Danish company ProCon Wind Energy has entered into a joint venture partnership with UK outfit CPower Energy aimed at overcoming any potential challenges and exploit opportunities in relation to Brexit.
The partners said: “The joint venture will enable the two companies to run an open book partnership where competences, know-how and experiences can be shared without secrecy to ensure that we can keep providing our customers and partners, both inside and outside the UK wind market, with flexible and quality electrical solutions as well as technical equipment.”
The partnership will allow ProCon Wind Energy, as an already registered company in the UK, to meet current contracts and agreements in the country, as well as deal with the expected challenge regarding import of equipment and materials by getting CPower to introduce alternative solutions and suppliers.
The agreement does not set up a shared company, but leaves room for development of the partnership, the partners said.
“This means that costs, fees and profits will be based on contribution, investment and responsibility from case to case,” they added.
The agreement is also not exclusive as both companies are in contact with a large number of other companies and are allowed to enter into other partnerships and agreements.
ProCon chief executive Claus Søgaard Poulsen said: “In addition to functioning as a means to deal with Brexit, the joint venture partnership will also contribute to the strengthening of the two companies’ market positions, market reach, competitive pricing and recruitment of manpower.
“This is essential on the global wind market as more and more competitors emerge and because the wind industry is categorised by, for example, requirements concerning being present at several regions of the world, bringing cost down and providing specialist staff.”
CPower Energy chief executive Peter Jorgensen said: “We are delighted to have entered into a cooperation with ProCon Wind Energy, which we can develop further for mutual benefit inside and outside the UK.
“It provides us with great opportunity to work together both tender- and project-wise while also building up a relationship for turbine technicians.”
The UK officially leaves the EU at 11pm local time today.