The world’s largest monopile foundation manufacturing plant
Sif Holding has announced its USD 352 million Final Investment Decision to construct the world’s largest monopile foundation manufacturing plant in Rotterdam, the Netherlands. Construction is expected to start in April 2023.
Once the expanded manufacturing plant is fully ramped-up, which is expected in the first half of 2025, the total combined capacity of Sif will be increased to 500,000t a year and upgrade Sif’s capabilities to manufacture the equivalent of 200 XXXL, 11m diameter, 2,500t reference monopile foundations a year;
Two launching customers, one of them being Ecowende (a joint venture of Shell and Eneco), together have committed to 348,000t of production (booked or in exclusive negotiation) bringing the present total orderbook to 662,000t. A long-term capacity reservation framework agreement with Equinor is in place while a second long-term capacity reservation framework agreement is currently being negotiated, which signifies strong commitment from both our customers and the market.
These launching orders and long-term capacity reservation framework agreements result in strong visibility of future projects and provide significant support to the long-term financial position of the company. All relevant procedures are on schedule for the start of the construction activities.