German firm buys Bladt out of joint venture

Ørsted is awarding orders for the last foundations on the Hornsea 1 project, to which Bladt will supply an additional 28 transition pieces.

Photo: EEW SPC

German foundation manufacturer EEW Special Pipes Constructions (SPC) is buying Denmark's Bladt out of the British joint venture between the two companies known as Offshore Structures Britian (OSB). This transaction is part of an "overall settlement of several outstanding commercial issues," Bladt states.

"Going forward, OSB will benefit further from a 100% ownership structure, wherefore we have decided to sell our shares and focus on applying our vast industry and UK competences on serving the UK offshore wind market in alternative ways. We are very pleased with the overall agreement and its financial implications for Bladt Industries," says CEO of Bladt Industries, Jan Kjaersgaard.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs