Launched in 2018, Edda Wind owns and operates service vessels, which support the maintenance work conducted, during the commissioning and operation of offshore wind parks.
“The Wilhelmsen group’s strategy is very clear, which is 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,” said Thomas Wilhelmsen, the Chief Executive Officer (CEO) of the Wilhelmsen.
Low-emission service vessels
The two owners have also agreed to seek an initial public offering (IPO) on Euronext Growth Oslo
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 in 2022.
With additional investment required to further capitalise on the market potential, the two owners have also agreed to seek an initial public offering (IPO) on Euronext Growth Oslo (formerly Merkur Market).
Expanding fleet with emission-free vessel technologies
“Our clear ambition is to be a player in renewable energy and decarbonisation,” said Thomas Wilhelmsen, adding “Edda Wind is a growing company, rapidly expanding its fleet with future-focused, emission-free vessel technologies, with competencies and a culture, which perfectly complements our own, upping our stake in the company was not a difficult decision.”
Thomas Wilhelmsen further stated, “However, the tremendous growth expected in the offshore wind market, over the decades to come and our ambitions to be an integral part of that journey, will require significant investments. To be able to capitalise on the market opportunities ahead, we have together with Østensjø, decided to prepare for an initial public offering of Edda Wind.”
Edda Wind’s CSOV vessels
Edda Wind’s CSOV vessels are specially designed for service operations during the commissioning and operation of offshore wind farms and are constructed to be able to accommodate the future zero-emission technology. Four of the vessels are on long-term charter agreements with key clients, Ørsted, Vestas and Ocean Breeze.
