Edda Wind ASA fleet growing to ten vessels

14 Nov 2022 12:42 CET

Edda Wind has ordered another Commissioning Service Operation Vessel (CSOV) from
Gondan Shipbuilders (“Gondan”), Spain. This will be vessel number six in the
series built at Gondan in addition to the existing vessels Edda Passat and Edda
Mistral delivered by the same yard in 2018. The vessel will be prepared for
instalment of zero-emission technology in the same way as for her sister
vessels, based on support from Enova. The vessels are specially designed for
service operations during the commissioning and operation of offshore wind
farms. In addition, the company has an option with the yard for one more vessel.


Edda Wind has a strong track record and has been operating in the wind segment
since 2015. Including the latest newbuilds, the company will have a fleet of ten
purpose-built vessels, of which six are contracted with key clients like Ørsted,
Vestas, Ocean Breeze, SSE and SiemensGamesa.

The total ready for sea cost in the low Eur 60’s million. This includes a high
specification in line with Edda Wind’s philosophy, e.g., Hydrogen-ready, Voith
Schneider propulsion, highest standard of accommodation as well as extensive
energy optimization solutions to increase energy efficiency and reduce
emissions. The equity portion of this investment is fully funded as part of the
capital raise done during the IPO. Tremendous growth is expected in the offshore
wind market over the next decades. Edda Wind has a clear ambition to grow the
fleet beyond the ten vessels already ordered to maintain its position as a
leading C/SOV company.” says Kenneth Walland, CEO of Edda Wind.

“The main design objective has been to build the most environmentally friendly
vessels without compromising operational capabilities. The vessel design will
reduce emission of greenhouse gases significantly. The vessels will also be
prepared for future zero-emission operations based on Enova support. This
technology is based on Liquid Organic Hydrogen Carrier (LOHC), which will ensure
safe and efficient use of hydrogen as an energy source” says Kenneth Walland.

For more information, please contact:
Kenneth Walland, CEO, Edda Wind ASA
Phone: +47 916 93 418
E-mail: kenneth.walland@eddawind.com

Read more a www.eddawind.com

ABOUT EDDA WIND
Edda Wind is a leading pure play offshore wind service company headquartered in
Haugesund, Norway. The Company develops, builds, owns, and operates
purpose-built Service Operation Vessels (“SOV”) and Commissioning Service
Operation Vessels (“CSOV”) for offshore wind farms worldwide.

Edda Wind is creating the next generation of offshore wind service vessels and
works closely with partners to develop new technologies to reduce emissions
without compromising operational capabilities or cost competitiveness.

As of today, the Company owns and operates two purpose-built offshore wind SOVs,
operates one chartered frontrunner, and with this last order has eight dedicated
offshore wind vessels under construction – two offshore wind SOVs and six
offshore wind CSOVs – with delivery from 2022. All newbuild vessels are prepared
for zero-emission utilising liquid organic hydrogen carrier as an energy source.

Read more: www.eddawind.com


This information is considered to include inside information pursuant to the
Market Abuse Regulation article 17 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Tom Johan Austrheim, CFO, Edda Wind ASA,
on 14 November 2022 at 12:40 CET.

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