K2 Management is currently carrying out comprehensive due diligence of the 500MW EnBW Hohe See offshore wind farm as part of its first full lenders’ technical advisor role for the project.
Having completed the initial “bankability” review, K2 Management is now focusing in detail on the key technical, commercial, construction, environmental and operational aspects of the project.
The first key milestone in the assignment will be finalization of the Bank Launch Report, which will play a central role in giving potential lenders the confidence to become part of the Project’s financing process, the company said.
K2 Management will then support lenders through finalization of the due diligence process in parallel with assisting with the ongoing de-risking of the project, which is already employing a number of strategies to improve “bankability” and cost certainty.
Simon Luby , Global Director for Due Diligence Services at K2 Management, said: “We are very pleased to support EnBW and the project financing process for EnBW Hohe See, and it has been very rewarding to see K2 Management accepted by major banks and investors for the provision of this most demanding type of technical due diligence role. Since commencing our work on EnBW Hohe See we have successfully won several other LTA mandates, demonstrating clear confidence in our capabilities to support projects through to, and past, financial close.”