A Thailand-based wind developer and investor has tasked Danish consultancy K2 Management to carry out technical due diligence of an existing wind farm in South Korea.
The Thai company, namely Inter Far East Wind International Co Ltd (IWIND), is keen on buying a stake in the current owner of the wind farm, K2 unveiled on Friday.
The Danish firm will visit the wind farm site to review the operating conditions, conduct a visual inspection of the wind turbines and check the OPEX and service contractual conditions.
No details about the wind farm were disclosed, apart from the fact that it is located on Jeju Island.
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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.