FOLLOWING reports that Jacob Rees-Mogg is preparing to shake up government outsourcing as part of his new role as minister for Brexit opportunities and government efficiency, an industry heavyweight has said that while the rhetoric around such changes can be incendiary, there is a real need for social value principles
Oxford-based construction firm Beard is replacing 28 historic columns as part of a major refurbishment of a Grade I listed building, within the grounds of one of the UK’s most important architectural sites. The family-run firm, which specialises in the education sector, has been onsite from July at St
GLP, a leading investor and developer of logistics warehouses and distribution parks, recently announces that it has acquired a site in Trafford Park, south-west of Manchester city centre, totalling nine acres. The site is currently occupied by Tenmat, a leading manufacturer of advanced materials and components who is subsequently relocating
West Midlands Mayor, Andy Street, visited the Balfour Beatty VINCI (BBV) Skills Academy at South and City College Birmingham’s Bordesley Green campus yesterday and welcomed the news that 3,000 more local people are set to benefit from employment opportunities on HS2. The Balfour Beatty VINCI Skills Academy, which sits within
The Council is set to spend around £128 million over the next 12 months as it continues to invest in improving Council homes and building new affordable homes in Edinburgh. At a meeting of the Housing, Homelessness and Fair Work committee on Thursday (24 March), Councillors agreed a comprehensive spending
The Heat Pump Federation and its members welcome the Chancellor’s decision to reduce VAT to zero rate on energy savings materials, including heat pumps. Bean Beanland, the HPF’s Director of Growth & External Affairs said: “We, in concert with others in the sector, have long argued that the tax regime
Build for the Future; East Midlands is back! The annual event is returning for its third year on Tuesday 17th May at the Lincolnshire Showground, following the successful event in September 2021. The event welcomed over 60 exhibitors from across the industry, and hundreds of delegates on the day. Hosted by
In 1959, eight dairies in the Parmigiano Reggiano area founded the CCS Consorzio Caseifici Sociali. Over the years, the has business expanded to include the production and maturing of Parmigiano Reggiano. In 1995, the Granterre Consortium was established, bringing together the entire Parmigiano Reggiano dairy chain, and then almost ten
A joint venture between VINCI UK Developments Ltd and St. Modwen Ltd (“VSM”) has received planning permission for a 26-storey residential tower in Nine Elms, London. The scheme, known as Apex 1, will deliver 201 new homes as well as 5,250 sq ft of retail space on land released as
K2 Management, a leading international renewable energy consultancy, will consult on the development of a pipeline of offshore wind projects in the Baltic Sea, after signing a framework agreement with Sunly, the independent power producer in the Baltic States and Poland. K2 Management will undertake pre-development studies and research for
FOLLOWING reports that Jacob Rees-Mogg is preparing to shake up government outsourcing as part of his new role as minister for Brexit opportunities and government efficiency, an industry heavyweight has said that while the rhetoric around such changes can be incendiary, there is a real need for social value principles to be reviewed. Gerard Toplass, executive chairman of The 55 Group that includes social value specialists Loop, said: “Social value is something that everybody in the construction industry has an opinion on. “The Social Value Act itself has been around for a decade now but hasn’t really been fully adopted, but the Construction Playbook has made everyone re-examine their approach towards innovating in that field. “If you take Jacob Rees-Mogg’s comments* in that context, I think what he’s doing is trying to have a grown-up conversation about how we move this forward. There is clearly still an understanding within government that there is positive potential for every pound spent on procured projects, so this is unlikely to be a wholesale move away from social value, particularly as it is a key cornerstone of levelling up and achieving net zero. “However, there is a serious need for better understanding of the impact and outcomes from social value, as figures are often used up front to try and win bids but are then not adequately followed through on. “With a lack of quantifiable measurement, throwing big social value numbers around can sometimes be seen as an unfair advantage for larger firms that have the resources and teams in place. “For example, a large contractor with a 1,000-strong workforce could say at procurement stage that it will commit to using ten apprentices on a certain scheme, while a smaller firm of 100 employees says it can commit five. “The absolute numbers look better for the larger firm, but you could argue that the smaller firm is taking social value more seriously as it is a bigger percentage of its workforce. “This review is a chance for Mr Rees-Mogg and his team to look at finding ways to level the playing field when it comes to social value and start encouraging the industry to take a more macro approach to measurement. I would also like to see efforts to support SMEs that don’t always have the resources in bidding generally. We need to make it easier for all companies to demonstrate social value. “When a company sets out what it’s going to do at procurement stage, let’s start properly measuring its impact. Government procurement is a powerful tool to do good – the best procurement teams know this and will integrate outcomes and impacts in the way that best serves the local area.”
