K2 Management secures construction monitoring contract for Triton Knoll

Danish energy consultancy K2 Management said today it has been awarded a contract to monitor construction of the 860-MW Triton Knoll offshore wind farm in the UK on behalf of a consortium of international lenders.

The contract will run from the fourth quarter of 2018 until the project's commercial operations date, expected in early 2022. It involves monitoring of permitting, design, manufacturing and construction activities and project expenditure.

The GBP-2-billion (USD 2.6bn/EUR 2.2bn) offshore wind project reached financial close last week, a few weeks after German developer Innogy SE (ETR:IGY) agreed to sell a 41% stake in the scheme to Japanese utilities Electric Power Development Co (TYO: 9513), also known as J-Power, and Kansai Electric Power Inc (TYO:9503).

The construction monitoring contract follows K2 Management's two-year role as lender's technical advisor for the project.

Julian Garnsey, project director of Triton Knoll, said that "engaging with K2 Management as technical advisor from the early stages has allowed us together to develop a bankable and well-considered project from the beginning."

(GBP 1 = USD 1.297/EUR 1.115)

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