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BASF Chairman Claims Chinese Offshore Wind Turbines are "Better" - The Maritime Executive

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"articleBody": "The German industrial conglomerate BASF is a giant in the world of chemicals, and operates some of the largest and longest-running chemical parks in the world. It is so big that it can build utility-scale green power projects to power itself, and it has created an in-house subspecialty in wind farm development. The 1.5 GW Hollandse Kust Zuid offshore wind farm off the Netherlands will send half its output to BASF plants in Europe, and the 0.5 GW Zhanjiang wind farm off Guangdong will send all of its power directly to a new BASF chemical park. So when BASF chairman Martin Brudermüller told reporters that he prefers Chinese offshore wind turbines, he caught a good deal of attention - and criticism. 

“The Chinese are technically better than us, and they are also more cost-effective than us,” Brudermüller told Frankfurter Allgemein last week, speaking of turbine manufacturers in the EU and in China. &quot;There is a political discussion that wind power should not be the next [EU] technology to go away. I would tend to say: It’s already gone.”

Chinese turbines are generally about 20 percent cheaper, according to industry insiders. Buyers benefit from China&#39;s lower manufacturing costs, government support, economies of scale and intense domestic price competition.

While market leading European turbine maker Siemens Gamesa is taking a $2.4 billion financial hit for quality issues this year, Chinese turbine firm Goldwind has seen its profits plummet for the opposite reason: Goldwind reports that it has put so much money into R&amp;D and has cut its prices so deeply that it has left little for its own margins. Both companies are unprofitable, but Goldwind&#39;s customers are pocketing savings. 

According to Brudermüller, developers who buy wind equipment in China might also enjoy higher quality. “Take a really close look at it on site. They have simply become good with their products,&quot; he said of Chinese turbine builders. 

WindEurope, the industry body for EU equipment makers, pushed back on this notion in comments to Recharge. CEO Giles Dickson told the outlet that he was &quot;very surprised&quot; by the BASF chairman&#39;s remarks.

Siemens Energy CEO Christian Bruch, head of Siemens Gamesa&#39;s parent company, told analysts in an earnings call this week that Western companies like his do not generally have access to the Chinese offshore wind market. He suggested there should be controls on how much access Chinese competitors have to the EU market in order to create a level playing field.

&quot;We can keep pace with the Chinese and even beat them on the international level if we have the right solutions available to us,&quot; he said. 

Yesterday, Siemens Energy secured $12 billion in bank guarantees to support completion of its backlog of customer orders, backed by $8 billion in guarantees from the German government. S&amp;P has downgraded the company&#39;s debt to BBB-, one step above &quot;junk bond&quot; status, and the government support will ensure that it has access to financing for its production plans. 
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BASF Chairman Claims Chinese Offshore Wind Turbines are "Better"
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<p>The German industrial conglomerate BASF is a giant in the world of chemicals, and operates some of the largest and longest-running chemical parks in the world. It is so big that it can build utility-scale green power projects to power itself, and it has created an in-house subspecialty in wind farm development. The 1.5 GW Hollandse Kust Zuid offshore wind farm off the Netherlands will send half its output to BASF plants in Europe, and the 0.5 GW Zhanjiang wind farm off Guangdong will send all of its power directly to a new BASF chemical park. So when BASF chairman Martin Bruderm&uuml;ller told reporters that he prefers Chinese offshore wind turbines, he caught a good deal of attention - and criticism.&nbsp;</p>

<p>&ldquo;The Chinese are technically better than us, and they are also more cost-effective than us,&rdquo; Bruderm&uuml;ller told Frankfurter Allgemein last week, speaking of turbine manufacturers in the EU and in China. &quot;There is a political discussion that wind power should not be the next [EU] technology to go away. I would tend to say: It&rsquo;s already gone.&rdquo;</p>

<p>Chinese turbines are generally about 20 percent cheaper, according to industry insiders. Buyers benefit from China&#39;s lower manufacturing costs, government support, economies of scale&nbsp;and intense domestic price competition.</p>

<p>While market leading European turbine maker Siemens Gamesa is taking a $2.4 billion financial hit for quality issues this year, Chinese turbine firm Goldwind has seen its profits plummet for the opposite reason: Goldwind reports that it has put so much money into R&amp;D and has cut its prices so deeply that it has left little for its own margins. Both companies are unprofitable, but Goldwind&#39;s customers are pocketing savings.&nbsp;</p>

