K2 Management

Lenders’ technical advisor and technical due diligence

K2 Management (K2M) has been engaged by the project as the lenders’ technical advisor for the wind farm. In this role K2M is using its experience in offshore wind to provide guidance to the Inch Cape team and prospective lending parties during project financing, with a view to continuing support to lenders for the duration of the agreed debt term through construction and operations monitoring. K2M is also providing technical due diligence on all aspects of the project design, delivery, operations and costs. K2M will further provide an independent financial-grade energy yield assessment for the project.

Outcomes

This role for Inch Cape strengthens K2M’s existing nearly 20 years’ experience in providing lender’s advisory service to offshore wind projects. The changes seen in the sector during recent years including global market conditions, supplier availability and technological developments requires consideration and review of innovative aspects to support prospective lenders’ understanding and risk evaluation of new challenges. With ever more sizeable projects in more extreme environments, both long-standing and emergent offshore wind developers and investors need – more than ever before – total clarity on the financial and development challenges that projects of this scale entail.

Inch Cape facilitated the due diligence process to date by providing clear documentation on strategy and business model decisions, and frequent, open communication between K2M and the relevant package managers to respond to technical queries and concerns. This enabled K2M to access the required detail and documentation on the project design to review all technical aspects of the wind farm. As an ongoing process, K2M looks forward to reviewing additional detail on the project as development continues, and add to its knowledge of global supply chain, project design and project execution.

Will Sheard, Director, Due Diligence & Analysis Services said:

 “Financing of offshore wind farms is a complex process which requires the cooperation and aligned objectives of many stakeholders, not least, the project team. K2 Management brings many years of experience as a lender’s technical adviser having secured financial close on many large and complex offshore wind projects around the world. But we can’t do it alone.

The positive interaction we have had with the Inch Cape team has allowed us to continue to progress the financing process while the project has had to adapt to the changing market and technical requirements of recent years. We are very pleased to be involved in this innovative project and look forward to continued cooperation and success. ”

February 2024

Barrington Energy

Decommissioning work leads to framework

UK-based renewable energy consultancy Barrington Energy offers comprehensive technical, commercial, safety, and scheduling support across each facet of an offshore wind project including foundations, cables, turbines substations, construction, and operations. For Inch Cape, the team secured a decommissioning scope and a marine study for crew transfer vessels (CTVs). For each scope Barrington Energy was able to draw from its experienced team and provide specialist resources on an ad-hoc yet tailored basis. Barrington Energy has since been awarded a three-year Owners Engineer Services framework agreement.

Outcomes

Leveraging the team’s specialist knowledge, Barrington Energy carried out a strategic decommissioning scope for Inch Cape, incorporating key stakeholder meetings, cost alignment and financial security planning, to meet a crucial project milestone. The consultancy also conducted a marine study for CTVs, which covered a diverse set of requirements. Building on the success of these early works Barrington Energy was awarded a three-year Owners Engineer framework agreement. This appointment solidified a long-term partnership and demonstrated how, through provision of expert services and quality results, further opportunities arise, relationships develop and businesses within the sector evolve. Through its series of specialised work scopes, project management skills and ability to tailor deliverables to the client’s needs. Barrington Energy has contributed to Inch Cape’s continued progress and expanded its own offering.

Stuart Brand, Director of Barrington Energy said:

 “The award of a three-year contract by Inch Cape through a competitive tender process was validation of our previous work on the project and confirmation of the value placed on long-term partnerships. Our team is passionate about contributing positively to the renewables sector and its clear those at Inch Cape share the same values.”

February 2024

Xodus Group

Developing the Inch Cape Supply Chain Plan

Xodus Group (Xodus) supported Inch Cape in the development and drafting of its successful supply chain plan (SCP) for the fourth Contracts for Difference Allocation Round (AR4). Xodus worked to identify key impacts of the project’s existing supply chain, and community and skills engagement within the required framework, showcasing its benefits and priority actions realised. Xodus also provided guidance and support on the calculation of UK content, coordinating with the project’s key package managers.

