Edda Wind heads to Sri Lanka and Spain for more SOV new builds

Norway’s Edda Wind has pledged to build three new offshore wind farms to fulfill its promise to expand its business after a listing in Oslo last year.

The company, backed by Ostensjo Rederi and the Wilhelmsen Group, has selected Spanish and Sri Lankan yards for the Commissioning Service Operation Vessels (CSOV) designed by SALT.

This brings its newbuild streak to nine ships and the fleet to 11 units in all.

The new ships will be prepared for zero-emission technology like the others.

One will be built at Astilleros Gondan in Spain and two at Colombo Dockyard in Sri Lanka.

Additionally, the company has an indefinite number of options with shipyards to build more ships.

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“The order of three more purpose-built CSOVs will further strengthen Edda Wind’s leadership position in offshore wind,” said Kenneth Walland, CEO of Edda Wind.

“By building a series of ships like this, and with the experience and knowledge we have of the ships currently under construction, we are able to acquire these ships at competitive prices,” he added. .

Big growth to come

Walland expects “enormous” growth in the sector over the next few decades.

The new Spanish construction is scheduled for July 2024 and will be a sister to four ships already under construction in Gondan.

The first Sri Lankan CSOV will be delivered in January 2024 and the second in July.

Colombo Dockyard is 51% owned by Japan’s Onomichi shipyard.

The role of chairman and some leadership positions are held by Onomichi executives.

The shipbuilder delivered a complex cable-laying vessel of Vard design to Japanese company Kokusai Cable Ship Co in 2019.

Colombo also builds bulk carriers and a cablelay and repair vessel for European shipowners.

The 89.3 meter CSOVs will house 97 technicians and 23 crew members.

The ships will fly the Norwegian flag.

Liquid hydrogen fuel on maps

Edda Wind is developing liquid organic hydrogen technology for its fleet, with Hydrogenious LOHC Maritime.

Earlier this month, Edda Wind repaired another new building at Astilleros Balenciaga in Spain for five years for Siemens Gamesa.

The deal means Edda Wind has long-term work for six ships.

The Service Operation Vessel (SOV) was ordered in April 2020 for €42.4 million ($47.9 million).

In November, Edda Wind completed an IPO in Oslo worth $116 million.

Shipping heavyweight investors John Fredriksen and Idan Ofer participated, along with Nordea Investment Management, subscribing for NOK 465 million worth of shares.