Sif was contracted to manufacture 54 monopiles and 54 transition pieces for the 816 MW Empire Wind 1 and 84 monopiles for Empire Wind 2. The company was also in exclusive negotiations for the manufacture of the transition pieces for Empire Wind 2 as well.
Sif has removed the contracted capacity from its order book and, under the terms of the contract, is entitled to compensation in the case of the contract being cancelled. Furthermore, the termination will affect the sequence of manufacturing for 2025 and 2026, but the financing of the expansion of the manufacturing facilities at Maasvlakte 2 in Rotterdam remains secured with the share of the advance factory payment for Empire Wind 2 converting into a perpetual bond, according to Sif.
