Chinese manufacturer Dajin Heavy Industry has secured its inaugural contract worth CNY 1.3 billion (≈ USD 175.5 million) under a long-term supply agreement with a European offshore wind client.

As per the deal, Dajin Heavy will manufacture and deliver monopiles, transition segments, and other structural parts needed for very large offshore wind farms. Full delivery is planned by the end of the following year.

The binding agreement, signed in April of the previous year, stipulates that between 2024 and 2030, the European firm may procure up to 400,000 tonnes of components from Dajin Heavy. The client paid a one-off “lock-up” fee of EUR 14 million (about USD 16.4 million) at the time of contract signing.

Company officials interpret the first order—over a year after signing—as evidence that demand remains robust for its offshore wind foundation products.

Financially, this order alone equals roughly one-third of Dajin Heavy’s audited revenue from the past year, and it is expected to enhance the company’s operating results in the next fiscal cycle.

The European partner in this deal is active in developing, building, and operating offshore wind projects across Europe, Asia, and North America.

Dajin Heavy has already been active in supplying European clients, having received multiple orders over recent years (including four so far this year). Its production facility in Penglai, Shandong Province, is noted for being the only plant in the Asia-Pacific region capable of mass-producing super-large monopiles for the European market.