monitoring contract for the circa 860MW Triton Knoll offshore wind farm, which reached Financial Close last week. The contract’s scope includes the monitoring of permitting, design, manufacturing and construction activities and project expenditure on behalf of a consortium of..

The sustained roll out of renewables has been confirmed in South Africa’s Integrated Resource Plan (IRP), which was published yesterday by the Department of Energy. The IRP identifies the country’s energy needs until 2030, thereafter detailed technical analysis will be executed in order to identify the country’s additional..

The wind industry is more than 20 years old and projects are scaling up – both in terms of technology, with larger turbines, and project size. Larger projects can lead to bigger or more risks but developers and investors remain risk averse despite experience and learnings. Construction projects have risks, no matter what the..

K2 Management, has opened an office in Ho Chi Minh, Vietnam to support the growing wind and solar markets in the region. Active in Asia since 2010, K2 Management has been working in Vietnam over the last three years and has been very involved the last two years on the 40MW Dam Nai onshore wind farm delivering owner’s..

K2 Management has supported a consortium of investors including Pensions Infrastructure Platform (PIP Funds) and Dalmore Capital Limited, to purchase a 49% shareholding in EDF Energy Renewables’ 550.5MW UK wind portfolio. The portfolio consists of 24 sites throughout England, Wales and Scotland; 23 of which are operational..

K2 Management today launched a report titled; Pre-construction projects: The battle to reduce uncertainty and improve business case bankability, in partnership with specialist insurance broker and risk consultant, JLT Speciality, at Africa Energy Forum, which kicked off today in Mauritius. The report identifies trends and..

2017 was a record year for renewable energy investment in Australia, but is it realistic to assume that this success will continue? Director at K2 Management, Maria Cahill, looks at the investment drivers for renewable energy in the Australia’s market and how these will affect the longer-term commitment to clean energy..

Ultimately, a successful project is all about how much power you deliver to the grid, not how much time of the year your turbines can potentially operate. Asset owners who focus on turbine availability don't pay enough attention to the turbine performance or interaction with the Balance of Plant and the grid. So, what good is..

K2 Management announced today that Lars Andersen has joined K2 Management as President and Managing Director of its North American operations. Lars Andersen has been a figure in the global power and energy industry for almost three decades, half of which have been spent based and working in the North American market. Lars’..

Macquarie’s Green Investment Group (GIG) this week increased its interest in the 210 MW Westermost Rough with technical due diligence support from renewables consultancy, K2 Management. Green Investment Group Limited (GIG), the specialist green energy principal investment business of Macquarie Group Limited (Macquarie), this..

In today’s zero subsidy environment it’s all about coming up with the strongest business case and lowest strike price if you want to win the rights to build a project, whether onshore or offshore wind. The focus should, of course, be placed on the Levelized Cost of Energy (LCOE), that measures lifetime project costs divided..

To support the growing wind and solar markets in Eastern and Central Europe, K2 Management has opened an office in Gdynia, Poland. “We have been active in the Polish market since 2016, supporting a local client with the development of an offshore wind project. Our involvement has developed a strong interest from developers..

This month has been fruitful and our order book is filling up in Asia after signing ten contracts in 7 different countries this month. After the successful execution of Dam Nai phase 1 wind project in Vietnam, we have been appointed by the developer The Blue Circle and Armstrong Asset management as Owner’s Engineer for phase..

It’s been a big month for South Africa – Minister of Public Enterprises Lynne Brown gave Eskom the go-ahead to sign the 27 outstanding IPP projects under the REIPPPP and newly-elected Cyril Ramaphosa was sworn in as President, causing South Africa’s main stock market index to jump nearly 4% as it headed for the biggest..

When US President Donald Trump recently reduced the corporate tax rate from 35% to 21% he decreased the appetite for tax equity players and accelerated the wind and solar industry’s shift towards a zero-subsidy market quicker than anticipated. Reducing the corporate tax by 14 percent point means there is much less tax equity..

