Ramboll Boosts Wind Division with K2 Management Acquisition

August 21, 2024, by Adnan Memija

Denmark-headquartered Ramboll has acquired its compatriot K2 Management, a global consultancy company specialising in wind and solar energy.

Following the acquisition, which is subject to customary regulatory approval, Ramboll’s global wind division will encompass over 900 people across 20 countries, adding a new local presence in Vietnam, Thailand, and Portugal.

Ramboll is said to be making progress towards its target of expanding its global wind business to over 1,000 people by 2025 in response to the growing demand in the global wind market.

“With offices on five continents, K2 Management already operates a cross-border approach to cater to the global need for high-end advisory to developers, lenders and investors in green energy. By joining Ramboll, we will deliver more innovative, holistic, and sustainable solutions”, said Lars K Hammershøj, co-founder of K2 Management.

Ramboll added that the acquisition enhances the company’s ability to provide services to clients worldwide across all stages of wind energy projects by combining Ramboll’s experience in the design and execution of wind projects with K2 Management‘s knowledge in strategic advisory and project development.

“By merging Ramboll’s decade-long engineering and design skills in wind projects with K2 Management’s leading role in project development and strategic advisory, our clear ambition is to create a true global leader that is well-positioned to support our clients in all phases of wind energy projects globally”, said Tim Fischer, Director of Ramboll’s global wind division.

“It is no secret that talent is scarce in these highly specialised areas, which is why welcoming such a great team of experts to Ramboll all at once is a major milestone.”

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Over the last three years, Ramboll developed the wind business from a primary foundation designer to a full-service wind consultancy combining advisory and engineering services. During that period, the division has been growing annually by approximately 25 per cent, said the company, and expanded its global footprint, opening offices in the US, Poland, Spain, the Netherlands, Japan, Korea, and Australia.

Regarding recent news from Ramboll, the firm was selected as the foundation designer for the Gennaker offshore wind project in Germany in July.

According to the Global Wind Energy Council (GWEC), wind growth needs to accelerate rapidly, with annual wind installations roughly tripling to at least 320 GW over the decade to meet the COP28 target of tripling renewable energy capacity.