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Fred. Olsen Windcarrier signs three new offshore wind contracts

Fred. Olsen Windcarrier recently executed three new contracts and reservation agreements with a combined revenue of up to EUR 80m. The contracts will cover approximately 300 days in 2022 and 200 days in 2023, in both Europe and Asia Pacific.

Image: Fred. Olsen WindcarrierImage: Fred. Olsen Windcarrier

Two contracts are linked to projects where the company is already involved. Following these new contracts, FOWIC’s total revenue backlog stands at approx. EUR 355m of which 18% is linked to options.

In accordance with the previously announced vessel upgrade program, a firm order for a new 1600t crane for Brave Tern is now placed with Huisman. The installation on the vessel is expected to be completed in 2024. Separately, ongoing installation and upgrade work on Bold Tern at Keppel Fels is progressing according to plan and budget. The upgrade program will secure continued strong competitiveness of FOWIC’s three existing vessels also for the next generations of turbines coming to the market.

Fred. Olsen Windcarrier
Windfair Editors
Fred Olsen Windcarrier, vessel, offshre, installation, wind farm, Brave Tern, crane, Huisman, Bold Tern, reservation, budget

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