K2 Management Reveals Dogger Bank Role
K2 Management is working as Lender’s Technical Advisor (LTA) on the Dogger Bank Creyke Beck A and B Wind Farms, two of the three projects which make up the Dogger Bank development.
In September, all three wind farms, which make up the Dogger Bank development, were selected in the Contracts for Difference (CfD) allocation round three by the UK government.
The projects will have a combined capacity of up to 3.6GW, making Dogger Bank the largest wind farm in the world.
The next project milestone is a financial investment decision (FID), which is expected during 2020 for Creyke Beck A and B.
Olly Cass, Dogger Bank Finance Director, said: “We appointed K2 Management because of their expertise in due diligence, understanding of banks’ requirements and extensive track record in global offshore wind projects and will look forward to working together on this groundbreaking project. We are looking forward to taking these projects through a successful final investment decision with the shareholders and then to Financial Close.”
K2 Management has been supporting the project as LTA for more than a year and will continue in that comprehensive role on behalf of project owners, SSE and Equinor.
“We are delighted be appointed as LTA on two of the Doggerbank projects and will look forward to supporting them through the financing process,” Senior Consultant at K2 Management, Steve Hall, said.
”Auction prices demonstrate the progress that offshore wind has made in cost reduction and the maturity of the UK market, and we look forward in aiding lenders in making their analyses of these exciting projects.”