With additional investment required to further capitalize on renewables market potential, joint owners of Edda Wind, Wilhelmsen and Østensjø, have agreed to seek an initial public offering on Euronext Growth Oslo (formerly Merkur Market).

Newly ordered 'SOV Edda Passat' and 'SOV Edda Mistral' (Image: Salt Ship Design)

Newly ordered 'SOV Edda Passat' and 'SOV Edda Mistral' (Image: Salt Ship Design)

Anticipating long-term growth for the renewable energy sector, the company has also placed an order for two additional Commissioning Service Operation Vessels (CSOV), bringing its fleet up to eight.

Launched in 2018, Edda Wind owns and operates service vessels supporting the maintenance work conducted during the commissioning and operation of offshore wind parks.

“The Wilhelmsen group’s strategy is very clear, to further expand into renewables, by working together with partners, and leveraging our expertise and assets. So, finding an opportunity like this to work with Østensjø and invest in Edda Wind, a growing company, rapidly expanding its fleet with future-focused emission free vessel technologies is ideal,” says Thomas Wilhelmsen, CEO of the Wilhelmsen group.

Reflecting the rapid development of the offshore wind market, Edda Wind currently has two vessels in service, and already has four cutting edge, low-emission service vessels on order with yards, with delivery expected 2022.

By Jake Frith