K2 Management has signed a framework agreement to provide consultancy on the development of a pipeline of offshore wind projects in the Baltic Sea, by a regional developer.
Estonia-headquartered independent power producer Sunly has contracted K2 to undertake pre-development studies and research for its offshore wind projects in development.
K2 will advise the offshore developer “strategically and tactically in the Baltic Sea”, including in the coming auctions.
According to WindEurope, the Baltic Sea could host as much as 93GW of offshore wind by 2050.
“The Baltic States are in an excellent position to deploy offshore wind farms in the Baltic Sea, but the countries have yet to tap into this significant offshore wind potential.
“This is about to change, and K2 Management is proud to provide its technical expertise, while leveraging its global offshore wind experience to make that happen,” said Lars Hammershoj, co-founder and owner of K2 Management.
Sunly chief executive and co-founder Priit Lepasepp added: ”We believe that now is the time to deliver big-scale renewable energy projects that both improves energy security and contributes to the green transition.
“That is why Sunly’s experienced team is developing offshore wind parks in the Baltic region, and we are happy that K2 Management will be part of this journey.”