One sentence summary – Norwegian company Edda Wind has secured a charter agreement with Vestas for its service operation vessel Edda Passat, ensuring employment for the majority of the fourth quarter at higher rates, reflecting the positive development in the offshore wind market.
At a glance
- Edda Wind has entered into a charter agreement with Vestas for their service operation vessel (SOV) Edda Passat.
- The Edda Passat has been operational at the Race Bank offshore wind farm for Ørsted since 2018.
- The current charter for the vessel is set to expire next month.
- The new agreement with Vestas ensures employment for the majority of the fourth quarter at higher rates.
- This charter agreement signifies a positive trend in the offshore wind industry and the Edda Passat will contribute to sector growth.
The details
Norwegian company Edda Wind, known for its specialization in offshore wind industry vessels, has recently entered into a charter agreement with Vestas.
The agreement pertains to their service operation vessel (SOV) Edda Passat.
Since its construction in 2018, the Edda Passat has been operational at the Race Bank offshore wind farm for Ørsted.
The current charter for the vessel is set to expire next month.
The new agreement with Vestas ensures employment for the majority of the fourth quarter.
This includes options at significantly higher rates compared to the previous contract.
Kenneth Walland, CEO of Edda Wind, expressed satisfaction in securing this new contract.
Walland noted that the contract was with another major player in the industry.
He also mentioned that the increased rate is a reflection of the positive development observed in the offshore wind market.
In March, Vestas entered into contracts with Edda Wind for their commissioning service operation vessels (CSOVs).
Just last week, Edda Wind took delivery of their latest newbuild CSOV, Edda Nordri.
Edda Nordri is expected to commence operations in the fourth quarter of 2023.
This charter agreement between Edda Wind and Vestas signifies a continued positive trend in the offshore wind industry.
The Edda Passat is set to contribute significantly to the sector’s growth.
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| offshorewind.biz |
|---|
| – Edda Wind, a Norwegian owner and operator of vessels for the offshore wind industry, has secured a charter agreement with Vestas for its service operation vessel (SOV) |
| Edda Passat. |
| – The SOV has been operating at the Race Bank offshore wind farm for Ørsted since it was built in 2018, and its current charter is expiring next month. |
| – |
| The new agreement with Vestas will provide employment for the majority of the fourth quarter, including options, at rates significantly higher than the previous contract. |
| – Kenneth Walland, CEO of Edda Wind, stated that they are pleased to secure a new contract for Edda Passat with another major player in the industry, and that the new rate reflects the favorable development of the offshore wind market. – |
| In March, Vestas signed contracts with Edda Wind for its commissioning service operation vessels (CSOVs). |
| – Last week, Edda Wind took delivery of its latest newbuild CSOV, Edda Nordri, which will begin operations in the fourth quarter of 2023. |
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