Edda Wind operates two owned and one chartered vessel, while three more vessels are delivered from yard and are in the process of installing gangway systems. Two vessels are expected to commence long term contracts in March 2023 and further three vessels are expected to become ready for operations later in 2023. The offshore wind market is developing positively at the back of the need for energy transition and energy security, and charter rates are seen to increase as oil and gas tonnage exit offshore wind.
Highlights and main events Q4 2022:
• Stable operation of three vessels with near full utilisation
• Commissioning of gangway systems near complete for Edda Breeze and Edda Brint
• Further strengthening of offshore wind market and rates
Edda Wind reports income of EUR 7,3 mill (EUR 6,8 mill), EBITDA of EUR 1,4 mill (EUR 0,4 mill) and profit before tax of EUR 0,2 mill (EUR 0,3 mill). Net interest-bearing debt was EUR 107,8 million and equity ratio 52,3%
Subsequent to Q4 2022 Edda Boreas has been delivered from the yard and three CSOVs under construction have been financed by a long-term green loan facility of EUR 100-120 mill.
For further information, 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 eight dedicated offshore wind vessels under construction – two offshore wind SOVs and six offshore wind CSOVs . All newbuild vessels are prepared for zero-emission utilising liquid organic hydrogen carrier as an energy source.
Read more : www.eddawind.com