Successful delivery of IWS Sunwalker

22 Sep 2025 13:45 CEST

Integrated Wind Solutions ASA (“IWS”) has, through its subsidiary, IWS Fleet AS,
today taken delivery of its sixth Commissioning Service Operation Vessel
(“CSOV”), IWS Sunwalker, from the shipyard China Merchants Industry Holdings
Co., Ltd. (“CMI”).

IWS Sunwalker is a state-of-the-art Commissioning Service Operation Vessel
(“CSOV”), purpose-built to provide services to offshore wind farms. The vessel
is the final in a series of six identical Skywalker Class sister vessels
delivered by the shipyard CMI. It was ordered in January 2023 and delivered in
line with the original yard price of approximately EUR 52.5 million.

With this delivery, IWS Fleet has completed its EUR 288 million newbuilding
program with the yard. The newbuilding program was debt-financed by the green
senior secured credit facility of EUR 186.9 million, of which EUR 170 million is
currently outstanding after repayments. The company is in a strong financial
position with an average secured debt of only EUR 28 million per vessel.

The Skywalker Class is designed by Kongsberg Maritime and equipped with the
latest generation 3D compensated gangway and crane systems. The vessels have
several “industry firsts”, such as the largest battery packs in the industry
with solar panels for additional charging, and a novel hull and propulsion
design that increases operability and reduces emissions. The vessels are the
first in the industry to have the “DNV SILENT” notation, which focuses on
minimising the impact on marine life below water.

Christopher Andersen Heidenreich, COO and Managing Director of IWS Fleet,
commented:
“We are proud to take delivery of IWS Sunwalker today. This is the sixth and
final Skywalker Class CSOV to be delivered by the shipyard, and this concludes
our current newbuilding program. With IWS Sunwalker joining her identical sister
vessels, IWS Fleet now operates one of the most modern and energy-efficient
fleets in the industry, and is ready to continue to support the development of
offshore wind projects in the years to come.”

For investor relations queries, contact

Marius Magelie
Group CFO, Integrated Wind Solutions
Phone: +47 920 27 419
E-mail: mm@integratedwind.com

For press queries, please contact

Lars-Henrik Røren
CEO, Integrated Wind Solutions
Phone: +47 98 22 85 06
E-mail: lhr@integratedwind.com

About IWS:
Integrated Wind Solutions ASA offers a fleet of state-of-the-art service vessels
to the offshore wind industry, combined with a suite of adhering services. The
Company owns approximately 75% of IWS Fleet, which has six Commissioning Service
Operation Vessels delivered. Furthermore, IWS owns the offshore wind
supply-chain service company, IWS Services A/S, and a 49% shareholding in the
independent advisor, consultancy, data intelligence, and wind farm operator firm
PEAK Wind Group.

Integrated Wind Solutions ASA is listed on Euronext Oslo Børs under the ticker
“IWS”.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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