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The Titan Group has made the final investment decision (FID) to build a production facility for XXXL monopiles in Cuxhaven, Northern Germany.
Up to EUR 300 million will be invested in the company, with production to ramp up next year. Titan Group said that more than 600 jobs will be created by the project.
The construction of the new plant is scheduled to begin in mid-2024, including two halls for welding and coating as well as the preparation of the floors for the heavy loads from the monopile production processes.
At the same time, the construction of a 320,000-square-metre storage area has commenced. The necessary prerequisites for the Titan Group’s plans are good port conditions and the required space, which is ideal not only for producing monopiles but also for their storage and logistics, the company said.
“Today’s investment decision for Titan Wind Energy GmbH in Cuxhaven is an important step in our long-term global offshore wind expansion strategy. Offshore wind energy faces the challenge of limited supply chain capacity. In cooperation with our future customers, we are setting the course for achieving current targets,” said Junxu Yan, CEO and Founder of Titan Group.
Monopiles with a diameter of up to 14 metres, a length of 140 metres, and a weight of 3,500 tonnes will be produced to achieve the international offshore wind expansion targets, according to the press release.
With an annual production capacity of more than 500,000 tonnes, Titan Wind Energy GmbH plans to supply the offshore wind markets in the North Sea, the Baltic Sea, and the US.
“The investment decision for Titan Wind Energy GmbH in Cuxhaven is important to increase the urgently needed production capacities for the offshore wind industry in Germany and Europe and at the same time an essential step for the industrial transformation in Germany,” said Stefan Wenzel, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Climate Action.
Founded in 2005 in Suzhou, China, Titan Wind is mainly engaged in the production and sale of wind towers, blades, turbine foundations, offshore substations, and other wind power generation equipment, as well as the development and operation of wind farms.
Over the years, the company has expanded globally with three production facilities in Europe including a tower facility in Varde, Denmark, a Surface Treatment plant in Esbjerg, Denmark, and an offshore foundation facility in Cuxhaven, Germany. |
