Triton Knoll Offshore Wind Farm
Everoze is pleased to have been technical advisor to J-Power in its acquisition, at the outset of the construction phase, of a stake in the 860MW Triton Knoll Offshore Wind Farm. Triton Knoll is a milestone project in the maturing UK offshore wind sector, using some of the world’s largest commercial wind turbines to deliver energy supported by a £74.75/MWh contract for difference secured under the UK’s second auction round. Development Bank of Japan will fund a part of J-Power’s investment by means of the preferred equity.
Everoze’s scope of work included due diligence across the project’s technical aspects and consenting, independent analysis of the project’s energy production and operational strategy, and detailed scrutiny of risk management arrangements. Colin Morgan, Everoze Project Manager for work commented: “Teamwork was an important feature of the work on Triton Knoll. For example, interface management is central to the successful delivery of offshore wind farms and Everoze worked closely with the legal advisors (CMS) to check out the robustness of those project controls. Similarly, by working closely with the financial advisors (JLL) we were able to dive deeply into the project costs to support clear and robust financial modelling.”
Ko Suenaga, deputy director of International Business Development of J-Power commented “We’re delighted to be joining the Triton Knoll project as part of our offshore wind programme and Everoze’s responsiveness and collaborative approach was a valuable aspect of reaching a successful conclusion on this transaction.”