Sep 14 (Renewables Now) - Sif Holding NV (AMS:SIFG) plans a joint venture (JV) with a local partner to serve the Taiwanese offshore wind market.
The Dutch manufacturer of tubular components for offshore foundations has signed a letter of intent (LoI) with Century Wind Power Co Ltd, a subsidiary of Century Iron and Steel Industrial Co Ltd (TPE:9958), or CT, a Taiwanese steel structure manufacturer, according to a press release today. The two are exploring the option for a JV to offer and produce monopiles and transition pieces for the Taiwanese market. Sections will be manufactured at Sif's sites in the Netherlands, and assembled and coated by Century in Taiwan until the Taiwanese market shows a structural demand for offshore wind monopile foundations, the companies said.
Taiwan's offshore wind market is attracting interest as the Asian nation has a goal to install 3 GW of offshore wind capacity by 2025.