Edda Wind ASA : New Contracts

21 Mar 2023 05:56 CET

Edda Wind has signed contracts with Vestas for work in 2024 and 2025 totaling at
least 750 days firm work with options for extension of each work scope. The
contracts have been signed at rates above levels recorded in recent years and
within the range of dayrates forecasted by analysts in the C/SOV market.

The new contracts demonstrate the company’s ability to provide flexible
solutions to our charterers by utilizing the interchangeability of the Edda Wind
vessels and our fleet size, says CEO Kenneth Walland.

The vessels that will serve the contracts are to be nominated from Edda Winds
fleet of CSOVs at a later stage. All CSOVs in the fleet can accommodate 120
persons and have flexibility and operability that enable them to service these
projects as well as wind farms worldwide. They are all prepared for
zero-emission operations with hydrogen as energy carrier in a Liquid Organic
Hydrogen Carrier (LOHC) concept.

For further information, please contact:

Kenneth Walland, CEO Edda Wind
Phone: +47 916 93 418
E-mail: kenneth.walland@eddawind.com

Tom Johan Austrheim, CFO Edda Wind
Phone: +47 982 09 873
E-mail: tom.johan.austrheim@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 has twelve dedicated offshore wind
vessels under construction – two SOVs and ten CSOVs. All newbuild vessels are
prepared for zero-emission utilising liquid organic hydrogen carrier as an
energy source.
Read more: www.eddawind.com

More information:
Access the news on Oslo Bors NewsWeb site