K2 Management wins contract for 860MW Triton Knoll wind project

By Olivia Minnock
Engineering and technical advisor K2 Management has secured the construction monitoring contract for the Triton Knoll offshore wind...

Engineering and technical advisor K2 Management has secured the construction monitoring contract for the Triton Knoll offshore wind farm.

Triton Knoll, which has a capacity of 860MW, closed financing last week at a total of $2.6bn. The project is owned by German renewable energy company innogy, with investment from Japanese utilities, and will be located off the coast of Lincolnshire, UK.

K2 Management will monitor permitting, design, manufacturing and construction as well as project expenditure. Previously it has been the Lender’s Technical Advisor for the past two years until the project reached its financial close, so will be able to pick up smoothly as Triton Knoll enters its construction phase.

See also:

J-Power and Kansai Electric take 41% stake in innogy’s Triton Knoll project

$3.4bn Scottish offshore wind farm begins powering National Grid

Read the latest issue of Energy Digital

Julian Garnsey, Project Director, Triton Knoll, said: “This is a great moment for Triton Knoll and the UK offshore wind industry as we formally secure the means to deliver around £2bn of new UK energy infrastructure.”

Garnsey added that K2 Management has already helped the project “develop a bankable and well-considered project from the beginning”.

K2 Management’s project manager, Vicky O’Connor, also commented: “Triton Knoll really is a massive milestone project for the offshore industry.

“Working closely with the project team from the early stages of development has allowed for bankability to be inherent throughout the process, resulting in financial close being reached in a relatively short period.”

Share

Featured Articles

Earth Day 2024: Renewable Energy Key To Sustainable Future

Celebrated annually on 22 April, Earth Day 2024’s main theme centres around ‘People vs Plastics’ but also looks at sustainability as a whole

What's Apple’s Promise on Clean Energy and Water Investment?

Tech giant Apple is working to increase its sustainable output, supporting more than 18GW of clean energy use & billions of gallons in water savings

Data Centre Demand Putting Pressure on Energy Capabilities

Utilities in the US are predicting a tidal wave of demand for data centres thanks to the boom of AI, which, in turn, will dial up the need for electricity

Q&A with Hitachi Energy’s EVP & Head of North America

Sustainability

OMV Takes Strides in Energy Efficiency & Emissions Reduction

Sustainability

Q&A with RAIN Alliance President and CEO Aileen Ryan

Technology & AI