Thailand based wind developer & investor, Inter Far East Wind International Company Limited (IWIND), has hired K2 Management (Denmark) to perform a technical due diligence of an existing wind farm based on Jeju Island in South Korea. IWIND is planning to acquire a certain portion of the wind farm owner’s equity.
K2 Management provides insights to wind farm investment, offering due diligence services for wind power projects, based on practical knowledge and focused advice.
K2 Management will utilize its experience in Project Management, Contract Management and O&M Management in the wind industry to perform a complete technical due diligence of the wind farm project. Scope of work includes:
- Site visit to review wind farm and WTG operating conditions
- Visual inspection of WTG(s)
- Review of OPEX and serivce contractual conditions
- Preparation of technical due diligence report and future OPEX-estimates
“We are looking forward to support IWIND in its investment decisions. K2 Management’s Korean staff has been involved in the local wind industry from the very beginning, giving us a market leading insight in the local market,” K2 Management Korean Country Director Jung Kwang-Woon comments.
K2 Management’s experts have advised clients on projects around the world, from onshore wind in SE Asia to some of the world’s largest offshore wind projects. With hands-on experience which covers the full project life cycle the Danish consultancy firm brings practical, value-adding advice regardless of the stage of development or operation of any investment.
K2 Management can also give clients direct support at all further stages of the project’s life, to ensure ongoing technical expertise is available to you whenever it’s needed.