Oxford-based construction firm Beard is replacing 28 historic columns as part of a major refurbishment of a Grade I listed building, within the grounds of one of the UK’s most important architectural sites. The family-run firm, which specialises in the education sector, has been onsite from July at St John’s College, Oxford, to work on the £10m project to refurbish the 16th century Old Library and 17th century Laudian Library extension, located in the Canterbury Quadrangle. The columns are a central part of the historic Quadrangle and had been beginning to fail structurally, ruling out a cosmetic repair. Once it was clear the columns would need to be removed, Wright and Wright architects and the Beard team set out to find the right replacements. As a world-famous seat of learning and listed building it was essential to ensure the aesthetic of the new columns remained in keeping with the rest of the building, however the site where the original stone was quarried has long closed down. The stone for the original columns is Bletchingdon marble and was mined locally. By working with expert stonemasonry firm, Szerelmey and Wright & Wright architects, a carboniferous limestone, Swaledale fossil, was identified as the ideal replacement. As the stone is not commonly used in Oxford, approval from Oxford City Planning Department and Historic England had to be sought. After passing these approvals, the stone was quarried and carefully worked to shape. The columns are particularly important as Canterbury Quadrangle is one of the few remaining examples in the UK of the high baroque architectural style, dating back to the early 17th century. The project manager at St John’s, Jonathan Brock from Beard explained: “It is a massive honour to be entrusted to work on a building of such huge historical and cultural significance. As the columns are vital for the structure, it was crucial we found the perfect stone. “By working with the expert team at Szerelmey and the team at the College, we’ve found the ideal replacement that will ensure the aesthetic of the College remains, while ensuring it is structurally sound. “The building has to be temporarily propped while the columns are removed and despite all the planning we’ve done it is still a nerve-wracking experience to replace the columns.” Beard, which has won a number of contracts from the University of Oxford in recent years, was trusted with this historically important building due to the quality of work and faultless delivery for phase one of the project, and its track record in the wider education sector. Zoe Hancock, Principal Bursar of St John’s College, said: “A site of such national importance requires a high calibre of expertise and quality of work which Beard and the team have delivered. “The replacement of the columns is a significant step in the refurbishment of this exceptionally historic building and to ensure it remains safe and sound for future generations.” The final phase of work is expected to be finished by early 2023 and consists of refurbishment of the College’s existing Laudian Library and Old Library, with remodelling of an area known as the Paddy Room under the Old Library.
GLP, a leading investor and developer of logistics warehouses and distribution parks, recently announces that it has acquired a site in Trafford Park, south-west of Manchester city centre, totalling nine acres. The site is currently occupied by Tenmat, a leading manufacturer of advanced materials and components who is subsequently relocating to a site in Irlam at the end of 2022, and has significant redevelopment potential. Cushman & Wakefield advised Tenmat on the sale of the site and the relocation to Irlam. Trafford Park is the premier industrial estate in the North West, covering approximately 1,940 acres and employing 40,000 people. Trafford Park was the first purpose-built industrial park in the world and remains one of the largest industrial parks in Europe, accommodating over 1,300 businesses including Amazon, Unilever, P&G and DHL. Manchester is also one of the UK’s most thriving cities for business and commerce, with the Greater Manchester economy having doubled in size since 2000. The park has excellent connectivity by road, rail and air, strategically located within five miles of Manchester city centre and benefitting from good access to the national motorways network, Metrolink tram and light railway system, and airports including Manchester Airport (11 miles away) and Liverpool John Lennon Airport (27 miles away). The site is within a five-minute drive of junctions nine and ten of the M60 motorway, and the Manchester Freightliner Terminal also provides approximately 20 daily services to the UK’s deep seaports. Adrienne Howells, Development Director at GLP, comments: “This is an exciting opportunity to acquire an attractive site in one of the largest, most well-connected logistics parks in the UK and Europe. The site lends itself to multiple redevelopment opportunities, including reformatting as a large single unit of around 200,000 SQ FT or splitting into an arrangement of smaller units. GLP has been extremely active in the UK recently and this latest acquisition and development intention indicates our confidence in the North West region.” Rob Taylor, Partner at Cushman & Wakefield, comments: “This site represents one of the best opportunities to secure development land in a prime location in the region. There was strong interest in the site and we are delighted to have completed the sale on behalf of our client Tenmat and to achieve the result we have. We look forward to working with Tenmat and GLP over the coming months, as Tenmat starts the process of relocating to its new site in Irlam and a new future beckons for the Trafford Park site, with one of the most active developers in the UK at present.”
