Roermond, The Netherlands,
14
September
2017
|
07:00
Europe/Amsterdam

Sif and Century Wind Power intend to join forces for Taiwanese offshore wind market

Summary

Sif Holding N.V. (Euronext symbol SIFG / ISIN code NL0011660485) - Regulatory news

Sif Netherlands B.V. and Century Wind Power Co. Ltd announce their intention to join forces for the Taiwanese offshore wind market.

The Taiwanese offshore wind market is developing rapidly and the Taiwanese government's renewable energy policy aims to achieve a status of "non-nuclear homeland" by the end of 2025. The goal is to install 3 GW of offshore wind capacity by 2025. Century Wind Power Co. and Sif want to contribute jointly to this ambitious target.

For that purpose, the parties have signed a letter of intent, confirming their objectives and investigating the possibilities of a joint venture to offer and produce monopiles and transition pieces for the Taiwanese market. Until the Taiwanese market demonstrates a structural demand for offshore wind monopile foundations, sections will be manufactured at Sif's locations in The Netherlands to be assembled and coated by Century in Taiwan

About Sif Holding N.V.

Sif is a leading manufacturer of large steel tubulars, which are used as foundation components for the offshore wind and offshore oil & gas markets. The Company manufactures customised tubular components for offshore foundations, predominantly in the greater North Sea region. Sif combines a highly automated and flexible production facility with technology leadership in rolling and welding of heavy steel plates, which is based on over 70 years of experience and innovative in-house developed techniques and processes. Sif primarily produces monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines, as well as legs, pile sleeves, and piles of the larger jackets for oil & gas as well as tubular structures for various uses such as jetties.

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