Sunday, August 14 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Aug 08
Week of Aug 01
Week of Jul 25
Week of Jul 18
Week of Jul 11
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    CPower Energy and Semco Maritime have Formed a Strategic Alliance

    June 15, 2022 - Gulf Oil & Gas


      CPower Energy Ltd., an offshore energy services and manpower supplier, and Semco Maritime A/S, an international engineering and contracting business, have announced a strategic alliance, with Semco Maritime purchasing a 20% stake in CPower Energy.

      The partnership looks to harness the substantial growth opportunities in the UK and global offshore wind markets, bringing significant benefits to both companies and their customers.

      Established in 2015 by Peter and Tsvetelina Jørgensen, to provide industry with an innovative one-stop solution to resourcing that has seen significant growth in its infancy, CPower Energy provides a range of value-adding services to the global offshore energy sector, with a focus on offshore wind. The company employs 9 people and maintains a close network of highly experienced partners who provide services within three primary areas: Construction Support, O&M Support, and Skilled Personnel. The company has established a strong market position and exceptional track record with customers in the UK market, and the collaboration with Semco Maritime will accelerate the momentum in the European market to further expand their presence in the global offshore wind space.

      ”We are excited to join forces with Semco Maritime, boosting our sales and providing access to valuable experience and organisational muscle, enabling us to pursue growth at a much faster pace and gearing up to accommodate the increasing demand from customers in the global offshore energy industry,” says founder and CEO of CPower Energy, Peter Jørgensen.

      The collaboration with CPower Energy supports Semco Maritime’s goal of growing the group’s service activities to account for 20% of total revenue by 2023, strengthening and expanding their footprint and network in the UK while simultaneously contributing to the continued globalisation of the group’s business and the ongoing pursuit of a balanced split between Renewables and Oil & Gas activities.

      “The highly skilled CPower Energy team has built a fantastic company with a solid foothold in the UK market and great growth prospects. We look forward to pursuing these opportunities in a close partnership focused on developing our joint business by improving and expanding our existing product and services offering to customers across the globe,” says Senior Vice President, Renewables, Semco Maritime, Jacob Øbo Sørensen.

      The vast potential of the offshore wind market in the UK is underlined by significant government and private sector investment, focused on growing installed capacity from around 13 GW today to around 50 GW by 2030. This represents a great opportunity for the strategic partnership between CPower Energy and Semco Maritime.

      CPower Energy expands its Board of Directors with the appointment of Senior Vice President of Renewables at Semco Maritime, Jacob Øbo Sørensen, to accelerate joint business development and strengthen collaboration.

      ”CPower Energy has established a solid platform for continued growth in a very short period of time, and the partnership with a specialist firm as well-reputed and experienced as Semco Maritime unlocks great value for both parties. We are certain that the sum is greater than the parts in this collaboration, and we will seize the opportunities in the market together,” says chairman of CPower Energy, Martin Dronfield.

      The parties have agreed not to disclose further details about the transaction.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.