EuropeOffshoreRenewables

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.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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