Dutch fabricator Sif has warned of a slowdown in offshore wind tendering, saying market hesitancy and postponed project awards are creating uncertainty for the supply chain.
The company said in its third-quarter update that “tendering has seen a slowdown in activity during the quarter, and the market remains hesitant with offshore wind park project awards being postponed or even cancelled”.
Chief executive Fred van Beers said the market challenges reflect difficulties in the UK and Europe in running successful large-scale tenders, with lower-than-expected subsidy allocations and delays in auction results weighing on project progress.
“The market remains challenging with a limited number of new tenders, and the United Kingdom and European countries struggling to run successful large-scale tenders,” he said.
He added that decision-making speed and an effective rollout of EU measures “is of the essence to regain momentum in the offshore wind market”.
Van Beers said Sif had nonetheless stabilised production lines and improved quarterly results. “Production, contribution and EBITDA all slightly improved on the previous quarters,” he said. “The modifications to the production lines are performing as we expected and our focus is now on the continuation of the upward trend that will gradually bring us to the projected levels of production.”
The company reported adjusted EBITDA of €13.8m for the third quarter, up from €5.2m a year earlier, as throughput reached 44Kton compared with 42Kton in Q3 2024. Sif’s order book stood at 586Kton at the end of September, including 200Kton under exclusive negotiation.
Van Beers said Sif’s 2026 orderbook was “filled with firm contracts”, while the 2027 outlook would become clearer in early 2026.