West Midlands Mayor, Andy Street, visited the Balfour Beatty VINCI (BBV) Skills Academy at South and City College Birmingham’s Bordesley Green campus yesterday and welcomed the news that 3,000 more local people are set to benefit from employment opportunities on HS2. The Balfour Beatty VINCI Skills Academy, which sits within one of Birmingham’s most deprived wards, first opened its doors in November 2021, as part of a dedicated drive to upskill local people ready for work on HS2. Since it opened with £1.1m backing from the West Midlands Combined Authority (WMCA), the Skills Academy has supported local people who were out of work into a job or onto further training in readiness for their chosen career path supporting HS2’s construction. Today, the Mayor and Cllr Ian Courts, Chair of the HS2 Regional Enterprise Board, and leader of Solihull Council, welcomed the news that the Skills Academy is gearing up to train more people, ready to transition into 3,000 jobs over the next four years with Balfour Beatty VINCI’s labour supply chain partners. The Mayor said: “One of the main reasons I fought so hard to secure HS2 for the West Midlands was the local jobs it would create, and so it is brilliant to see that coming to fruition now. “This exciting collaboration between Balfour Beatty VINCI and South and City College Birmingham, supported by our funding, is helping to give thousands of local people the opportunity to find high-quality and well-paid jobs as part of this once-in-a-generation infrastructure project. This Skills Academy is exactly the kind of initiative that helps those who have fallen out of work find employment as part of my 100k jobs plan.” HS2 Minister, Andrew Stephenson said: “HS2 is about boosting transport, driving business and creating thousands of long lasting jobs that will level up the nation. “Balfour Beatty Skills Academy embodies all of this, not only supporting local jobs but giving workers the opportunity to upskill for free and gain valuable experience working on Europe’s biggest infrastructure project.” The BBV Skills Academy is the first of its kind in the region, but plans are in place to open more centres across the Midlands, making it easier for local people to gain the free training, accreditation and support they need to begin a career on HS2. BBV estimates it will support circa 7,000 jobs to deliver its programme of work on HS2, and in the West Midlands, it is estimated that the construction of HS2 will generate a constant labour demand of around 10,000 jobs from now until 2027/28. Shilpi Akbar, Balfour Beatty VINCI’s Head of Skills, Employment and Education, said: “At Balfour Beatty VINCI, we remain steadfast in our commitment to providing employment opportunities for people across the region. It is one of our top priorities and a core reason we launched our Skills Academy at South and City College last year. “We want everyone – particularly those who are currently unemployed – to join us and realise the wide range of benefits that can be derived from a career in the construction and infrastructure industry; careers that will take shape and flourish while working to deliver Britain’s new high-speed railway.” At the Bordesley Green campus, thanks to BBV’s partnership venture with South and City College Birmingham, students can gain hands on experience in plant machinery operation, traffic and fire marshalling, alongside nationally recognised accreditation from the Construction Skills Certification Scheme. With no previous experience or skills required, students typically complete BBV’s specialist general operatives training programme in four to six weeks, enabling them to progress onto a paid work trial in their preferred construction career field. On successful completion of the trial, candidates are job matched to roles with BBV’s local labour providers, where they begin their career on HS2. In a short space of time, the programme has supported people of all ages and backgrounds who were formerly unemployed into work. René Nunes from Birmingham was unemployed for two years and was eager to find a job that provided long term security. Through HS2’s job brokerage partner model, which sees its contractors work closely with the Department for Work and Pensions (DWP) and National Careers Service to support local people who are out of work into a job on HS2, René was referred to the Skills Academy and onto the general operatives training programme. He is now working full time at HS2’s construction site in Water Orton and is a vital part of the facilities and maintenance team. René said: “I feel really privileged to have secured this job and to be working on a project of this scale. The sheer size of HS2’s construction programme is phenomenal and it’s great that I get to work at different sites and see it all coming together. “No two days are the same, which is what I really enjoy about my job, and I genuinely feel part of the team that is bringing HS2 to the region.” During the visit, guests were invited to meet with former trainees who have transitioned into employment, as well as students who have an expressed an interest in joining the next general operatives training programme. 