CWind Launches German Subsidiary

Maritime Activity Reports, Inc.

September 25, 2014

Photo: CWind

Photo: CWind

CWind announced the launch of its wholly-owned subsidiary in Germany. CWind Germany will be headquartered in Hamburg and will be responsible for the sales and marketing of CWind’s services in Germany. The company has also said it has won the license to lease employees under German law, known in Germany as ‘Arbeitnehmerüberlassungslizenz’ and is now in a position to lease employees as third party technicians to German client companies.

CWind is building a leading position in the U.K. and Germany and is looking at opportunities to further expand its footprint in the region. According to a recent HSBC report, the U.K. (11 GW) and Germany (7 GW) will be two of the three biggest offshore wind markets by 2020. CWind plans to outgrow these markets over the same period.

In line with CWind’s overall growth strategy, CWind Germany is offering a service portfolio based on the needs of wind farm developers and owner, focusing on offshore logistics, construction services, operations services and resources. The Company will initially focus on turbine installation services, temporary power supply, corrosion protection, inspections and cable pull-in, where CWind has significant experience gained at some of the largest offshore wind farms in the world.

CWind plans to leverage its existing service platform and appoint a sales manager for Germany. The sales manager will lead the start-up team which will grow steadily as CWind expands its portfolio of existing clients and enters new service areas.

“The launch of our subsidiary in Germany reinforces CWind’s position in Germany and will enable us to meet the diverse service needs of our clients. We have an established service portfolio, which will give us a strong starting point and we look forward to launching further services into the market,” said Peter Jorgensen, Managing Director of CWind “This investment further demonstrates our commitment to Germany and its growth potential. We have ambitious plans in this region and we continue to evaluate opportunities to expand our footprint.”

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