Edda Wind scores bumper rate on Vestas SOV charter
Oslo-listed offshore wind service pure play Edda Wind has secured a charter deal with turbine maker Vestas for its service operation vessel (SOV) Edda Passat.
The vessel has operated for Ørsted at Race Bank offshore wind farm since it was built in 2018 and its charter is expiring in October 2023.
The new deal will secure utilisation for the majority of Q4, including options, at rates significantly above the previous contract, Edda Wind said.
“The offshore wind market has developed favorably, and we are satisfied that the new rate reflects this,” stated Kenneth Walland, CEO of Edda Wind.
The Haugesund-headquartered company backed by Wilhelmsen and Østensjø, as well as John Fredriksen and Idan Ofer, owns and operates three SOVs and two CSOVs and has nine offshore wind vessels under construction.