<p>According to Bruderm&uuml;ller, developers who buy wind equipment in China might also enjoy higher quality. &ldquo;Take a really close look at it on site. They have simply become good with their products,&quot; he said of Chinese turbine builders.&nbsp;</p>

<p>WindEurope, the industry body for EU equipment makers, pushed back on this notion in comments to Recharge. CEO Giles Dickson told the outlet that he was &quot;very surprised&quot; by the BASF chairman&#39;s remarks.</p>

<p>Siemens Energy CEO Christian Bruch, head of Siemens Gamesa&#39;s parent company, told analysts in an earnings call this week that Western companies like his do not generally have access to the Chinese offshore wind market. He suggested there should be controls on how much access Chinese competitors have to the EU market in order to create a level playing field.</p>

<p>&quot;We can keep pace with the Chinese and even beat them on the international level if we have the right solutions available to us,&quot; he said.&nbsp;</p>

<p>Yesterday, Siemens Energy secured $12 billion in bank guarantees to support completion of its backlog of customer orders, backed by $8 billion in guarantees from the German government. S&amp;P has downgraded the company&#39;s debt to BBB-, one step above &quot;junk bond&quot; status, and the government support will ensure that it has access to financing for its production plans.&nbsp;</p>

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<h2 class="title">
<a href="https://maritime-executive.com/article/china-is-building-carrier-size-i…; target="_blank" class="font-firasans">China is Building Carrier-Size Infrastructure at Cambodian Base</a>
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<p class="author datePublished">
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<p class="summary">
The U.S. military has warned of Chinese plans to build a large base at Cambodia&#39;s Ream naval station for years, but even these predictions appear to fall short of the true scope. New satellite photos show that a newly-built finger pier at Ream is large enough to host an aircraft carrier, and a drydock - the most costly and recognizable element of any major naval base - appears to be under construction at the south end of the complex, according...
</p>

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<a href="https://maritime-executive.com/article/u-s-navy-destroyer-shoots-down-d…; target="_blank" class="font-firasans">U.S. Navy Destroyer Shoots Down Drone Over the Red Sea</a>
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The destroyer USS Thomas Hudner has downed a suspicious drone over the Red Sea, according to the U.S. Department of Defense.&nbsp;

On Wednesday, as the Hudner was under way in the Red Sea, it &quot;engaged a drone that originated from Yemen and was headed in the direction of the ship,&quot; the Pentagon reported. &quot;The Hudner&#39;s crew engaged and shot down the drone to ensure the safety of U.S. personnel.&quot;&nbsp;

No casualties or damage to the ship were reported.&nbsp;

The incident...
</p>

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<p class="summary">
A leading expert on alternative energies and decarbonization in shipping explains why there is no silver bullet and what the path forward looks like.

Tell us about yourself &ndash; your background and education.

I&rsquo;m German, grew up in Germany and &ndash; after my A-Levels &ndash; decided to study Mechanical Engineering at the Ruhr University of Bochum. I also spent a year at the University of Sheffield as part of the Erasmus student exchange program (partly to improve my English) before...
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<h2 class="title">
<a href="https://maritime-executive.com/article/classic-tug-caps-a-50-year-caree…; target="_blank" class="font-firasans">Classic Tug Caps a 50-Year Career With a Cocaine Run</a>
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<p class="author datePublished">
Published
Nov 15, 2023 10:12 PM by
<b>
<a href="https://maritime-executive.com/author/marex&quot; class="color-2 font-roboto">
The Maritime Executive
</a>
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<p class="summary">
An aging tugboat has ended its career in style with one last voyage as a drug-runner, according to authorities in Tenerife. The 50-year-old oceangoing tug Sea Paradise spent decades working for Hess, but her most recent operator allegedly decided to use the hardworking vessel to transport 2.3 tonnes of cocaine.

Sea Paradise began life as the Turquoise Bay, a large 1,100 GT tug built for Amerada Hess. She was delivered by&nbsp;the now-defunct Yarrows yard in Esquimalt, British Columbia...
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<a href="https://maritime-executive.com/article/classic-tug-caps-a-50-year-caree…; target="_blank" class="read-more">Continue Reading...</a>
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