CMIC and KenzFigee ink cooperation agreement for offshore wind in China

CMIC signed a Strategic Cooperation Agreement with a Dutch provider of on- and offshore lifting solutions, KenzFigee.

This is consistent with CMIC’s goal of growing their company as a reputable supplier of tools like installation cranes and gangways for China’s renewable energy market. In the strategic agreement, it is stated that key highly engineered and in-demand products, which are essential to the development of offshore renewable energy projects, will be shared technologically.

For offshore renewable energy projects, these products are in short supply and currently only available after lengthy delivery lead times. The Strategic Agreement will be signed, which will not only fill the demand gap for these products in the Chinese market but also give both companies a strong platform to highlight their respective product strengths that are necessary to meet net zero carbon emissions goals, particularly in China.

CMIC is utilizing these technologies and experiences to provide equipment, products, and services to offshore wind power installations, operations, and maintenance projects. CMIC has over 25 years of experience and a strong track record in the offshore industry. For the global offshore marine renewable energy sectors, KenzFigee offers complete solutions.

Offshore wind growth in China

Within five years, it is predicted that the market for offshore wind energy will surpass 90GW. Approximately 26GW of the total installed offshore wind power capacity worldwide are currently in operation in China. According to GWEC, domestic offshore wind power installation in China will steadily rise and is expected to add 39GW installed over the next five years (2022-2026). One of the main drivers of this expansion continues to be the demand for offshore wind energy. Offshore installation vessel owners have higher demands for their vessels’ adaptability for cost-effective operations and maintenance as a result of the expansion of the offshore wind power market.

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