The results of Taiwan’s offshore environmental permitting scheme were announced this month, closing the door on any new, as yet unpermitted offshore developments off the shores of the country. With this milestone now complete – what do the approved permits reveal and what does that mean for the next phase of offshore..

K2 Management is witnessing an especially strong interest from clients in the offshore wind market and a strong demand for project execution of wind and solar farms. "We have received so many requests to deliver solutions for the development and construction of projects, that if just half lead to final contracts, we will need..

Applying prudent, state of the art risk and uncertainty management techniques easily pays for itself and can add significant value to a wind or solar project. Poor risk management can easily increase project capital expenditures (CAPEX) by two to four percent plus. For a 400 MW offshore wind farm this can easily amount to EUR..

Taiwan has become the new, hot market for offshore wind. Ambitious governmental targets for installed offshore wind capacity of 5.5 GW by 2025 phasing out nuclear and an open economy for international investors have created an appealing market cocktail. But what do you need to consider when developing projects in Taiwan?..

K2 Management, is expanding its independent technical and project management services to support solar PV projects. Since its foundation in 2007, the company has focused solely on the wind energy sector, but client requirements and market demand have led to diversification and expansion of its service offerings. “Many of our..

K2 Management has been appointed by Triton Knoll Offshore Wind Farm Ltd, to deliver an independent technical and commercial advisory mandate for the up to 860MW UK project. Triton Knoll is one of three projects which were successful in the September 2017 UK Government Contract for Difference auction, marking it as one of the..

K2 Management has agreed to acquire global yield analysis consultancy, Prevailing. Headquartered in Bristol, United Kingdom, the company has offices in Scotland, Germany, Australia and the United States. Founded in 2009, the company has been involved in energy yield analysis for more than 1,200 projects in over 30 countries...

K2 Management has been awarded a lump sum service agreement by Northland Power Inc. The agreement includes full scope construction management on the €1.4bn Deutsche Bucht (“DeBu”) offshore wind farm in the German North Sea. K2 Management has been working on the 269 MW project since 2013, providing engineering and development..

A study conducted by K2 Management found that wind project owners can increase their overall project earning by up to 2% if they plan for lifetime extension at an earlier stage in the project, rather than beginning the process in the project’s final year. The study is based on a 24MW German onshore wind farm with a capacity..

It’s been 10 years since Lars K. Hammershøj and Per K. Melgaard founded K2 Management. The company was officially registered 30 August 2007. Today the two founders are still active in the company, that has grown to 110+ employees with offices in 10 countries and a track record from more than 35 countries. Here K2 Management..

Do you go to war without first planning and practicing your next move? Would you play a concert without rehearsing with your instrument and orchestra? The same question should be asked when developers and contractors are planning the development and construction of their projects. A technique used by the armed forces,..

Wind consultancy, K2 Management, has been awarded a 12-month contract to deliver comprehensive owner’s engineer services on phase one of the CUTIA Complex onshore wind farm, in Rio Grande do Norte, Brazil. Appointed by developer Companhia Paranaense de Energia S.A. Copel after a public bidding process, K2 Management’s scope..

A report launched today by wind consultancy K2 Management and specialist insurance broker, JLT Specialty Ltd., has identified the key challenges and trends that will shape the future of onshore and offshore wind projects over the next twelve months. Launched at the Offshore Wind Conference 2017 in London, ‘Reducing The..

At K2 Management, we are increasingly seeing institutional investors looking to invest in unbuilt wind projects with a return on investment as low as 2%. At first glance, you might wonder what is driving this, but dig a little deeper and you will find a host of good reasons. First of all, some companies may want to be seen..

Wind turbine performance warranty claims are about to get way more complicated and murky and the reason is the newly-released international standard for power curves: IEC 61400-12-1: 2017. According to the IEC, the standard specifies a procedure for measuring the power performance characteristics of a single wind turbine and..

