SIFG Sif Holding NV

Roermond (The Netherlands), Taoyuan City (Taiwan) 14 September 2017. 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

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