35-year-old Imran from Sparkbrook in Birmingham lost his job during the pandemic. He’d always been interested in construction, particularly engineering and design. When he was given a flyer advertising the Skills Academy, and its free construction training programme, he jumped at the chance and registered for an induction. Imran completed his training in just six weeks and is now working with BBV’s surveying team at the Washwood Heath construction site which will be home to HS2’s train depot and control centre. Imran said: “I am passionate and proud to be contributing to HS2’s construction. As a member of the surveying team, I play a vital role in ensuring that designs are delivered to the exact specification and with precision. I work closely with the designers and engineers and really take pride in my job. Knowing that I am playing a part in
The Council is set to spend around £128 million over the next 12 months as it continues to invest in improving Council homes and building new affordable homes in Edinburgh. At a meeting of the Housing, Homelessness and Fair Work committee on Thursday (24 March), Councillors agreed a comprehensive spending programme for the year ahead. Under the plans, improvements will be carried out to more than 3,000 Council homes – making them greener, safer, and more accessible for generations to come. The investment plan will also drive forward the Council’s ambitious house building strategy, supporting the development, build and supply of even more sustainable and affordable new homes to address the city’s housing pressures and tackle the cost-of-living crisis. The Council aims to be one of the first local authorities in Scotland to pilot a ‘whole house retrofit’ approach to support the Council’s net zero carbon commitment. Councillor Kate Campbell, Convener of the Housing, Homelessness and Fair Work Committee said: We’re really scaling up our efforts to improve the condition of people’s homes and driving forward our housebuilding programme, so that residents can have permanent homes that are energy efficient, safe and affordable. Our ambition has been to deliver 20,000 affordable new homes by 2027 and we’re well on the way to achieving that despite the pandemic and Brexit, which have been really challenging for construction. And now we’re having to navigate a cost of living crisis, so we have set a rent freeze for our tenants to support them through this. But, longer term, all the work we’re doing now to make homes much more sustainable will also help us to drive down fuel bills. The steps we’re taking to make better use of shared greenspaces is also important for tenants’ wellbeing. Our investment plan for the year ahead will make a big difference to our tenants, both their quality of life in their homes, and to their cost of living. Councillor Mandy Watt, Vice Convener of the Housing, Homelessness and Fair Work Committee said: There are huge pressures on housing in Edinburgh and those on low incomes continue to be the most affected by high rents and high bills. Housebuilding has a role to play in providing more affordable and energy efficient homes, and to help us meet the city’s growing demand for accommodation. While funding and land supply remain two key challenges, we’re doing a lot of work to maximise the number of homes we can deliver. But we’re also investing in existing homes and revolutionising housing to provide safer, warmer, and more enjoyable places to live. As we carry out this work, there is a real opportunity to work with staff and Trade Unions to grow our in-house team and further strengthen our repairs service, to provide the very best customer service and value for money we can. This is a complex piece of work but we’re committed to exploring opportunities for upskilling and apprenticeships in the years ahead. I’m pleased officers are looking into a plan, particularly as we scale up our housing investment as we emerge from the pandemic and move forward with innovative ways of working to make people’s homes energy efficient. A report will be brought forward in three months’ time to explore this in more detail. The Capital housing priorities for the year ahead were agreed by members of the Housing, Homelessness and Fair Work Committee on Thursday (24 March) and are outlined in the 2022/23 Housing Revenue Account (HRA) Capital Programme report.