At K2 Management we frequently get requests from investors looking for “good projects” and we often end up performing technical due diligence on their investment objects. This is a positive and proactive approach. But it often translates into investors focusing on projects that are either ready for financial close, or which..

K2 Management has been awarded a contract for the owner’s engineer, project management and construction management of the 40 MW Dam Nai wind farm in Vietnam. This project is owned and developed by Singapore-based developer, The Blue Circle, with financial backing provided by Armstrong Asset Management. With a full owner’s..

Wind farm developers can easily save around 180.000 EUR per installed turbine by choosing the optimal crane setup for tall projects. Typically around 25 percent, and in some cases up to 50 percent, of installation costs can be saved, according to a price study conducted by K2 Management. Many onshore wind projects in Europe..

K2 Management is proud to announce it has been awarded a contract for a feasibility study of an offshore wind farm, located in South Korea. Any project related information will not be disclosed per the client's request. K2 Management will partner up with a local engineering company for the scope of work: Development of wind..

2016 has truly been an exciting year for our clients, their wind projects and also here at K2 Management. We have seen many of the projects we are working on reaching financial close, or operating and generating energy and revenue. The interest for developing and investing wind energy is only getting bigger. We witness that..

K2 Management has joined a small, exclusive list of companies with certified and accredited methods for wind turbine power performance. This means that turbine manufacturers must approve our results and methods when we validate the performance of a wind farm on behalf of a client. "K2 Management will to my knowledge be one of..

Getting your contracting strategy right is an important step in improving wind project profitability - from lowering CapEx and OpEx costs, lowering insurance premiums through lower risk and shorter construction periods by using specialist contractors for each element. Let's explore how multi-contracting can significantly..

K2 Management is pleased to announce it has again been awarded a contract in South Korea from SK D&D, part of local industrial conglomerate SK Group. For this new order, SK D&D has asked K2 Management to support with wind turbine generator contract negotiations for the Uljin onshore project in Gyeongsangbuk-do. On the first..

K2 Management is pleased to announce it has recently won a series of contracts in Brazil. For ACMEN Participações Ltda, a company created to supply wind turbine components to the Brazilian market, we have been appointed to support in the development of a business plan for opening a manufacturing plant in Brazil. For our..

K2 Management is proud to announce its new Managing Director for Brazil and Latin America. As of Jan 1st, 2016, Mr. Hebert A. M. Nascimento will be heading the office in São Paulo, supporting clients in the region. Hebert Nascimento is replacing Lars Kruse who has chosen to pursue challenges outside K2 Management. Hebert..

K2 Management has been awarded a contract from KOWP who is developing the Korea Offshore Wind Power Project, located 11 kilometers off the South Korean west coast in the Yellow Sea. Total planned, rated capacity will be 2.5GW installed over three rounds. K2 Management Wind Analysis team will conduct an independent energy..

Wind turbine towers are set to reach heights of up to 170m with new construction techniques and materials, according to wind power engineering specialists K2 Management. Tower heights have grown steadily over the last decade as operators seek stronger wind speeds higher up in the atmosphere – See infographic. Based on work..

K2 Management is proud to announce it has been awarded with its first contract in Japan. Wind Power Energy, consisting of Wind Power Group K.K, SB Energy and ORIX Corporation, who owns the 100 MW Kashima offshore wind project, has hired K2 Management to support in the development and construction phase to improve the overall..

K2 Management has been awarded a contract from Taiwan Power Company. The local utility is planning to install four to five wind turbines on the north east corner of the island. K2 Management wind analysis experts will support the utility with wind data analysis, investigation of turbulence and extreme wind conditions, review..

The island of Guam is getting closer to realizing its plans for the first utility size wind farm. Virtue Consultant Management Inc (VCMI), the holding company of a local developer, is planning to install three wind turbines (Dandan onshore wind project) on the island. K2 Management has signed a contract with VCMI in order to..