CMIC Ocean En-Tech Holdings Co. Ltd. (CMIC) and Dutch offshore lifting equipment provider KenzFigee have signed a strategic cooperation agreement targeting the offshore wind market in China with the offering of gangways and installation cranes.
The products such as gangways and installation cranes provide critical solutions and are presently available only after long delivery lead times and are in short supply for offshore renewable energy projects, said CMIC, adding that the strategic agreement would close the gap to meet the demand in the Chinese market for these products.
“The signing of the Strategic Agreement brings together the strengths of both companies to provide complementary factors of specialised technology, manufacturing capabilities, and project financing to fill an opportune supply gap “, said Jiang Binghua , CEO of CMIC.
“The rich experience KenzFigee brings with its past operations and maintenance services in the North Sea and Southeast Asia will add significant value to the markets in China and the East Asian region”.
KenzFigee offers crane and equipment services worldwide, supporting clients from equipment selection to product design, production, assembly, testing, installation, commissioning, as well as after-sales service and maintenance.
The company has worked on several major offshore wind projects in Europe such as Neart na Gaoithe in France and Sofia offshore wind farm in the UK.
According to KenzFigee and CMIC, the market for global offshore wind power is estimated to exceed 90 GW within five years.
In terms of operational capacity, China leads with 24.5 GW, according to RenewableUK’s latest EnergyPulse market intelligence data report.
The companies have cited a report by GWEC saying that in the next five years (2022-2026) China’s domestic offshore wind power installation will steadily increase and is expected to add 39 GW of installed capacity.
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