Sif Holding N.V. has announced a €328 million investment to construct the world's largest monopile foundation manufacturing plant in Rotterdam, aiming to enhance its manufacturing capacity and profitability within the growing offshore wind market.

Target Information

Sif Holding N.V. ("Sif" or the "Company") has made a definitive decision to invest €328 million in constructing the world's largest monopile foundation manufacturing plant located in Rotterdam, Netherlands. Scheduled to begin construction in April 2023, the facility aims to significantly enhance Sif's manufacturing capacity to 500 kilotons annually and enable the production of 200 XXXL monopile foundations each year, characterized by a diameter of 11 meters and a weight of 2,500 tons.

Upon reaching full production capacity in mid-2025, Sif forecasts an EBITDA of €135 million for 2025, escalating to a minimum of €160 million annually starting from 2026, indicating a payback period of approximately 3 to 4 years. The company has secured commitments for 348 kilotons of production from initial customers, including Ecowende, a collaboration between Shell and Eneco, contributing to a total orderbook of 662 kilotons.

Industry Overview in the Netherlands

The offshore wind sector in the Netherlands is experiencing a robust growth trajectory, bolstered by increasing governmental and societal demand for renewable energy solutions. Substantial studies indicate a sustained preference for monopile foundations in offshore