DISCOVER THE KEY STEPS TO SUCCESSFULLY OPERATING AN OFFSHORE WIND FARM
Explore our comprehensive guide to:
- Learn about the key steps to start building an offshore wind farm
- Find out how to strike the balance between building and operating the best wind project
- Receive practical advice from our experts
We bring value to our customers
Start shifting your mindset by reading this guide.
During the development, financing and construction of an offshore wind farm, the focus of most developers and suppliers is firmly on how to build the best energy project possible. However, that can result in operational plans taking a back seat until much later.
You don’t build a wind farm for fun; you build it to operate it. So why is the operational side often more of an afterthought than a focus?
Did you know that 30-40% of the cost of energy on an offshore wind farm is in the operational phase? Yet this large portion of the cost pie is often given less thought in favour of the tangible, pre-COD elements of the project.
Here are seven things to think about to strike the balance between both building and operating the best possible wind project.
.png?height=1000&name=cristinas%20article%20blog%20(6).png)
.png?height=1000&name=featured%20images%20for%20all%20resources%20(1).png)
"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
"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.
"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
"The support from K2M enabled us to progress with our investment..."
“We recognised the opportunity available in investing in Hornsea 2, but as our first foray into offshore wind we were looking for rigorous technical assistance in assessing the project. The support from K2M enabled us to progress with our investment, and we look forward to continuing to explore opportunities in the offshore wind sector in the future.”
Hugo Brändström, Vice President, Infrastructure Equity, AXA
"We look forward to extending our relationship..."
“We were pleased to see that the feasibility study led by K2M and Dohwa demonstrated the enormous potential of the project, and can now confirm that the design and permitting process is underway. We look forward to extending our relationship to cover project design and owner’s engineer services.”
Byeong-Won Chu, Taean Wind Power
"Maryland’s largest offshore wind project..."
“US Wind has big plans to deliver offshore wind to Maryland, contributing to the long-term economic growth of the state with employment opportunities and local investments. We appointed K2 Management as owner’s engineer on our flagship MarWin project to elevate the technical capabilities on what will be Maryland’s largest offshore wind project.”
Jeff Grybowski, CEO, US Wind
"Given its wealth of experience, K2M is the clear partner..."
“Given its wealth of experience, K2M is the clear partner to oversee the day-to-day fabrication at our suppliers’ facilities, as well as the delivery of major components to the Portsmouth Marine Terminal. We are at the forefront of delivering reliable, affordable and increasingly clean energy to our customers, and this partnership is going to help us meet those expectations with our offshore wind project.”
Joshua Bennett, Dominion Energy, Vice President of Offshore Wind
"We trust in their expertise and their ability to deliver..."
"The Pajuperänkangas project contributes to the steady growth of the wind market in Finland, whose neighbours are part of the group of countries at the forefront of Europe’s renewable energy transition. Having financed numerous wind farms in Finland, we are dedicated in continuing this momentum and delivering clean energy to the region. K2 Management’s proven track record of successfully delivering projects of this scale and beyond means that we trust in their expertise and their ability to deliver."
Heiko Ludwig, Global Head Structured Finance, NORD/LB
"K2M’s technical insights have been an important asset to us throughout the development phase"
"K2M’s technical insights have been an important asset to us throughout the development phase, and will continue to inform the project trajectory as it progresses through construction and operation. As well as solidifying investor confidence in the Project’s ability to succeed and ultimately having led to this financial close, K2M’s work has benefited the Taiwanese Offshore Wind Industry through supporting such a landmark project.”
Frank Spee, ECPI Director for Hai Long
"The support provided has been exceptional"
"InchCape has selected K2 Management for the role of Technical Advisory, and the support provided has been exceptional. The team has shown very good flexibility in responding to project requests, including ad hoc queries and reporting timelines, and has completed all agreed deliverables at the highest level of quality."
InchCape
"Drawing upon K2 Management’s expertise and extensive experience"
“This marks our inaugural venture into offshore wind in the country, and one of the largest offshore wind projects in Korea, and we’re excited to initiate the first phase of this project. Drawing upon K2 Management’s expertise and extensive experience in global offshore wind projects, we are confident in ensuring its success.“
Seoung-Ho Choe, Representative Director/CEO of PEK
"We are glad to have them on board"
"K2M has supported us with the acquisition Due Diligence for the Illevaara project and is continuing this during the construction phase bringing extensive experience from global markets to navigate the challenging climate conditions of the region. Technical insights in this highly specialised area have been instrumental in ensuring the project’s smooth execution and we are glad to have them on board."
Mario Schirru, CIO/COO of Encavis AG