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Helping clients build, invest, sell and operate great wind projects

Wind expertise - planning to asset management 

Wind is our background and where we intend our future to be. We deliver a wide range of services within engineering, planning, project management, and due diligence spanning the entire value chain of a wind project from the earliest phase of development through to asset management. 

Owner's engineer makes projects bankable

Our experienced engineering team has delivered the owner's engineer role for both onshore and offshore wind projects across the globe.  Having a trusted owner's engineer on your side can make your project less risky and more bankable.  

Wind goals

We know what our clients' goals are for their projects - to be completed on time and on budget to the right spec - so we make sure that's our ultimate goal too. This shared goal drives us to deliver and our involvement will bring value in the form of more profit, reduced risk, and time saved. 

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 play!

Clients and their wind projects

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

  • 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. 

Simon Luby, Head of Global 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.”

Simon Luby, Head of Global 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.”

  • Offshore
  • Owner's engineer
  • Construction
  • Construction and installation

Veja Mate | Supporting development and construction

"K2 Management offshore wind and project experience has been instrumental for the continued development and potential success of both projects....

Photo Credit: Veja Mate Offshore Wind GmbH

"K2 Management offshore wind and project experience has been instrumental for the continued development and potential success of both projects. As advisors, K2 Management has professionally managed the technical and engineering aspects of our offshore projects."

Financial close reached in short time

Construction of the 402 MW German offshore project was completed in less than 14 months and just 23 months after financial close. Commissioning activities on the last turbine were completed end May 2017 – 4 months ahead of agreed schedule and below the budget agreed at financial close.

During the construction period K2 Management supported Copenhagen Offshore Partners (COP) and the Veja Mate Offshore Project with dedicated consultancy services.

The project was acquired in September 2014 by investment firm Highland Group Holdings Ltd, but at financial close in June 2015 sold to a consortium including Highland, Copenhagen Infrastructure II, a fund managed by Copenhagen Infrastructure Partners, and Siemens Financial Services.

K2 Management has been supporting as owner’s engineer, technical advisor and as part of the project management team – including the role as Project Director – bringing Veja Mate to financial close in a very short time.

Services provided:

  • Wind energy and turbulence assessment
  • Scheduling
  • FEED study
  • Risk management
  • Interface management
  • Project structure development
  • Project organization development
  • Invitation to tender (ITT) structure development
  • ITT Management including employer’s requirements and annexes
  • Tender process management, including bid evaluation and contract negotiations
  • Foundation and substation design process management
  • Cost books management for all specified packages supporting financial advisor
  • Technical advisor on nacelle LiDAR based power curve measurements.

 

  • Offshore
  • Owner's engineer
  • Project management
  • Construction
  • Construction and installation

Deutsche Bucht | Developing Deutsche Bucht

K2 Management is delivering full scope construction management on the €1.2bn Deutsche Bucht offshore wind farm in the German North Sea. 

Photo Credit: Veja Mate Offshore Wind GmbH

K2 Management is delivering full scope construction management on the €1.2bn Deutsche Bucht offshore wind farm in the German North Sea. 

Commissioning in 2019

After supporting Highland Group Holding as owner’s engineer and technical advisor since 2013. K2 Management was awarded a lump sum service agreement by Northland Power after it acquired the project in 2017.  

The assignment's scope will see K2 Management deliver full construction management services, from the pre-construction phase through to the Commercial Operation Date, planned for 2019. 

This two-year scope for Northland Power will include: 

  • HSE and quality management 
  • Technical management of project agreements
  • Construction monitoring 
  • Management of integration, time and cost, contracts and risk 
  • Providing procurement and technical advice for the duration of the project.

 

Morten Melin, Executive Vice President, Construction at Northland Power commented:

“DeBu is a large offshore project; having a full-scope construction management provider will help to ensure its success. Northland Power has selected K2 Management for this role as a result of their extensive track-record, and their significant contribution to bringing the project to financial close.”

 

Our services for Highland Group Holding from 2013-17 included:

  • Wind energy and turbulence assessment
  • Scheduling
  • FEED study
  • Risk management
  • Interface management
  • Project structure development
  • Project organization development
  • Invitation to tender (ITT) structure development
  • ITT Management including employer’s requirements and annexes
  • Tender process management, including bid evaluation and contract negotiations
  • Foundation and substation design process management
  • Document management
  • Cost books management for all specified packages supporting financial advisor
  • Technical advisor on nacelle LiDAR based power curve measurements.

