K2 Management wins construction monitoring contract for 860 MW Triton Knoll offshore wind farm

K2 Management has secured the construction monitoring contract for the circa 860MW Triton Knoll offshore wind farm, located in the North Sea, off the coast of Lincolnshire, UK.

The contract’s scope includes the monitoring of permitting, design, manufacturing and construction activities and project expenditure on behalf of a consortium of international lenders. The construction monitoring will run from Q4 2018 until the commercial operations date (COD), expected in early 2022.

This award follows a K2 Management's successful two-year role as Lender’s Technical Advisor for the Triton Knoll project, delivering technical due diligence from the feasibility phase, through the Contract for Difference (CFD) auction process (September 2017) and mandating of lenders, until financial close (announced earlier this week).

The wind farm is comprised of 90 MHI Vestas V164-9.5 MW turbines. Offshore construction work will begin in the Greater Wash area of the UK in late 2019/Q1 2020. Once operational, the facility is expected to provide enough electricity to meet the energy needs of up to 800,000 average households annually.