Ziton wins long-term loan to support offshore wind fleet

Danish offshore wind services company Ziton has borrowed an undisclosed amount of money to keep its fleet on track as an O&M provider.

The loan, agreed with ‘European banks and institutional investors’, is intended to give financial stability and flexibility in an increasingly challenging era of ageing turbines.

The agreement also strengthens Ziton’s position as a reliable long-term partner to wind turbine manufacturers and offshore wind farm operators, supporting the growing need for maintenance and major component replacements across the industry.

“The new financing is an important milestone for Ziton and provides us with a strong financial foundation for the years ahead,” said CFO Jens Michael Haurum. “It reflects the strength of our business and the confidence in our long-term strategy.

“With this agreement in place, we have greater flexibility to pursue our growth ambitions, further develop our fleet and continue supporting our customers with reliable and efficient solutions for offshore wind operations and maintenance.”

Ziton, which was founded in Denmark in 2007, provides vessels, project planning, lifting operations, specialist equipment and technical personnel. The company operates a fleet of dedicated jack-up vessels and works with wind farm operators and turbine manufacturers across northern Europe.

In January 2025, Macquarie Asset Management bought the company, when Ziton operated five jack-up vessels and had serviced 1,800 turbines across 80 offshore wind farms, according to Macquarie.

Denmark is a big market for offshore wind maintenance. The Danish Energy Agency lists 17 established offshore wind farms, with a combined installed capacity of approximately 2.63GW. The country has developed offshore wind since the early 1990s, creating an established market for turbine servicing and infrastructure support.

Denmark was a pioneer in offshore wind, opening the world’s first offshore wind farm, Vindeby, in 1991. Located in shallow waters off the island of Lolland, the project had 11 turbines with a combined capacity of around 5MW.

Vindeby was decommissioned in 2017 after about 25 years’ operation. Denmark later established another milestone with Horns Rev 1, which began service in 2002 as the world’s first large-scale offshore wind farm, with 160MW of capacity.