Sif signs final monopile contracts for Bałtyk II + Bałtyk III offshore wind farms

Sif Holding NV confirms the signing of the final contracts for the supply of 100 monopiles to the joint venture of Equinor and Polenergia for the Bałtyk II and Bałtyk III offshore wind projects in the Polish exclusive economic zone of the Baltic Sea.

Manufacturing of the monopiles is scheduled for the second quarter of 2025 with completion in the quarter of 2026 and commissioning of the wind farm scheduled for 2027.

The Bałtyk II and Bałtyk III wind farms will be located about 27 and 40 km from the port of Łeba. The wind farms, with each 50 wind turbines, will have a total capacity of 1.44 GW. Polenergia and Equinor selected Siemens Gamesa SG 14-236 DD turbines. Earlier this month, Polenergia and Equinor received the environmental approval for the connection infrastructure of the projects, meaning the joint venture could start with the next phase of implementation.

The first energy from the Bałtyk II and Bałtyk III wind farms is expected to flow in three years. The commercial phase of their operation is scheduled for 2028. In Sif’s order book, 105 Kton is remeasured to 120 Kton and now moves from exclusive negotiations to firm contracts.

”I am delighted that we have now finalized the contracts for our first projects in the Baltic seas, offshore Poland. These are the first projects under the framework agreement we concluded with Equinor in support of the expansion of our manufacturing facilities in Rotterdam. We look forward to cooperate with Equinor and Polenergia and to make these projects a success as ones of the first projects in our new manufacturing set-up.”

Fred van Beers, CEO of Sif Holding N.V.

Expansion plans for manufacturing facilities

Sif traditionally serves the North-Western European markets and is exploring its global presence. The company has two highly automated and flexible production facilities in Roermond and Rotterdam (Maasvlakte 2).

In February 2023 Sif decided to invest an amount of €328 million in expansion of its manufacturing facilities at Maasvlakte 2. With the investment, Sif will more than double its production capacity to 500 Kton to create the world’s largest monopile manufacturing plant.

The project is financed with €100 million advance payments from launching clients (Empire Wind and Ecowende), €50 million preferred equity from Equinor, €50 million ordinary equity from a rights issue in July 2023, €81 million from a term loan and €40 million from a lease facility. The execution of the expansion project started in April 2023 and the first production is scheduled for July 2024. The work is expected to be completed in January 2025. Source: Sif

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