Construction Begins on World’s Largest Monopile Factory

09 May 2023 CW Team

The facility will be erected as an addition to Sif's current facilities at the 62-hectare Maasvlakte 2 site in Rotterdam. In February, the business finalised its investment decision to build the largest monopile foundation manufacturing facility in the world. The facility's initial manufacturing operations are expected to begin in the second half of 2024.

The expanded production facility is anticipated to allow Sif to produce the equivalent of 200 XXXL, 11-meter diameter, 2,500-ton reference monopile foundations annually, greatly increasing its total combined capacity to 500 kilotons annually.

According to Sif, the design allows for future improvements that would enable even bigger diameters.

The business forecasts EBITDA of EUR 135 million in 2025 and of at least EUR 160 million per year starting in 2026 once the enlarged production unit is completely ramped-up, which is anticipated in the first half of 2025. According to Sif, this results in a payback time of three to four years.

The company's current total order book stands at 662 kilotons thanks to two launching clients, one of which is Ecowende, a joint venture between Shell and Eneco, who have jointly committed to 348 kilotons of production, either booked or in exclusive negotiation.

The Dutch company will receive PEMA manufacturing automation technologies from Finnish welding expert Pemamek.

Real Estate

08 Apr 2026

BPTP awards Rs 4.88 billion contract to NCC

BPTP has awarded a construction contract worth Rs 4.88 billion to NCC Limited for its residential project Downtown 66 in Gurugram.The contract covers civil structure and finishing works for a total construction area of approximately 1,79,302 sq m, including residential towers and associated amenities, in line with approved plans and specifications.Located along Golf Course Extension Road, the project forms part of BPTP’s Gurugram portfolio and is designed around modern living, sustainability, connectivity and occupier-centric planning.Commenting on the development, Manik Malik, CEO & Pre..

Blue Cloud Acquires Global Impx To Build AI Energy Platform

Blue Cloud Softech Solutions Limited (BCSSL) said its board has approved an all-share acquisition of 100 per cent of Global Impx Inc. (GIX) as part of a strategic pivot into AI-driven energy and digital infrastructure, subject to execution of definitive agreements and regulatory, corporate and shareholder approvals including a Special Resolution at an Extraordinary General Meeting scheduled for May 04, 2026. The BSE-listed technology conglomerate intends the transaction to accelerate its evolution into a technology enabled infrastructure company operating at the convergence of artificial intel..

Hyatt House Offers Home-Like Stays Across 140 Locations

Hyatt House hotels (Hyatt House) is presented as a brand designed to welcome guests seeking spacious and well equipped living accommodations for short or long term stays. The brand operates at more than 140 locations worldwide and delivers home like amenities and purposeful service. It highlights complimentary home cooked breakfast and a creatively curated menu at H Bar as part of its offering. The offering is positioned to appeal to professionals and families who seek both convenience and a sense of familiarity while travelling. Hyatt House provides contemporary spaces that include indoor and..