CS Wind to buy Danish offshore wind infrastructure firm Bladt Industries - Recharge
CS Wind to buy Danish offshore wind infrastructure firm Bladt Industries | Recharge
South Korean wind tower company CS Wind has reached a deal to buy 100% in Danish offshore wind power infrastructure company Bladt Industries from private equity firm Nordic Capital.
Bladt, which produces monopiles, jacket foundations, transition pieces and offshore substations, recently had been awarded several major European offshore wind orders, such as for the transition pieces for Vattenfall’s Vesterhav Syd and Vesterhav Nord nearshore wind projects, which combined have a capacity of 350MW.
“As demand for offshore wind power is expected to grow explosively over the next 10 years or more, this acquisition will be a historic turning point for CS Wind to expand its scope from wind tower business to offshore wind power substructure business in all directions,” a CS Wind official said.
Related Knowledge Center: ENERGY BASICS: wind
Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent.