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Edda Wind sells Edda Passat

By: Sue Allen 22/03/2024 Edda Wind

General Logistics Vessels

Edda Wind ASA (“Edda Wind” or the “Company”) announced on 9 February 2024 that the Company had, through its subsidiary West Energy AS, entered into a sale and purchase agreement regarding the sale of all outstanding shares in Puerto de Calella S.L., the registered owner of the vessel Edda Passat. The transaction was concluded 20th March 2024.

The proceeds from the sale will be used for general corporate purposes, including the repayment of outstanding debt related to Edda Passat.

Edda Passat was built by Astilleros Gondán, in Spain and delivered in early 2018. The 81 metre vessel was originally ordered for a five-year O&M charter with Ørsted working on Race Bank OWF. Since then, it has worked in the Germany market and is currently working in France on the Saint-Brieuc OWF.

According to Edda Wind, the rationale for the sale of the vessel is to optimise the Company’s fleet strategy, including alignment of vessel design. The Company has eight dedicated offshore wind vessels under construction – one SOV and seven CSOVs, all with modern design and with large flexibility built in. All new build vessels are prepared for zero-emission utilising liquid organic hydrogen carrier and/or methanol as an energy source.

Edda Wind remains firm on its strategy to be a leading player within offshore wind and is currently the largest player in the space including all vessels under construction.

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Edda Wind sells Edda Passat

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