Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTSeptember 5 (Renewables Now) - 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)
Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTCanadian Solar sells 3.3-MWp UK solar plant to Elm Trading
Dec 06, 2019 13:57 CESTOctopus Renewables pockets GBP 350m in London IPO
Dec 06, 2019 9:55 CESTContourGlobal's 9-mo earnings benefit from CSP portfolio stake sale
Dec 05, 2019 13:33 CESTBP to raise stake in solar developer Lightsource BP to 50%
Dec 05, 2019 11:06 CESTFRV to develop 15-MWh energy storage project in UK
Dec 04, 2019 16:40 CEST