Edda Wind Expanding Offshore Wind Services Fleet and Plans IPO

Oslo-based Edda Wind is expanding its fleet of offshore wind service vessels with an order for two Commissioning Service Operation Vessels (CSOV).

Edda Wind was launched in 2018 by Wilhelmsen and Østensjø, who each own 50% of the company. The company specializes in owning and operating service vessels supporting maintenance work conducted during the commissioning and operation of offshore wind parks.

Edda Wind currently has two vessels in service and four cutting edge, low-emission service vessels on order with delivery expected 2022. Today’s order will increase its fleet to eight CSOVs.

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 clients including Ørsted, Vestas and Ocean Breeze.

Wilhelmsen and Østensjø have now also agreed to an initial public offering on Euronext Growth Oslo as the owners look to raise additional investment to further capitalize on market potential.

“Our clear ambition is to be a player in renewable energy and decarbonisation,” says Thomas Wilhelmsen, CEO of the Wilhelmsen group. “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.”

“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,” he added.

Oslo-based Edda Wind is expanding its fleet of offshore wind service vessels with an order for two Commissioning Service Operation Vessels (CSOV).

Edda Wind was launched in 2018 by Wilhelmsen and Østensjø, who each own 50% of the company. The company specializes in owning and operating service vessels supporting maintenance work conducted during the commissioning and operation of offshore wind parks.

Edda Wind currently has two vessels in service and four cutting edge, low-emission service vessels on order with delivery expected 2022. Today’s order will increase its fleet to eight CSOVs.

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 clients including Ørsted, Vestas and Ocean Breeze.

Wilhelmsen and Østensjø have now also agreed to an initial public offering on Euronext Growth Oslo as the owners look to raise additional investment to further capitalize on market potential.

“Our clear ambition is to be a player in renewable energy and decarbonisation,” says Thomas Wilhelmsen, CEO of the Wilhelmsen group. “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.”

“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,” he added.