Taiwanese company Century Wind Power and Bladt Industries from Denmark have signed an agreement to set up a joint venture to participate in the Taiwanese offshore wind business for the fabrication of offshore foundations.
The two companies claim that the new company Century Bladt Foundation will supply the market with mature European fabrication technology that will combine local and experienced steel construction fabricator.
The JV agreement is expected to significantly support the Taiwanese government’s goal to develop 5.5GW of offshore wind park projects.
Bladt Industries senior vice president Lars Kristensen said: “This agreement is an important milestone for Bladt Industries, Century Wind Power, and the Taiwanese upcoming offshore wind market.
“We have been working on this agreement for the last year, and we are convinced that with this setup we will be able to provide high-end quality structures to the market.”
With more than 30 years of steel structure fabrication experience, Century Group is the local part in the joint venture, while Bladt Industries is offshore wind foundation partner with an experience in installing more than 1500 foundations.
Century Wind Power chairman Wen Hsiang Lai said: “Together, we will move forward in the offshore wind energy industry, and once again bring Taiwan manufacturing to world-class standards.”
In February, Bladt Industries and Semco Maritime entered into a partnership with CSBC to produce and supply offshore substations for Taiwanese wind power market.
The Danish companies will produce and supply offshore substations together with the Taiwanese shipyard.
The Taiwanese government has proposed very ambitious targets to complete 5.5GW of large offshore projects by 2025.
Bladt said in a statement: “The Government has thereby sent a clear signal that offshore wind energy will play an important part of the Taiwanese energy supply in the near future.”