Eneti offshore wind turbine installation vessel

An illustration showing Eneti's Wind Turbine Installation Vessel (WTIV) under development at DSME. Illustration courtesy Eneti Inc.

Eneti Places Order for Second Wind Turbine Installation Vessel at DSME

Mike Schuler
Total Views: 923
December 2, 2021

Eneti exercises option for a second newbuild Wind Turbine Installation Vessel at DSME.

Eneti Inc. (NYSE:NETI) has announced today that it entered into a binding agreement for the construction of one Wind Turbine Installation Vessel.

The order comes as an exercised option it held with South Korean shipbuilding Daewoo Shipbuilding and Marine Engineering (DSME) on an order for its first newbuild WTIV placed in May.

The latest newbuild comes at a price of $326 million and the vessel will be delivered early in the second quarter of 2025.

The newbuild will be a NG-16000X design WTIV by GustoMSC and includes a 2,600 Ton Leg Encircling Crane from Huisman Equipment B.V. of the Netherlands. The vessel will be capable of installing up to 20 megawatt (MW) turbines at depths of up to 65 meters of water, and can be adapted to operate on alternative fuels including LNG or Ammonia.

It’s been quite a year for Eneti, the former dry bulk shipping company named Scorpio Bulkers, led by Chairman and CEO Emanuele A Lauro. After announcing its transition to the offshore wind turbine installation sector in August 2020, the company has since sold off its bulker fleet, changed its name, and put all its eggs into Wind Turbine Installation Vessel ship-owning.

In addition to the two newbuilds, Eneti also acquired UK-based Seajacks and its fleet of five WTIVs, instantly making it a leading owner and operator in the sector. The company is also in advanced talks with U.S. shipbuilders for the construction of a Jones Act-compliant WTIV as the Biden Administration looks to rapidly expand the United States’ offshore wind energy capacity to 30GW by 2030.

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