Purpose-built service operation vessels (SOVs) and Commissioning Service Operation Vessels (CSOVs) provider Edda Wind, a company owned by Østensjø and Wilhelmsen, is ordering two CSOVs in preparation for an initial public offering on Euronext Growth.
The two vessels are specially designed for service operations during the commissioning and operation of offshore wind farms. Currently, Edda Wind has four vessels under construction. According to the company, all six vessels are being prepared for installment of zero-emission technology.
Including the two latest newbuildings, the company will have a fleet of eight vessels, of which four are contracted on long term agreements with key clients like Ørsted, Vestas and Ocean Breeze.
Edda Wind’s CEO, Kenneth Walland said:
“Ordering two more purpose-built CSOVs will further strengthen Edda Wind’s leading position within offshore wind. Tremendous growth is expected in the offshore wind market over the next decades, and Edda Wind intends to be a world-leading provider in this segment.”
The board of the company has decided to invite investors to take part in the growth of Edda Wind and will seek listing on Euronext Growth. The two owners, Østensjø and Wilhelmsen, both acknowledge Edda Wind’s enormous potential.
Chair in Edda Wind, Håvard Framnes said:
“We believe this is the right timing to commence a process of listing Edda Wind. Within the next decade, the world’s need for renewable energy will see exponential growth. With our ambitions, this journey will require significant investments to capitalise on the market opportunities ahead of us.”
The two vessels will be built at Astilleros Gondan in Spain, and is expected to be delivered between 2023 and 2024. These two latest CSOVs will be vessel number 16 and 17 built at the yard by Østensjø. Moreover, two SOVs are being built at Astilleros Balenciaga, also in Spain.
Walland commented:
“It is crucial to be able to deliver quality vessels with predictable delivery times in the wind segment. We are very happy to see Gondan as the shipyard for these latest vessels in addition to the vessels they are already building for Edda Wind. We know their capabilities well, and the yard has proven to deliver the quality we require within the agreed delivery times.”
The 89.3 meters in length vessels will function as mother ships for wind turbine technicians as they perform commissioning and maintenance work on the wind turbines. Up to 97 technicians and 23 marine crew onboard can be accommodated in the cabin. Anti-heeling and roll reduction systems will provide good working conditions onboard. The motion compensated gangway system with an adjustable pedestal will ensure safe and optimal connections to the turbines. The design is optimised for an efficient logistical operation for the turbine technicians.
“The main design objective has been to build the most environmentally friendly vessels without compromising operational capabilities. The vessel design will reduce emission of greenhouse gases significantly. The vessels will also be prepared for zero-emission operation. The technology is based on Liquid Organic Hydrogen Carrier (LOHC), which will ensure safe and efficient use of hydrogen as an energy source. We are, however, dependent on support to green shipping projects by the Norwegian government to be able to develop, build and optimize these solutions”, said Walland.
Click here to read more about the long-term contracts awarded to Østensjø Rederi earlier this year.
Credit: Østensjø Rederi
