Seasight Davits’ cranes are the key to offshore wind energy

Seasight Davits conducted a feasibility study that led to establishing a branch in Taiwan, expanding its offshore wind crane business into Asia. The move supports renewable energy growth, reduces environmental impact, and promotes Danish technology. The Taiwan office enables access to nearby markets like Japan and Vietnam, while also creating jobs in both Asia and the Nordics.

Company:
Seasight Davits ApS
Home country:
Denmark
Target country:
Taiwan
Sector:
Renewable energy

Seasight Davits ApS is a well-known supplier of davit cranes in the offshore wind industry. With financial support from Nopef, the company carried out a feasibility study for its market expansion to Taiwan and looked at how to establish cooperation with a local business partner for commissioning, service, training, sales and marketing support.

As a result of the feasibility study, the new Taiwan branch, Seasight Davits TW, was established. It allows Seasight Davits to expand to the Asia-Pacific region with other potential markets, such as Japan, Vietnam and South Korea, close by.

Market entry into an offshore wind industry hot spot

Seasight Davits’ cranes are critical to the operation of wind turbines and offshore wind farms. A crane needs to be installed on the foundation of every wind turbine to lift equipment for maintenance and repair of the wind turbine. If a crane malfunctions, work on the wind turbine cannot be conducted. The crane is also used for emergency evacuation of personnel.

As one of the offshore wind industry hot spots and growth centres, Taichung in Taiwan was a clear choice for Seasight Davits when it decided to explore expansion outside Europe.

“Our crane design and functionality are well known in the industry. By establishing a branch in Taiwan, we are promoting Danish offshore wind solutions and leading the way for further scale-up of our business in the Asian markets,” says Alex Kristensen, Chief Commercial Officer, Seasight Davits.

Contributing to the growth of renewable energy and job creation

Support for the growth of the renewable energy sector is a direct sustainability impact of the company’s expansion to international markets. Seasight Davits’ cranes do not use any chemicals, but biodegradable oil, and they are designed to avoid oil spills. The cranes also have double hoisting speed. As tools and cargo are transferred faster, the vessels carrying them have shorter waiting times and use less fuel, which further adds to the positive environmental impact of the company’s technology.

“Seasight Davits is a classic example of a Nordic supplier in the offshore wind sector that provides essential components for uninterrupted renewable energy production,” says Søren Berg Rasmussen, Investment Manager, Nefco.

The Seasight Davits cranes are developed and manufactured in Denmark, and they are sold directly and serviced by the company. Establishing the company in Taiwan to sell and service cranes for offshore wind turbine installation can create new jobs also in the Nordics.

“Taiwan is the second subsidiary in the Seasight Davits family, and the process of establishing our third in the US has already started. For a small company with big ambitions, it has been a tremendous help to receive funding from Nopef,” says Kristensen.

For further information, please contact:

Søren Berg Rasmussen
Investment Manager (DK)

+358 10 618 0674 soren.rasmussen@nefco.int