CWP Business Summary

Century Wind Power Co., Ltd. (CWP) operates as a premier manufacturer and installer of underwater steel structures for the offshore wind energy sector, primarily generating revenue through the fabrication of jacket foundations, monopiles, and pin piles. As a critical tier-1 supplier in Taiwan’s offshore wind supply chain, the company’s business model is anchored in large-scale engineering, procurement, and construction (EPC) contracts, supplemented by project management and construction consulting services. CWP leverages its strategic production base at Taipei Port, which features heavy-load wharves and integrated manufacturing facilities, to minimize logistics risks for deep-water projects exceeding 20 meters. In the competitive landscape, CWP contends with regional giants such as Goldwind Science & Technology, Dajin Heavy Industry, and Sany Renewable Energy, as well as local rival Hsin Kuang Steel. CWP distinguishes itself as the dominant domestic player in Taiwan, maintaining a formidable market position through long-term partnerships with international developers like Ørsted and Copenhagen Infrastructure Partners (CIP). CWP was established in 2017 as a strategic subsidiary of Century Iron and Steel Industrial Co., Ltd. (9958.TW), inheriting a deep industrial pedigree in heavy steel fabrication. The leadership team is headed by Chairman Wen-Hsiang Lai, a veteran industrialist who also chairs the parent group and was recently recognized with the 74th Outstanding Businessman Award for his contributions to Taiwan's green energy transition. The executive suite includes Vice Chairman Kuo-Chin Chen, who brings a unique administrative background as a former Director of the Taoyuan City Police Department, and General Manager Ming-Cheng Lin, whose technical expertise stems from his previous tenure as a plant manager at Century Steel’s Yunlin facility. The company is backed by a robust institutional investor base, with Century Iron and Steel holding a controlling interest of approximately 59%, alongside notable shareholders such as Century Huaxin Wind Energy and State Street Global Advisors.