CS WIND enters European offshore wind sub-structure
- Decided to acquire a 100% stake in ‘Bladt’, a Danish offshore wind power infrastructure company
- Accelerate business diversification by entering new offshore wind power substructure businesses
CS Wind, the No. 1 global wind tower company, announced that it would acquire Bladt Holdings A/S, a global offshore tower substructure producer. On the 10th, through the electronic disclosure system of the Financial Supervisory Service, it was announced that it would acquire a 100% stake in Bladt Holdings A/S for 26.9 billion won to advance into the global offshore wind power substructure market.
An offshore wind turbine consists of a superstructure composed of blades, turbines, and towers, and foundations such as a transition piece, monopile, and jacket that support it. The substructure is a support structure located at the bottom of the offshore wind turbine and installed on the seabed.
Established in 1965, Bladt produces all substructures including monopile, jacket, transition piece, and offshore substation (OSS, offshore substation). It has solidified its position as a specialized company related to wind power substructures. In addition, we maintain close relationships with major-level developers, the owners of substructures, and have more than 20 years of delivery to wind farms around the world. situation is put.
CS Wind has been recognized for its excellent quality, on-time delivery, and cost competitiveness in the global wind tower market. Through this acquisition, CS Wind actively transferred its world-class production management know-how and production technology to Bladt to build a global substructure. CS Wind plans to further strengthen our competitiveness in the market.
According to global research data, the demand for offshore wind power is expected to reach four to five times the previous level due to the acceleration of the installation of large offshore wind complexes such as Europe and the United States from 2025, and a shortage of substructure supply has already begun in the European market. As a result, CS Wind, which acquired a sub-structure producer with excellent production capacity and business power, is expected to leap forward as a global leader in the global wind industry by creating great synergy through the management know-how of the No. 1 global wind tower company and the best market competitiveness of the sub-structure leader Bladt.
Recently, governments from the EU, the US, and Asia are announcing renewable energy development policies. In particular, offshore wind power is easy to secure a site for large-scale power generation, and new and renewable energy is expected to have a competitive advantage compared to other energies in terms of future power generation efficiency. It is the most popular among all energies.
An official from CS Wind said, “As demand for offshore wind power is expected to grow explosively over the next 10 years or more, this acquisition will be a historic turning point for CS Wind to expand its scope from wind tower business to offshore wind power substructure business in all directions.” “As the demand for ultra-large substructures of 3,000 tons or more is expected to continue to increase, we will further expand our leading market dominance in the superstructure and substructure business within the offshore wind power supply chain.”