Outcomes

The Xodus team was able to leverage the experience it had with Inch Cape’s AR4 SCP, for work on supply chain development statements (SCDS) for the ScotWind leasing round process, transferring its expertise into a different framework and narrative context. Xodus has since supported several offshore wind projects leveraging further experience and the team’s track record and shifting its offering to strategic and due diligence scopes.

Inch Cape provided important learning opportunities around challenges, potential barriers and suitable mitigation actions in the development of supply chain plan narratives. This, combined with the close and frequent communication with the Inch Cape team, also provided a supportive and fruitful environment for hands-on training of renewables consultants. Xodus appreciated the collaborative and coordinated approach with Inch Cape, enabling effective project delivery to a successful outcome.

Comment from the Commercial Project Manager in-post at the time: “Preparation of the Inch Cape Supply Chain Plan required very rapid assimilation of a huge amount of project information, followed by analysis and compilation of a comprehensive and persuasive plan against demanding timescales. Xodus achieved this and produced a high-quality plan which enabled a commitment to realistic targets and led to obtaining approval from government.”

Quote from the Xodus Project Sponsor:

 “Whilst the “fast track” requirements of this project were complex and multifaceted; Inch Cape was a pleasure to deal with and provided Xodus with timely provision of support and information for the duration of the scope. The successful completion of this scope, and the excellent relationship built, led to a further 18 months of project management and engineering support”.

January 2024

SLPE

Designing Inch Cape’s turbine foundations and substructures

SLPE is delivering the design of the wind farm’s wind turbine generator foundations and substructures. Since 2020, SLPE has been driving the development of concept studies, front-end engineering, and detailed design to inform significant project decisions such as the selection of substructure concept and associated design parameters. Currently in the detailed engineering phase, the SLPE team is working in close collaboration with the project supply chain to mitigate technical risks and complete the turbine substructure design package in readiness for the construction phase.

Outcomes

The SLPE design team comprises multi-discipline engineers, technicians, and project staff based in the UK. The Inch Cape contract award has enabled SLPE to grow its team size steadily over the past three years, recruiting and developing exceptional talent with experience in the design of offshore structures for UK waters and beyond. Not only has this supported the transition of a skilled workforce into the offshore wind sector, it has also encouraged technical innovation to overcome new challenges arising from the complex nature of the site conditions as well as ambitious aspirations for the wind farm.

Inch Cape and other similar wind farm projects have catalysed SLPE’s investment in industry research and development, including collaboration with British universities. An example of this is the company’s partnership with the University of Nottingham to develop an enhanced diagnostic monitoring system which will support the future life extension of wind farm installations. SLPE also actively invests in the development of proprietary technology that seeks to push technical boundaries in substructure and foundation design, adding value to projects such as Inch Cape.

Melvin Lau, Business Development Manager of SLPE said:

“Inch Cape is one of SLPE’s most important contracts. It has enabled us to invest in a highly skilled design team at the forefront of the offshore renewables industry. This has in turn benefitted Inch Cape with cutting-edge expertise and technology that seeks to maximise technical and commercial opportunities for the project.

“We are proud to be working alongside the Inch Cape team in a collaborative spirit to deliver this significant project for Scotland and the UK.”

SLPE’s team is developing Inch Cape’s turbine foundation and substructure design

January 2024

ForeCoast Marine (JBA Consulting)

Using innovative planning software to optimise Inch Cape

ForeCoast®  Marine is a strategic and operational planning software system used by project designers, developers, owners and operators to design, optimise and manage complex offshore wind projects. It was developed in-house in the UK by JBA Consulting (JBA) – a family of environmental, engineering and risk management companies and one of the world’s leading consultancies in this field.

ForeCoast®  Marine has been utilised by Inch Cape to inform the project’s offshore installation phases and help shape the design of the project.  The software system has simulated the project’s key offshore asset-component installation phases including: foundations, inter-array cables, offshore substation platforms, export cables and wind turbine generators.

