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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
  • Asset Management

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

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

Appointed by German utility 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.”

 

  • Construction
  • Engineering
  • Onshore
  • Construction and installation

Owner's engineer for Dam Nai, Vietnam onshore project

K2 Management is undertaking a contract for the owner’s engineer, project management and construction management of the 40 MW Dam Nai wind farm in...

K2 Management is undertaking a contract for the owner’s engineer, project management and construction management of the 40 MW Dam Nai wind farm in Vietnam. 

With a full owner’s engineer scope, K2 Management is undertaking design review and site inspections of the entire balance of plant, as well as wind turbine activities from factory inspections through to final commissioning.

The project team is collaborating closely with the developer and owner on construction activities, health and safety issues, construction quality, project documentation and planning to secure contract, timeline and budget compliance.

The project, set to be the first foreign-owned wind farm in Vietnam, is being constructed in two phases to be completed in 2018. 

K2 Management and client The Blue Circle from K2 Management on Vimeo.

Olivier Duguet, CEO at The Blue Circle, commented: “The development of the Dam Nai wind farm will be a significant contribution to Vietnam’s ambitious energy target set by the government and will allow Vietnam to tap into its natural resources.  We are delighted to appoint K2 Management in this role and will look forward to benefiting from their global expertise and vast wind experience.”

Per K. Melgaard, Partner at K2 Management, stated: “Working with The Blue Circle on the Dam Nai project is a pleasure and we look forward to successfully completing the role of owner’s engineer and project manager.”

“K2 Management has a wealth of experience as a key advisor in the development and implementation of wind projects and has hands-on local knowledge of the South-East Asian wind market. We will look forward to working closely with The Blue Circle to deliver a successful project.” 

  • Asset Management
  • Onshore

Asset management on Asian wind farm | Identification of underperformance

K2 Management helped Identifying causes of underperformance - and we had to take a new approach to operational assessment to solve the problem and...

K2 Management helped Identifying causes of underperformance - and we had to take a new approach to operational assessment to solve the problem and bring new insights. 

The wind farm in question was underperforming significantly compared to its pre-construction energy yield assessment. Another consultant had already conducted a reconciliation analysis to identify the reasons for underperformance, but had been unable to establish the root cause.

We approached the analysis from a new perspective, bringing insights that had not been uncovered previously.

Through use of nacelle and ground mounted LiDAR, as well as traditional mast data,  we observed that the turbines were performing well in warranted conditions. However, periods of
high atmospheric stability occur frequently in this region, and during such conditions turbine
performance was significantly reduced.

As a result of these findings, our client was able to focus discussions with the manufacturer on the improvement of energy yield through controller optimisation, rather than spending time and money on further investigation or warranty claims.

 

Lars K. Hammershøj

Get in touch to discuss our wind expertise