K2 Management to Build Global Installation Offshore Database

May 05, 2014, 07:22 ET from K2 Management

BOSTON, May 5, 2014 /PRNewswire/ --

The Energy Department's National Renewable Energy Laboratory (NREL) has engaged K2 Management to build a global installation database for offshore wind.

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The objective is to provide NREL and thereby the US wind industry with easy accessible data on installation times, correlation effects, implications and processes to secure use of best practice and avoid delays and cost overrun on all the planned US offshore wind projects.

K2 Management has been selected to build the database on the basis of its in-depth industry experience and insights in global offshore wind projects.

To this date 62 offshore wind farms globally have been commissioned and 18 are in installation. Overall K2 Management staff has been directly involved in more than half of them.

"We will use a mix of public available data, anonymous internal project data and interview K2 Management staff to map real experienced time consumption and pitfalls in the various parts of these projects. The ambition is to get as much validated data as possible in the database, so we can service all main aspects and differentiate for example between jackets and monopiles," Carsten Jensen, Managing Director of K2 Management in the US, explains and continues:

"We are very much looking forward to working together with NREL and servicing the US wind industry."

K2 Management has commenced the project and work is scheduled until mid-July 2014.

About K2 Management

K2 Management supports its clients in their efforts to develop, improve and optimize wind projects to achieve the best possible return on their investment. Our global advisory and service offerings within wind project management and planning, risk and opportunity management make K2 Management a unique wind project consultancy covering the entire value chain; from the earliest phases of planning and development, to the actual construction and maintenance of wind projects.

K2 Management is headquarted in Denmark with 9 global offices and accumulated our experienced team has been involved in more than 600 wind projects - on and offshore - in 32 countries.

For more information, please go to http://www.k2management.eu or contact:

Managing Director in United States, Carsten Jensen at +1-(774)270-5982 or cpj@k2management.eu

Head of Marketing & Communications, Michael Holm at +45-50368517 or mho@k2management.eu

SOURCE K2 Management