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Practical knowledge and focused advice 

Renewable energy investment is now mainstream; the ongoing global growth of the wind power sector requires substantial ongoing investment from the international financial community and support from the insurance sector, bringing long term opportunities for many different players.

However, despite the continued successful growth of onshore and offshore wind, success cannot be taken for granted and project risks still require careful evaluation in order to ensure expectations are met.

Watch this video to find out what our clients and consultants think makes a good technical advisor!

De-risking investments with advisory services

We want our clients to have the best business cases so de-risking projects from the outset is important. Take a look below to see some of the ways that we support support lenders, investors and developers with our expert advisory: 

Detailed due diligence

Undertaking due diligence in the early stages of your project is essential to ensure your business case is robust before striking the first blow. Our experts combine technical and commercial elements of due diligence, wrapped up in extensive industry experience. 

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Yield analysis

Accurate yield estimations are an essential part of advisory services for lending to, investing in or selling a wind or solar PV project.

Using advanced techniques and analysis processes, we create bankable energy yield estimations to build strong and robust business cases for our clients. 

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Optimizing project finance

The right financing model is essential when planning and executing a successful wind or solar project. We advise on project finance structure, financial modeling, capital raising, debt and equity finance, sale and purchase of assets and refinancing.

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Wind trends - Get our insights!

Get our insight into the latest financial and technical trends across both onshore and offshore wind projects based on real project data taken from K2 Management’s recent due diligence assignments.

It delves deeper into how these trends may evolve, shaping future projects and wider industry advancement and how these are looking to reduce the levelised cost of energy.

Get the latest technical and commercial trends in our report

Clients and projects

Helping clients to get the best from their investments

  • Onshore
  • Due Diligence

i Squared Capital | Technical evaluation of onshore wind portfolio

Rapid technical evaluation for acquisition of Viridian's 225 MW onshore Irish wind farm portfolio, we undertook site inspections, identified...

Photo Credit: i Squared Capital

Rapid technical evaluation for acquisition of Viridian's 225 MW onshore Irish wind farm portfolio, we undertook site inspections, identified missing documents and provided a summery report for each project,

Having reviewed energy yield estimates undertaken by our US team during the acquisition of a US  developer, the client approached us to provide technical due diligence to support their bid to buy a 225 MW portfolio of operational and consented wind farms in Ireland.

We were asked to review the contents of the data room, identify missing documentation and provide a risk register and revised P50s for four operational and six construction projects by their seven day Phase 1 deadline.

Over the following fortnight, we attended a Vendor management presentation, undertook site inspections and provided a summary report for each project quantifying key risks and identifying
value drivers.

Throughout the process we worked interactively with the client’s in-house  investment team and financial (Credit Suisse), legal (Kirkland Ellis) and energy market (Frontier Economics) advisors to provide accurate financial model inputs in an efficient and timely manner to meet the bid deadline.

Our experienced team was able to reassure the client as to the comprehensiveness of capex and opex budgets and to assess the risk of the construction projects failing to accredit by the ROC and ReFIT deadlines.

To this end when the site visit itinerary was presented by Evercore, the Vendor’s advisor, we requested and were permitted to undertake additional construction site inspections to be able to obtain the necessary assurance.

  • Onshore
  • Due Diligence

Alta Sertao II - Brazilian portfolio |  Acquisition due diligence

AES Tietê Energia has acquired the 386 MW Alto Sertão II wind portfolio in Brazil for R$600m ($193m USD), with technical due diligence support...

AES Tietê Energia has acquired the 386 MW Alto Sertão II wind portfolio in Brazil for R$600m ($193m USD), with technical due diligence support from K2 Management and TNEI.

K2 Management’s specialists delivered technical due diligence advice across the entire portfolio including a review of the turbine and balance of plant (BoP) technology and performance, an energy yield assessment report review, civil, grid and electrical design review and a technical review of the O&M contracts. The team also provided an independent energy yield assessment based on production data for the portfolio.

TNEI, a specialist energy consultant, supported K2 Management on this project, with the delivery of a technical due diligence review focused on grid connection arrangement, electrical design and installation, local transmission infrastructure and generation restrictions.

For Ítalo Freitas, President of AES Tietê Energia: “This project marks an important acquisition in the company’s drive towards diversifying our energy portfolio and achieving our growth goals by 2020. K2 Management’s technical advice was important in identifying commercial opportunities and risks throughout the process.”

K2 Management’s Latin America Managing Director, Hebert A. M. Nascimento, commented: “Our technical and commercial expertise was fully utilized in this extensive project, adding value to AES Tietê Energia’s acquisition."

"Our reporting and advice was underpinned by a sound understanding of the region, its wind resource and the portfolio’s potential and we’re pleased that the client’s goal of a successful transaction was achieved.”

Managing Director at TNEI, Rachel Hodges commented “We were extremely pleased to be involved in such an interesting project, which highlighted the importance of a thorough and robust due diligence process."

"Our specialist electrical knowledge and extensive experience complemented K2’s expertise, helping the client achieve a successful transaction completion. The project was our first experience in the Brazilian market and has helped expand our international portfolio.”

The 230-turbine portfolio is spread across 15 sites in the Bahia region of Brazil and this acquisition represents a positive move in the Brazilian energy market, given the uncertainty surrounding the cancellation of the energy auction late last year.

  • Onshore
  • Offshore
  • Due Diligence

Macquarie | Technical due diligence on acquisition of Green Investment Bank

A consortium led by Australian bank, Macquarie, has agreed to purchase the UK’s Green Investment Bank today in a £2.3bn GBP deal. K2 Management...

A consortium led by Australian bank, Macquarie, has agreed to purchase the UK’s Green Investment Bank today in a £2.3bn GBP deal. K2 Management led the technical due diligence on the transaction on behalf of Macquarie after being appointed in 2016.

K2 Management’s specialists undertook detailed technical reviews of the status and performance of GIB’s wind assets. This involved assessing the construction status and costs for two major offshore wind projects, and providing comfort to Macquarie, its partners and lenders on turbine technology risk and construction risk. 

The scope also saw K2 Management assess long-term assumptions for operating costs and performance, as well as providing ongoing updates to our work as the deal progressed to a successful conclusion. 

Will Sheard, Global Manager, Due Diligence at K2 Management, said: “The key to successfully completing a full DD scope for such a large portfolio was quickly forming a close and efficient team with Macquarie’s key staff and working together, as well as providing advice and input critical to the evaluation of the GIB and its wind assets.“Utilising a core DD team with prior practical experience of offshore wind development, construction and operation allowed K2 Management to quickly identify the key value drivers, and offer succinct and reliable advice whenever the client needed support.”

Launched in November 2012, The UK Green Investment Bank was the first bank of its type in the world, created by the UK Government and capitalized with public funds. 

  • 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.”

Will Sheard, Global Manager, 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.”

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