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 Management deliver technical advisory for lenders on behalf of project joint venture partners, SSE Renewables and Equinor.
This will be the first wind farm in the world to install GE Renewable Energy’s 13MW Haliade-X turbine. The project will also be the first in the UK to use a High Voltage Direct Current (HVDC) transmission.
The construction monitoring scope includes the monitoring of permitting, design, manufacturing and construction activities and project expenditure on behalf of a consortium of international lenders. The construction monitoring for the project began in late 2020 until the commercial operation date (COD).
Dogger Bank Wind Farm Project Director, Steve Wilson, said: “K2 Management has supported the Dogger Bank Wind Farm for over two years, providing a comprehensive review for lenders as well as supporting us in achieving financial close on the first two phases of the world’s largest offshore wind farm, using new technology solutions. We look forward to continuing our cooperation through the construction phase until completion.”
Steve Hall, Senior Project Manager at K2 Management, said: “We are proud to have played a part in advising the largest offshore wind farm in the world to financial close and are thrilled to be continuing our engagement through the construction phase.”
“This will be the first wind farm in the world to install GE Renewable Energy’s 13MW Haliade-X turbine. It sets a new precedent for bankability of new and innovative technological advancements which continue to improve business cases and ensure offshore wind continues to grow as a key energy source for the UK.”
In 2019, the first two phases of Dogger Bank Wind Farm were selected in the Contracts for Difference (CfD) allocation round 3 by the UK Government.
Picture source: GE Renewable Energy