02/01/2022

Edda Wind orders three additional CSOVs

Edda Wind orders three Commissioning Service Operation Vessels (CSOV) in addition to the six vessels the company has under construction. The vessels are specially designed for service operations during the commissioning and operation of offshore wind farms. The three vessels will be prepared for instalment of zero-emission technology in the same way as the first six vessels, based on funding from Enova.

Image: Edda Wind

Edda Wind has a strong track record and has been operating in the offshore wind segment since 2015. Including the three latest newbuildings, the company will have a fleet of eleven purpose-built vessels, of which six are contracted on mid- to long term contracts with key clients like Ørsted, Vestas, Ocean Breeze, SSE and SiemensGamesa. Of the latest newbuilds, one vessel will be built at Astilleros Gondan (“Gondan”), Spain and two vessels to be built at Colombo Dockyard PLC (“Colombo”), Sri Lanka. In addition, the company has options with the yards to build more vessels.

“Ordering another three purpose-built CSOVs will further strengthen Edda Wind’s leading position within offshore wind. By building a series of vessels like this, and with the experience and knowledge we have from the vessels currently under constructions, we are able to acquire these vessels at competitive prices. Tremendous growth is expected in the offshore wind market over the next decades, and the move is a clear signal on Edda Wind’s ambition to be a world-leading provider in this segment,” says Kenneth Walland, CEO of Edda Wind.

In Q4 2021 Edda Wind was listed at Oslo Stock exchange through a substantially oversubscribed IPO, raising almost NOK 1 bn in new capital. “This latest investment delivers on the growth strategy, capitalizing on the position Edda Wind has built with clients, yards and other stakeholders and further strengthening our position as the leading pure-play offshore wind vessel provider”, says Walland.

About the vessels

One newbuild will be built at Gondan with Salt 0217 design and a planned delivery in July 2024. The vessel will be sister vessel of the four vessels already under construction at Gondan.