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Titan Wind Energy announces the investment decision for a Monopile production plant in Cuxhaven-Germany

600 jobs and up to EUR 300 million investment for XXXL monopiles

Cuxhaven/Germany, The Titan Group has made the final investment decision to build a state-of-the-art production facility for monopiles in Cuxhaven in Northern Germany. Up to EUR 300 million will be invested with production ramp up in 2025. Monopiles with a diameter of up to 14 meters, a length of 140 meters and a weight of 3,500 tons will be produced to achieve the international offshore wind expansion targets. More than 600 jobs will be created. The new Titan Wind Energy production facility will be among the most advanced in the world.

With an annual production capacity more than 500,000 tons, which is urgently needed by the market, Titan Wind Energy GmbH will supply the offshore wind markets in the North Sea, Baltic Sea and the USA. The construction of the new plant will begin in mid-2024. This includes 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 storage area of 320,000 square meters has been started. The necessary prerequisites for the Titan Group’s plans are the good port conditions and the required space, which is ideal not only to produce monopiles, but also for their storage and logistics.

Mr. Junxu Yan, Founder and CEO of Titan Group, says: “Titan is determined to be part of the solution to achieve the global net zero target. 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.

Stefan Wenzel, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Climate Action, says: “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. Offshore wind energy is a key technology for the energy transition.”

Olaf Lies, Lower Saxony’s Minister of Economic Affairs, speaks of an important landmark decision for the location: “A few weeks ago, we were able to finalize the financing of the new offshore berths together with the federal government. This is now the next step, which above all shows that transformation and the energy turnaround not only mean an independent, clean and permanently affordable energy supply. They also mean new, good jobs. Here in the North, we are developing our ports into the new heart of clean energy supply of Germany. The North Sea will be our powerhouse with Cuxhaven in a central position.”

Uwe Santjer, Lord Mayor of the City of Cuxhaven, welcomes the investment decision by Titan Wind Energy GmbH and states: “The 300 million investment and the creation of numerous jobs will significantly strengthen the position of the German Offshore Industry Center in Cuxhaven (DOIZ). Cuxhaven will strengthen its international function, especially as a production location. In addition, synergy effects will result as a marshalling harbor and further position Cuxhaven as a European offshore hub in the market. We look forward to working with Titan Wind.”

Company profile:

Titan Wind was founded in 2005 in Suzhou China, and listed on the Shenzhen stock exchange (China) on December 31, 2010. The company adheres to the development of wind power industry value chain upstream and downstream, and it is mainly engaged in the production and sale of wind tower, blades, turbine foundations, offshore substations, and other wind power generation equipment, as well as the development and operation of wind farms. Over the years, Titan Wind has expanded globally with three production facilities in Europe including tower facility in Varde, Denmark, Surface Treatment plant in Esbjerg, Denmark, and the offshore foundation facility in Cuxhaven, Germany.