Century Iron and Steel Industry Co., Ltd. (CT, 世紀鋼鐵結構股份有限公司)’s subsidiary “Century Wind Power Co., Ltd.” (CWP, 世紀離岸風電設備股份有限公司), CSBC Cooperation (台灣國際造船股份有限公司), and Danish company Bladt Industries A/S announced on 22nd, November, 2017, that three parties will start the collaboration together in the offshore wind power foundation market in Taiwan.

Currently the Taiwanese Government has clearly specified the goal for the wind power market is to achieve a None-Nuclear Homeland by the offshore wind power installation.

The first target is to finish the installation of the wind power facilities with up to 5.5GW electricity in the potential wind farm by the year, 2025. Based on this structure, we would be able to estimate the appropriate wind farm development in the territorial sea of Taiwan causes a great effect in the future. In the meantime, more and more international wind power manufacturers are enthusiastically setting up the offices in Taiwan, in order to proceed with the wind farm evaluation at different development stages.

In addition, the government hopes that through the offshore wind power construction, it will create the job opportunities via gradually importing the upgrade of technique and capability to be localized. By the promote of the wind power market, we estimate in the next few years, CWP and CSBC will be a part of the strategies and targets for the offshore wind power infrastructure manufacture and installation. For the expansion of the market, CWP and CSBC hope to work with the experienced European partners and consultants as the collaboration alliance to help CT and CSBC build up the corresponding plans for the engineering technique, quality, capability, and fundamental production line.

We estimate the first project will be initiated the fabrication in 2019. The collaboration of CT, CSBC, and Bladt has the important value and meaning among each other, and we will start the foundation manufacture and Transition Piece (TP) assembly for the offshore wind power equipment in Taiwan.

The Memorandum of Understanding (MOU) signed up among CT, CSBC, and Bladt includes the following points:

1.      Three-Party Collaboration: Manufacture based on the underwater foundation, Jackets, and Transition Piece (TP) assembly in the offshore wind power market in Taiwan.

2.      Set up the joint venture agreement during the cooperation in the future, and the joint venture agreement will replace the current MOU. CWP will establish the joint venture to proceed with this project.

3.      Focus on the substructure Jacket fabrication, assembly, and Transition Piece. Bladt will provide the project management, technique support, and participate in management and operation of the joint venture.

4.      CWP will be the main shareholder of the joint venture and prepare the essential equipment accordingly. Bladt will bring the joint venture the reputation, sales, customer relationship, and abundant professional knowledge and experience in the offshore wind power market.

Remarks:

About Century Wind Power Co., Ltd (CWP)

Century Iron and Steel Industry Co., Ltd. (CT, Taiwan Stock Exchange listed company) has initiated the “Renewable Energy - Offshore Wind Power Project” since 2013. With 30-year experience in large-scale steel manufacture in Taiwan, CT is more than capable of expanding the industry from the traditional structure construction to the offshore wind power foundation fabrication for the international market. And CT has set up the subsidiary “Century Wind Power Co., Ltd.” (CWP) last year. With the support from the government’s localization policy, CWP enthusiastically plans to build two plants at Taipei Port, which have a combined size of 16 hectares. In addition, CWP will rent another 16 hectares of land at Taipei Port to store the underwater substructure jackets for the wind turbine foundations. The plants will finish the trial-run by the end of 2019. CWP also imported the European Professional Certification Company and with their assistance, CWP has completed the ISO system which meets the international standard to become the first choice of the wind farm foundation supply chain for the European firms.

(Please visit www.century.com.tw for more details.)

About CSBC Cooperation (CSBC)

CSBC is a shipbuilding manufacturer with great experience, and specialize in manufacturing the container ship for the global market. CSBC has two independent large shipbuilding factories in Taiwan, and the biggest one located in Kaohsiung City. CSBC has good reputation worldwide, and maintain good relationship with local enterprises and political groups.

(Please visit www.csbcnet.com.tw for more details.)

About Bladt Industries A/S (Bladt)

The headquarters of Blast is located in Aalborg, Denmark. Since the first large offshore wind turbine project in Europe built in 2000, Bladt has always been the leader in the offshore wind power market all over the world. So far, Bladt has manufactured over 1,500 Monopiles and Transition Pieces, and over 100 Jackets for the offshore wind farms; therefore, Bladt has tremendous experience for the offshore wind power projects.

Currently Bladt is looking for a strong and reliable partner in Taiwan with broad-scale steel manufacture experience, well equipped facility, excellent location at the port, and strong determination to become a local offshore wind power infrastructure manufacturer company.

(Please visit www.bladt.dk for more details.)

Press release contact person

Ming-Feng, Yang

Tel: +886 03 473 0201 #186

Mobile: +886 0909-393 639

Email: mansumon@century.com.tw