The Heat Pump Federation and its members welcome the Chancellor’s decision to reduce VAT to zero rate on energy savings materials, including heat pumps. Bean Beanland, the HPF’s Director of Growth & External Affairs said: “We, in concert with others in the sector, have long argued that the tax regime in the UK has favoured the burning of fossil fuels, so this is a particularly welcome measure. We also understand that all materials and services are included. This level of simplicity is essential for the installer community, many of which are micro-businesses that struggle with overly complex tax rules.” “Setting the intervention for five years gives future visibility which will encourage investment in both skills and capacity, by the whole sector in the UK. When taken in conjunction with the new Boiler Upgrade Scheme, which also starts on 1st April, domestic scale heat pumps are going to be that much more affordable for both homeowners and landlords. “ “Capital costs are only one half of the equation, operational costs for heat pumps do still have to be addressed through the rebalancing of taxation on electricity and fossil fuels that reflects the relative carbon and other emissions. But for today, the VAT outcome is to be celebrated and the Government commended for the message that this sends to consumers and to the industry alike.” For interviews/information, please contact Bean Beanland: 07393 399685 / bean.beanland@hpf.org.uk / www.hpf.org.uk
Build for the Future; East Midlands is back! The annual event is returning for its third year on Tuesday 17th May at the Lincolnshire Showground, following the successful event in September 2021. The event welcomed over 60 exhibitors from across the industry, and hundreds of delegates on the day. Hosted by Heritage Lincolnshire and Archaeological Project Services, sponsored by Arion & Arion Shop UK and working in partnership with the Lincolnshire Chamber of Commerce this event has already grown from the successful event of February 2020. The annual event is directly marketed and aimed at those within the Construction, Property, Heritage, Sustainability and Trade Industries across the East Midlands and its goal is to become the biggest in this UK region for supporting and connecting businesses. 2021’s event will showcase four zones; Heritage, Construction, Property Services and Adaption to Climate Change, where industry professionals will be exhibiting throughout the day for you to connect and network. Event Organiser and Business Manager for Heritage Lincolnshire, Hannah Thompson says, ‘Connecting businesses is so important following the past two years we have all been through. To be able to bring together local businesses and enable them to network, exhibit and learn all under one roof is just amazing. We wanted to make sure this event was accessible to all sizes of businesses which is why the prices are lower than average for an exhibition and we want to continue that ethos as we grow. We are really looking forward to bringing this event back to the Showground, bigger and better for 2021 and post Covid.’ Everyone is welcome to attend the day with over 60 exhibitors, a full talks programme and The Lincolnshire Chamber of Commerce will be hosting their monthly Construction and Property Network event free of charge which last year welcomed over 70 businesses. For the full list of exhibitors and information about the event, please go to www.buildforthefuture.co.uk To register to be a delegate please go to www.buildforthefuture.co.uk
In 1959, eight dairies in the Parmigiano Reggiano area founded the CCS Consorzio Caseifici Sociali. Over the years, the has business expanded to include the production and maturing of Parmigiano Reggiano. In 1995, the Granterre Consortium was established, bringing together the entire Parmigiano Reggiano dairy chain, and then almost ten years later, in 2004, control of Parmareggio Spa was acquired. In 2019 Bonterre Spa, the holding company under which the control of Parmareggio Spa and Grandi Salumifici Italiani Spa (controlled by UNIBON) was established. Then in 2021, Agriform Sca (leader in the production of Grana Padano PDO and the main Veneto PDOs such as Asiago, Piave, Montasio and Monte Veronese) merged with Parmareggio Spa to create the first Italian company in the world of PDO cheeses and cemented this new company as the leader in the Italian food industry. New company requires fire safety upgrade In 2021, the site at Sommacampagna required an upgrade of the fire detection system. Hochiki were the appointed manufacturers to supply the life safety system and devices due to their experience and expertise in the Italian fire safety market. Within food production sites, the temperature and humidity inside the environment must be carefully controlled to comply with food hygiene laws, and because of this, these sites can be notoriously complex buildings to design and install fire safety systems for. The customer was looking for a high-performance fire detection system that would not be affected by these environmental factors, and most importantly avoid false alarms which can halt production and cost the company thousands of Euros for every minute the site is not fully operational. The installation team also needed to pay particular attention to the installation of cables and piping. As a specialist in aged cheese production, it was imperative that the delicate work of the cheese wheels and the hot marking of the upper layer of the Parmesan rind was not affected during the installation project. One of the benefits to Hochiki products to this project was the ease of install and ease of use of the devices which had minimal impact on the business. To meet the requirements of the project, the installer