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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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<figcaption>A Chinese-built offshore turbine off Fujian (Goldwind)</figcaption>
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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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<a href="https://www.maritime-executive.com/article/uscg-marks-milestone-with-ac…; target="_blank" class="font-firasans">USCG Marks Milestone with Acceptance of 55th Fast Response Cutter</a>
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&nbsp;

Bollinger Shipyards and the U.S. Coast Guard marked a milestone on Thursday as the Louisiana-based shipbuilder delivered the 55th Fast Response Cutter?in a program that began 15 years ago and which the USCG expects to continue for several more years. The Fast Response cutter, known as the Sentinel class, has become cutter is a key component of the Coast Guard&rsquo;s offshore fleet.

The program launched in 2008 as a replacement for the aging Island-class 110-foot patrol boats. The Coast...
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<a href="https://www.maritime-executive.com/article/bulker-chartered-by-cargill-…; target="_blank" class="font-firasans">Bulker Chartered by Cargill Lightly Damaged by Likely Black Sea Mine</a>
</h2>

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&nbsp;

Media reports from Ukraine are saying that a bulker departing the port of Pivdennyi (Yuzhne) reported an explosion that was likely caused by a floating mine. While the vessel is reported to be lightly damaged and proceeding under its own power, it came as efforts were underway to introduce a new war risk insurance program to encourage more ships to undertake grain exports from Ukraine and Russia also reported that it has commenced grain exports.

According to unnamed Ukrainian...
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<a href="https://www.maritime-executive.com/article/new-eu-waste-rules-open-door…; target="_blank" class="font-firasans">New EU Waste Rules Open Door for Ship Recycling Says Danish Shipping</a>
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The European Parliament and the Council reached political agreement yesterday, November 16, on sweeping new rules designed to place stronger controls on the export of waste and create greater barriers to prevent exporting waste to countries not able to handle the materials. Hailed for its efforts at preventing pollution and environmental inequalities around the world, Danish Shipping highlights that the agreement also &ldquo;opens the door for responsible recycling of EU-flagged ships,&rdquo; at a time when the shipping industry is expected...
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Published
Nov 17, 2023 4:54 PM by
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The Maritime Executive
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The decommissioning process for the n/s Savannah, the world&rsquo;s first nuclear-powered merchant ship is well underway with the U.S. Maritime Administration recently jointly publishing a Notice of Availability and a Request for Information. MARAD reports that the dismantlement and removal of major systems, structures, and components that were part of the ship&rsquo;s nuclear power plant is complete and they have set February 16, 2024, as the deadline as they seek to determine preservation interest from entities that may wish...
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<a href="https://www.maritime-executive.com/article/marad-seeks-preservation-pro…; target="_blank" class="read-more">Continue Reading...</a>
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