Edda Wind orders three additional vessels

Edda Wind orders three additional vessels

Edda Wind orders three Commissioning Service Operation Vessels (CSOV) for delivery January and July 2024 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 support from Enova.

One vessel will be built at Astilleros Gondan, Spain and two vessels to be built at Colombo Dockyard PLC, 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.

The contracts are on market terms and the 89.3 meters long vessels will function as mother ships for wind turbine technicians as they perform commissioning and maintenance work on the wind turbines. Comfortable cabins and high standard common areas can accommodate up to 97 technicians and 23 marine crew onboard. 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, even in harsh weather conditions. 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 future zero-emission operation based on Enova support. This technology is based on Liquid Organic Hydrogen Carrier (LOHC), which will ensure safe and efficient use of hydrogen as an energy source” says Kenneth Walland.

Read more a www.eddawind.com

For further queries, please contact:

Kenneth Walland, CEO Edda Wind
Phone: +47 916 93 418
E-mail: kenneth.walland@eddawind.com

Tom Johan Austrheim, CFO Edda Wind
Phone: +47 982 09 873
E-mail: tom.johan.austrheim@eddawind.com

ABOUT EDDA WIND
Edda Wind is a leading pure play offshore wind service company headquartered in Haugesund, Norway. The Company develops, builds, owns and operates purpose-built Service Operation Vessels (“SOV”) and Commissioning Service Operation Vessels (“CSOV”) for offshore wind farms worldwide. Edda Wind is creating the next generation of offshore wind service vessels and works closely with partners to develop new technologies to reduce emissions without compromising operational capabilities or cost competitiveness. As of today, the Company owns and operates two purpose-built offshore wind SOVs, operates one chartered frontrunner, and has nine dedicated offshore wind vessels under construction – two offshore wind SOVs and seven offshore wind CSOVs – with delivery from 2022. All newbuild vessels are prepared for zero-emission utilising liquid organic hydrogen carrier as an energy source.

This information is considered to include inside information pursuant to the Market Abuse Regulation article 17 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Tom Johan Austrheim, CFO, Edda Wind ASA, on 31 January 2022 at 14:30 CET.