Wind

CS Wind to buy Danish offshore wind infrastructure firm Bladt Industries

South Korean wind tower giant to advance into offshore wind substructure business

Transition piecs by Bladt Industries for Hornsea 2 array off the UK.
Transition piecs by Bladt Industries for Hornsea 2 array off the UK.Foto: Bladt Industries

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.

“As the demand for ultra-large substructures of 3,000 tons or more is expected to continue to increase, we will further expand our leading market dominance in the superstructure and substructure business within the offshore wind power supply chain.”

Bladt Industries interim CEO Michael Glavind added: “Having an owner who already knows and understands the offshore wind market and the complexities of steel construction will benefit us – and therefore also our customers – tremendously.”

Bladt said CS Wind is the world’s leading wind tower manufacturer.

The acquisition is subject to certain closing conditions, including relevant regulatory approvals.

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Published 10 July 2023, 13:47Updated 10 July 2023, 13:51
EuropeAsia-PacificSouth KoreaDenmarkBladt