We’ve compared our offshore energy yield predictions to real-world data from 45 projects, totaling an impressive 14 GW of installed capacity or over 5900 turbine years.
What’s impressive is the alignment between our pre-construction forecasts and actual operational data, with a mere 0.03% average difference.
This study discusses a range of factors including the unprecedented growth of offshore wind instillations, the use of inaccurate wind measurements and how to mitigate project valuation risks.
We also answer some of the most common questions asked about offshore energy yield. including why you need a detailed assessment and the pros and cons of floating LiDARs.
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"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
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"The quality of the team has been outstanding."
"Ka 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 | HighlandGroup 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, RenewableEnergy | 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 Brandstrom | Vice PresidentPresident, InfrastructureEquity | AXA
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"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, KzM 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 | Vice President of Offshore Wind | Dominion Energy
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"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
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"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 | Hai Long
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"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 | ConstructionNorthland Power
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"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 Kz Management's expertise and extensive experience in global offshore wind projects, we are confident in ensuring its success."
Seoung-Ho Choe | Representative Director/CEO | PEK
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"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
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"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
"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
"We look forward to working with K2M"
"We look forward to working with K2M as we seek to ensure that this momentum continues. Leveraging insights from an independent advisor, whose expertise has come from established markets globally, was the natural choice for us as we aim to deliver clean and sustainable power."
Knud Hedeager | President | Alternergy Wind Group