 

 

 

GET INSIGHTS INTO THE WIND INDUSTRY

Key trends for wind projects based on real project data

During K2 Management's assignments, common trends were identified, illustrating the industry’s growing appetite for both cost and risk reduction and performance improvement.

This report identifies key trends across both onshore and offshore wind projects based on real project data, delving deeper into how these trends may evolve, shaping future projects and wider industry advancement.

Download report

 

Military concept reduces risk in wind industry

Do you go to war without first planning and practicing your next move? The same question should be asked when developers are planning the development and construction of their projects.

An armed forces technique, Rehearsal of Concept (ROC drill), allow soldiers to rehearse battle plans in advance of the event. 

Find out how ROC drills can reduce risk on wind projects 

Read more

"K2 Management really makes you grow"

“We are pleased to have K2 Management on our side supporting us with wind analysis and CFD services. K2 Management’s expertise in analyzing wind speed shifting behavior from onshore to offshore site provided us with an optimized, cost-effective solution in the measurement campaigns.

K2 Management’s support has been instrumental in the planning process for development of the offshore wind farm.”,

Mr. Y. U. Chung | SK E&C

"Bringing Deutsche Bucht to financial close"

"Northland Power has selected K2 Management for this role [full-scope construction management provider] as a result of their extensive track-record, and their significant contribution to bringing the project to financial close."

Morten Melin | Executive Vice President, Construction |Northland Power

"K2 Management was invaluable in this acquisition"

“K2 Management’s technical advice, financial insight and operational performance expertise was invaluable to us in this acquisition.”

ITOCHU Corporation

"Delivering offshore wind project management to Taiwan"

“The K2 Management team has very high professional competence in project management of offshore wind power projects. That is why we established a very strong relationship with them.”

Robert Tsai | Chairman | Formosa Wind Power Co. Ltd.

""The quality of the team [has been] outstanding.""

“K2 Management has really provided invaluable contribution to our projects in a way we never would have been able to organize. The quality of the team and the organization around it has been outstanding.”

Albert Jochems | Investment Director | Highland Group Holdings Ltd.

"Benefiting from global expertise and vast wind experience"

We are delighted to appoint K2 Management in this role and will look forward to benefiting from their global expertise and vast wind experience."

Olivier Duguet | CEO | The Blue Circle

"Energy yield assessment for due diligence"

"The energy yield assessment completed for the project financing...was quickly and efficiently supplied, and passed through the lender due diligence process with no material issues raised.”

Steve Williams, Senior Project Manager, Banks Renewables

""The CFD results were invaluable in our decision...""

“The supplied CFD modelling results were invaluable in our decision making process. Results and applied methods were clearly and concisely explained, allowing us, as developers, to put them to best possible use.”

Richard Seymour | Senior Project Manager | Infinergy

"Hands on experience and insights for great investments"

“Their hands-on experience and insights have given us the necessary comfort for investing and de-risking areas of concern,”

LI You | Investment Director | CGNEE

"Helping to grow John Laing's industry presence"

“We are delighted to have K2 Management on our side to help grow John Laing’s presence in the renewable energy sector.”

Edward Thompson | Commercial Director, Renewable Energy | John Laing

"A practical approach to problem solving for clients"

“K2 Management has a long proven track record and thereby a practical approach for finding solutions for its clients. We honor this way of working and are looking forward to be working with K2 Management again,“

Mikko Toivanen | COO and Co-founder | Ilmatar

""They really have our interests and problems in mind...""

“What I like about K2 Management is that they really have our interest and problems in mind [when] addressing technical issues. They don’t waste my time and they don’t spend too much time, they just come to me with the problem and the solution, and that is what I like.”

Bastian Schachtner | Director, Structured Finance Office | MUFG

""The team was thorough in its approach to this analysis...""

“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.”

Mirjam Tome | Project Development Engineer | RATCH Australia Corporation

We bring value to our clients

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% independence We are 100% independent
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successful projects We have a track record of 1400+ successful wind projects
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countries We deliver services on wind and solar projects in 40+ projects
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global offices With 16 offices on 6 continents, we operate globally
Lars K. Hammershøj

Get in touch to discuss our wind expertise