Full Year 2018 Results

Operational highlights:

Roermond (the Netherlands), 26 February 2019 - Sif Holding N.V. today announces that it has reached an agreement with RABO bank, ING, ABN AMRO, Euler-Hermes and Tokio Marine   concerning the refinancing of the Company. The new credit facility of € 350 million in total replaces the facility of € 250 million in total set to expire mid-2019. 

  • Agreement signed with Future Wind includes five years of testing and 15 years of service
  • Installation of Haliade-X 12 MW will take place during summer 2019

In response to the wind industry’s ambition to venture into deeper waters, lower the cost price, and generate more energy, stricter requirements are now being defined for coating. Added to that, the new design standard means that diameters will get bigger and the wall thicknesses of monopiles will be smaller. Given this new design trend, Sif has decided to adapt its production facilities in Roermond and the Maasvlakte.

The International Wind Energy Expo & Conference - abbreviated to Wind Expo - will take place between 27 February and 1 March 2019 in Tokyo, Japan. The choice of location is no accident – Japan is gradually making progress in the field of Offshore Wind in Asia, according to Peter Coppens, Manager New Business at Sif Netherlands. Sif will be there, and expects it to be a very interesting offshore wind energy expo.

From April 1st Sif Netherlands B.V. has a new operational director (COO) in the person of Frank Kevenaar and will be responsible for all operational activities, including production.