Project engineering and development
Procurement and tendering management
Procurement and tendering are vital processes for successful development of an energy project. The owner and developer on one side and the supplier and contractors on the other are outlined so project risks can be identified and mitigated.
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Supporting clients with development services
Mainstream Renewable Power - “K2 Management provides us with the client-focused approach that we value”
Mainstream Renewable Power - “K2 Management provides us with the client-focused approach that we value”
K2 Management has supported Mainstream’s energy portfolio since 2009, and since then we have delivered several mandates to deliver independent analysis and technical advisory on greenfield developments and prospective project acquisitions.
The team has supported Mainstream on almost 50 mandates spanning Africa, North and South Americas, Europe and Asia, covering both wind and solar PV projects in their portfolio. Recent assignments have included lender’s technical advisor on a Chilean onshore wind portfolio, project management support on a project in the Philippines and most notably several engagements to deliver independent energy yield analyses.
Mark Pearson, Head of Global Energy Analysis at Mainstream, said of the collaboration: “K2 Management’s financial-grade energy yield analysis provides us with accurate and timely information which we can use to inform and de-risk our investments, developments and operational decisions.”
He added: “Working with K2 Management over the years, we found the team to be very flexible, open to understanding our needs and very responsive, while still safeguarding their independence. The consultants’ backgrounds and experience from developers and other consultancies provides us with a client-focused approach that we value.”
“Commercial processes often require multiple iterations of technical reports delivered in time to meet business milestones, but with K2 Management, I am always impressed by their attitude and commitment to our projects.”
Want to read more about reducing uncertainty?
Mark Pearson contributed to a round-table interview with Jack Marriott from Cubico Sustainable Investments and K2 Management's Ivar Rush, discussing how to minimize uncertainty in an age of bias. You can read the full article here.
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.
Independent energy yield assessment of a 42 MW (AC) solar farm in Australia, on the site of a decommissioned coal-fired power station. K2...
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.
With only a handful of projects operating, large-scale solar PV remains in its infancy in Australia, making Collinsville a flagship RATCH project.
The proposed farm consists of three large zones of PV arrays to be developed on the site of a decommissioned coal-fired power station. Measured data from an onsite pyranometer located central to the three zones was available.
Once the quality and consistency of the site measurements was confirmed, K2 Management was able to use them in the analysis to improve accuracy in long-term resource predictions, thereby reducing the uncertainty in the energy yield and improving the project P90.
Industry best practice software, methods and tools were applied throughout the analysis and a comprehensive review of losses, specific to the site conditions and equipment under consideration, was undertaken, further improving the accuracy of the results.
Our client said...
"The team was thorough in its approach to this analysis. It is clear they have an in-depth understanding of solar technology and yield analysis methodology, and have applied this to achieve a low uncertainty result. Analysis methods and results were clearly presented in their report, and by supporting our own in-house studies, enable us to progress the project with greater confidence."
Mirjam Tome | Project Development Engineer | RATCH Australia Corporation
From field to financing - energy yield assessment of two onshore CfD projects: Kype Muir and Middle Muir. Only a handful of onshore wind 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.
We supported the projects from green field through to provision of the final analyses required for project financing. The projects were located at complex sites with variable forest cover so we considered advanced wind modelling essential. We applied Computational Fluid Dynamics (CFD) modelling to realistically predict not only the wind speed but also the flow conditions across the site.
This enabled us to estimate the performance at each individual turbine, reducing the overall assessment uncertainty, leading to a higher P90. Our early involvement in the project lifecycle
helped to promote optimised design. The ongoing analysis we provided informed decision making
at key moments helping minimise energy yield uncertainty. Some of these were in the early stages and may not have been recoverable later in the development lifecycle.
Combining our wind resource, project finance and development expertise across the lifecycle this way enables us to optimise our clients’ projects. This is increasingly important in a market where margins are tighter due to the shift from fixed to variable support mechanism pricing and increasingly contested auction processes.
Our client said...
"K2 Management informed our decision making throughout the development of both projects. Their technical input has helped us deliver optimised projects accompanied by robust energy yield analysis facilitating the project finance due diligence process."
Andrew Liddell | Technical Director | BANKS Group
