Edda Wind orders two additional vessels and prepares for IPO
Wilhelmsen and Østensjø each own 50% of Edda Wind. Anticipating long-term growth for the renewable energy sector, the company has placed an order for two additional Commissioning Service Operation Vessels (CSOV), bringing its fleet up to eight.
Launched in 2018, Edda Wind owns and operates service vessels supporting the maintenance work conducted during the commissioning and operation of offshore wind parks.
“The Wilhelmsen group’s strategy is very clear, to further expand into renewables, by working together with partners, and leveraging our expertise and assets. So, finding an opportunity like this to work with Østensjø and invest in Edda Wind, a growing company, rapidly expanding its fleet with future-focused emission free vessel technologies is ideal,” says Thomas Wilhelmsen, CEO of the Wilhelmsen group.
Edda Wind orders two additional vessels and prepares for IPO
Wilhelmsen and Østensjø each own 50% of Edda Wind. Anticipating long-term growth for the renewable energy sector, the company has placed an order for two additional Commissioning Service Operation Vessels (CSOV), bringing its fleet up to eight.
Launched in 2018, Edda Wind owns and operates service vessels supporting the maintenance work conducted during the commissioning and operation of offshore wind parks.
Reflecting the rapid development of the offshore wind market, Edda Wind currently has two vessels in service, and already has four cutting edge, low-emission service vessels on order with yards, with delivery expected 2022. With additional investment required to further capitalize on market potential, the two owners have also agreed to seek an initial public offering on Euronext Growth Oslo (formerly Merkur Market).
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Edda Wind orders two more CSOVs, prepares for IPO March 15, 2021, by Adrijana Buljan
Edda Wind has ordered two more Commissioning Service Operation Vessels (CSOV) and will start preparing for an initial public offering (IPO) on Euronext Growth Oslo.
The two CSOVs will join Edda Wind’s fleet in 2023 and 2024 from Astilleros Gondan shipyard in Spain, where two CSOVs are currently being built, after Østensjø Rederi signed a letter of intent for the construction of two CSOVs and two Service Operation Vessels (SOVs) in 2019. The SOVs are being built at Astilleros Balenciaga, also in Spain.
With the two newbuilds, Edda Wind will have a fleet of eight vessels, four of which have been contracted to work on offshore wind farms under long-term agreements with Ørsted, Vestas and Ocean Breeze. The company also has options to order further vessels for its offshore wind fleet.
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