January 24 (Renewables Now) - Danish consultancy K2 Management will perform construction monitoring for the third 1.2-GW phase of the Dogger Bank offshore wind farm project in the UK for the next four years, after completing its pre-financial close due diligence work as lender’s technical advisor (LTA).
K2’s job on the Dogger Bank C phase will be to ensure that permitting, design, manufacturing and construction expenditure progresses in line with project lenders’ assumptions, the firm said.
K2 was awarded the same assignment for the first two phases of the 3.6-GW Dogger Bank offshore wind development. It has been providing construction monitoring services on Dogger Bank A and B for about a year now.
The Dogger Bank C project is owned by a 50/50 joint venture between UK’s SSE Renewables and Norway’s Equinor ASA (NYSE:EQNR). The two companies achieved the financial close for the phase three in December 2021, about a month after agreeing with Italian oil-and-gas major Eni SpA (BIT:ENI) to sell it a 20% stake in the project.
SSE Renewables, Equinor and Eni are already joint venture partners in Dogger Bank A and B, which they split 40:40:20.
The Dogger Bank complex, set to become the world’s largest offshore wind farm, will be constructed in phases with the last one seen to finalise in 2026.