EnergyWatch

Semco's offshore wind backlog soars, but postponed projects hit hard

The Semco group's order book is historically high, but its newly published 2019 report is significantly impacted by postponed projects, particularly US offshore project Vineyard Wind.

Photo: Semco Maritime

By the end of February this year, the order book of Semco Maritime came to nearly DKK 2 billion (EUR 267.9 million). This is historically high for the company, especially considering that the vast majority of its total backlog, close to 80 percent, are projects within renewable energy.

The high order intake is driven by Semco Maritime's considerable contracts on US offshore wind projects Vineyard Wind and Mayflower Wind in Massachusetts on the US Eastern Seaboard. But the company's newly published 2019 annual report is particularly marked by the fact that project Vineyard, to which Semco will supply a substation in collaboration with Bladt Industries, didn't commence in 2019 as planned.

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