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Finding value in onshore wind

The onshore wind markets in  many geographies are mature and capacity is higher than it ever has been across the globe. However, the market continues to evolve to support local energy requirements, political agendas and the economic situation of countries. 

K2 Management, founded in 2007, has supported onshore wind projects from early stage feasibility and market studies, through construction all the way to operations and optimization of assets. We add value to developers, lenders and investors by utilizing our deep wind knowledge and experience to give insights that deliver value to our clients. 

What makes good wind analysis?

Hear from our team of senior analysts and from our clients to find out what makes good, bankable and reliable wind analysis!

The video touches on the importance of CFD analysis on complex sites and discusses the most important elements of analysis on wind projects globally. 

Click on the video to get our insights -->

How do we support our onshore wind clients?

Supporting developers, investors and lenders in the onshore wind sector is our bread and butter, driving projects from feasibility to operations. Find out about our key services below:

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OWNER'S ENGINEER

Bring in the specialists - Appointing an experienced owner's engineer gives developers specialist guidance throughout the development and construction phases of their onshore wind projects, all the way through to commissioning. 

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DEVELOPMENT

Get a technically well designed project by putting the time in during the early phase of development. From selecting the right contracting strategy to getting the most suitable contractors, these crucial decisions can significantly impact how your project turns out. That's why engaging specialists is so important.

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DUE DILIGENCE

We carefully evaluate risks and provide technical advice to our clients as technical advisor to lenders, investors and developers to make sure that every transaction is technically and commercially sound.

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ANALYSIS

Bankability is key when developing or financing an onshore wind project and our analysts apply technical scrutiny to projects to make sure that you don't get the numbers that you want, you get the numbers that are accurate. 

A day in the life working in onshore wind...

Take a look at some of the sights and sites that we encounter during our work for developers, lenders and investors in onshore wind.

Clients and their wind projects

Read how we support clients onshore with full lifecycle wind services in our case studies below

  • Onshore
  • Analysis
  • Development
  • Asset Management

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.”

Cubico Sustainable Investments - “When it comes to operational analysis in the energy market, K2 Management provides a first-class service.”

Cubico Sustainable Investments, a leading investor in renewable energy, has been proactively optimising its portfolio of wind and solar assets, which currently stands at over 3 GW globally.

Cubico engaged K2 Management on a series of projects since 2018 to understand the performance of their assets and in some cases, improve them to drive return on investment.

K2 Management has now supported Cubico in several operational projects across the UK and Brazil to deliver operational performance reviews, assessment of long-term energy yield and calculation of uncertainties.

Jack Marriott, Energy Analysis Manager at Cubico Sustainable Investments, said:

“An accurate energy yield analysis is important in many ways – it not only gives us a true picture of a project and of the business case, but it also allows us to dig deeper to find opportunities for optimising assets.”

“As Energy Analysis Manager at Cubico Sustainable Investments, I have had a positive experience working with K2 Management on these projects and am happy with how the analysis work went,” Marriott continued.

When it comes to operational analysis in the energy market, K2 Management provides a first-class service. The team’s accuracy, attention to detail and robust analysis techniques add value to the development of Cubico’s operational portfolio.”

Want to read more?

Jack Marriott contributed to a round-table interview with Mark Pearson from Mainstream Renewable Power and K2 Management's Ivar Rush, discussing how to minimize uncertainty in an age of bias. You can read the full article here.

  • Owner's engineer
  • Due Diligence
  • Onshore wind
  • contact-will-sheard

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...

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.

K2 Management conducted a detailed red flag review to understand the status of land leases, permits and crucial agreements. A full technical due diligence assessment was then undertaken which considered permitting and consenting, technology and design, capability of contractors and operators, project construction and delivery, operations and asset management contract review and a review of the financial model and cost assumptions. Specialist analysts also reviewed the expected technical losses proposed in the energy yield assessment.

Martin Oeschger, Transaction Manager at ewz, commented: “We appointed K2 Management due to their technical competence and experience in onshore wind in Europe. The team was very responsive and delivered a thorough review, helping us to have a clear view and to reduce technical risks, resulting in a successful acquisition for ewz.”

Jochen Gassert, Senior Due Diligence Consultant at K2 Management said: “We are delighted to have supported ewz in another successful acquisition, supporting them in expanding their wind and sustainable energy portfolio. Following this successful role, we have since been appointed as owner’s engineer on Stigafjellet wind farm and we will continue to work closely with the client towards a successful operational asset.”

K2 Management’s scope as owner’s engineer includes review of the electrical and civil design of the wind farm, fabrication and on-site quality inspections, construction monitoring and regular visual inspections, participation on BoP and WTG testing, commissioning and taking over procedures, review of as-built documentation and ad-hoc technical support. The project is entering the construction phase in early 2019 and is expected to be fully operational in Summer 2020.

  • Onshore
  • Asset Management

Asset Management,Danish wind farm | Technical due diligence turbine inspection

Appointed Encavis in early 2018, K2 Management was tasked with a wind turbine inspection as part of a wider technical due diligence review.

Appointed Encavis in early 2018, K2 Management was tasked with a wind turbine inspection as part of a wider technical due diligence review.

We performed a full inspection on eight 3.3MW Vestas wind turbines on the Nørhede Wind Farm in Denmark including gearbox endoscope inspection, to ensure that the turbines were safe and suitable for operation.

The review included inspection of:

  • Foundations
  • Electrical system
  • Safety equipment
  • Tower
  • Hub and pitch system
  • Yaw system
  • Hydraulic system
  • Blades
  • Gearbox including video endoscopy.

Ingo Ermel, Investment Manager at Encavis said: “We engaged K2 Management for this scope due to their significant experience across the wind sector, and we were particularly pleased with their detailed and timely delivery of their turbine inspection reports. The team’s in-depth support gave us a complete picture of the technological aspects of the site as part of our acquisition.”

Global head of Asset Management at K2 Management, Carsten Brinck, said: “The accuracy of wind turbine inspection during a proposed acquisition can mean the difference between mediocre turbine performance and performance that can be optimized into a fantastic business case. Knowledge is power, and we were happy to support Encavis with asset management support during this acquisition.”

  • Onshore
  • Asset Management

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...

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.

The portfolio, based across Latin America, comprises four operational wind farms totaling almost 600 MW and almost 350 GE turbines.

K2 Management’s scope of work was to support the transition from a basic O&M set up to a full service scope so the team undertook an extensive review of the portfolio and its operational requirements.

This included:

  • Benchmark and assessment
  • Contract review
  • Contract negotiation support
  • O&M setup evaluation.

 

Tiago S. Dias, Vice President Renewables - Performance Management at Contour Global said: “K2 Management’s support in this transition was invaluable thanks to their detailed understanding of our O&M requirements and their extensive knowledge of the operational complexities of onshore wind farms.”

Global Head of Asset Management at K2 Management, Carsten Brinck commented: “Supporting Contour Global in obtaining and setting up the best operations and maintenance strategy for its wind portfolio was a pleasure for the team. With our knowledge of Latin American wind and global wind domain knowledge we were able to bridge global best practice to get the best set up for this portfolio in Brazil.”

 

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