Outcome

Through these simulations, the performance of proposed strategies will be compared quickly and reliably against key metrics such as capital expenditure, operational expenditure, programme and weather, technical or logistical downtime.  This will help to de-risk the project, maximise its performance and ultimately increase profitability. The innovative simulation software allows multiple strategies to be compared efficiently and robustly, shaping the project in many ways, potentially saving time and money.

The Inch Cape work has given the company valuable modelling experience for all stages of construction of an offshore wind farm (foundations, turbines, inter-array cables and export cables). It has also helped streamline elements of the work including the key model input template.

Laurie Wilkinson, Senior Met Ocean Analyst said:

“It has been interesting and enjoyable to work closely with the Inch Cape installation team. They are engaging and personable, yet they challenge us constantly and are diligent in their work. We have learned a lot about what is important to making their project a success in the process.”

January 2024

 

Innovair

Aerial monitoring of substation site

Innovair conducts weekly drone flights of the under-construction substation site at Cockenzie in East Lothian. As part of two-year contract scope deliverables are aerial imagery and edited video flyovers ensuring site management has a comprehensive snapshot of the progress at the substation. Drone flights are conducted on site liaising with the various project managers to ensure safe flights are coordinated with operations that are being carried out simultaneously on site.

Outcome

Due to the contract win, Innovair established a new base in East Lothian and created two new positions, hiring two people in this region. Innovair provides a range of specialist inspection services which are delivering accurate, repeatable data to those assembling, transporting, installing and commissioning offshore wind farms. With this strategic location, Innovair can effectively support the development of this project and other offshore wind farms including the likes of: Seagreen, Berwick Bank and Neart na Gaoithe, as well as other energy-related facilities.

Andrew Johnston, Inspection Director of Innovair said:

“This is a significant contract for Innovair, and we are thrilled to be working with Inch Cape Offshore Wind Farm on this local project. We are excited about the growth opportunities this contract presents for our new base in East Lothian, demonstrating the increased need for robotic solutions across the wind sector.

As well as supporting Inch Cape throughout their project timeline, it will also allow us to better serve projects in the Forth & Tay region and enable us to respond more effectively to the needs of our clients.”

December 2023

Natural Power (Consultants Ltd.)

Providing fisheries liaison services

Natural Power is a Stirling-based consultancy providing fisheries liaison services for Inch Cape Offshore Limited (ICOL), communicating with and providing information between the company and the fishing industry and vice versa from 2018 to present. During this time, it developed the scope of work for fisheries liaison, helping to define key roles and responsibilities for both the company and the representatives of the fishermen in the area. It drafted a board paper to secure approval from the board of ICOL and a proposed budget to carry out fisheries liaison and mitigation payments. Natural Power is also in the process of writing ICOL’s Fisheries Management and Mitigation Strategy (FMMS).

Outcome

Liaison between offshore wind developers and the fishing community is a relatively recent requirement as more offshore wind is proposed, and begins construction, in UK waters.  Natural Power has been working with the offshore wind industry for more than 20 years and has built positive and trusted relationships with many of the major stakeholders involved.  It has developed a clear understanding of the needs of both developers and the local fishing communities and has helped to streamline the process and communication channels required to carry out surveys and construction activities in traditional fishing areas.

This has created a whole new area of growth offshore as ex-fishermen have assumed the roles of Offshore Fisheries Liaison Officers (OFLOs) and Fisheries Industry Representatives (FIRs) as well as employing fishing vessels to guard development sites and carry out surveys identifying fishing gear in the area. Natural Power has been instrumental in their development by providing induction documentation and training to increase their knowledge of offshore wind and the requirements of those developing new sites.

Peter Berney, Principal Environmental Consultant at Natural Power said:

“Natural Power looks forward to continuing to work proactively with both developers and the fishing communities to maximise benefits for all“

December 2023