NET Technologies Srl chose Hochiki’s market leading system L@titude to be the brain of the life safety system. This innovative fire detection technology combines the very latest hardware and software to produce a control and indication system which is powerful and sophisticated, yet simple to use and understand via a graphical interface. Mirko Corsini, project manager at Hochiki Italia, said: “The installer chose Hochiki’s L@titude panel together with our SPC-ET beam smoke detectors, which are characterised by low power consumption at rest and incorporate a sophisticated algorithm of automatic compensation to environmental changes. The technical features of these products make them perfect for meeting the needs of this type of food processing environment. The flexibility of the Hochiki ESP protocol made it possible, through the CHQ-SZM2/SCI Zone Modules, to integrate conventional detectors (SPC-ET) as if they were addressable devices, without having to use auxiliary power supplies that would have required additional cables and batteries.” Detectors with short circuit isolators were installed to ensure the system complied with the requirements of UNI EN 9795, which states that a short-circuit isolator must be installed for each room/compartment. Intelligent Photoelectric Smoke detector with SCI incorporates Hochiki’s newest High Performance Chamber Technology. This detector removes the need to use Ionisation Smoke Sensors in many applications. This also allows the sensor threshold level to be increased, thereby improving the signal to noise ratio, and reducing the likelihood of false alarms. Throughout the site Intelligent Loop-Powered Wall Sounder Beacons and Visual Alarm Devices were installed to ensure a fully compliant and state of the art fire safety system. Commenting on the project, Fabrizio Bergamin, Technical Coordinator at the installer company NET Technologies srl, said: “We chose Hochiki devices and system because of the technical characteristics and reliability that this brand offers, as well as a wide range of products that fully meet market demands. Post commissioning of the project, the operating conditions envisaged in the design phase have been amply met. Over the course of the next year, there will be further implementations of the fire detection system at the Parmareggio production site, with distributed intelligence solutions or with several autonomous and networked L@titude control panels. During the project we have had to deal with several technical design studios to solve various kinds of system problems; a fundamental role, together with the products they offer, is played by the Hochiki Italia technical support. They have responded competently to regulatory and design aspects, as well as proposed solutions for particular applications“.
A joint venture between VINCI UK Developments Ltd and St. Modwen Ltd (“VSM”) has received planning permission for a 26-storey residential tower in Nine Elms, London. The scheme, known as Apex 1, will deliver 201 new homes as well as 5,250 sq ft of retail space on land released as a result of VSM’s New Covent Garden Market redevelopment. This zone 1 site is adjacent to the Nine Elms Northern Line tube station and close to the new US Embassy, forming a key part of the Vauxhall Nine Elms Battersea (VNEB) opportunity zone. Designed by Glenn Howells Architects, Apex 1 is the first building of the wider Apex development site which has outline consent for a further 422 homes and 66,000 sq ft of commercial space. Apex 1 will be a highly sustainable, near net zero development. It incorporates an architecturally distinctive two-storey pavilion to house ground floor retail and a first-floor amenity area for residents, as well as a roof garden. The development will include significant public realm, providing a permanent landscaped pedestrian link (known as Merchants Way) between the Nine Elms Linear Park and Nine Elms tube station. The Apex site is one of four surplus land sites which form part of the ongoing transformation of New Covent Garden Market by the VSM partnership under a Development Agreement with Covent Garden Market Association. The overall redevelopment of New Covent Garden Market will provide for a rationalisation and transformation of the market site and will create a vibrant and distinctive new London District once complete. Nick Smith, Senior Development Manager at St. Modwen, said: “Apex 1 promises to be a high-quality new scheme for Nine Elms. This latest planning decision means we can deliver new homes for the area while achieving another important milestone for the transformation of New Covent Garden Market.” Graham Lambert, Managing Director of VINCI UK Developments, added: “This Planning Consent represents a key milestone for the VSM Partnership and the redevelopment of New Covent Garden Market, and highlights our key priority of designing sustainable developments which create a positive legacy.” –
K2 Management, a leading international renewable energy consultancy, will consult on the development of a pipeline of offshore wind projects in the Baltic Sea, after signing a framework agreement with Sunly, the independent power producer in the Baltic States and Poland. K2 Management will undertake pre-development studies and research for Sunly’s offshore wind projects and 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 and while Denmark, Finland, Germany and Sweden have made some inroads, a significant opportunity lies ahead for the Baltic States to enter the offshore market. “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 K Hammershøj, the Co-founder & Owner of K2 Management. Priit Lepasepp, the CEO and Co-founder of Sunly commented: “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.”