CPower Energy and Semco Maritime join forces

CPower Energy Ltd. and Semco Maritime A/S announce their strategic partnership, with Semco Maritime acquiring 20% of CPower Energy. The companies outlined their ambitions to harness the growth opportunities in the UK and global offshore wind markets.

Established in 2015 by Peter and Tsvetelina Jørgensen, CPower Energy operates within the offshore energy sector with a focus on offshore wind. The company employs 9 people and offers construction support, O&M support, and skilled personnel.

”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,” said founder and CEO of CPower Energy, Peter Jørgensen.

Semco Maritime stated that the collaboration with CPower Energy will support its 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,” commented Senior Vice President, Renewables, Semco Maritime, Jacob Øbo Sørensen.

CPower Energy has expanded 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,” said chairman of CPower Energy, Martin Dronfield.

Image: L-R - Peter Jorgensen, Founder and CEO at CPower Energy, Tsvetelina Jorgensen, Finance Director at CPower Energy, and Jacob Øbo Sørensen, Senior Vice President, Renewables at Semco Marine