Joining forces to fast track Edda Wind

Three of Edda Wind’s four newbuilds Photo: Edda WindThree of Edda Wind’s four newbuilds Photo: Edda Wind

Wilhelmsen and Østensjø have joined forces to fast track the growth of renewable energy company Edda Wind.

Launched in 2018 by Østensjø, Edda Wind owns and operates service vessels supporting the maintenance work conducted during the commissioning and operation of offshore wind parks. The agreement will see Wilhelmsen initially acquire 25% of the company with an option to buy a further quarter before June 2021. Østensjø Rederi will continue to manage the Edda Wind fleet.

“With our unrivalled global network, decades of in-depth logistical and operational expertise, and experience in the renewable space, through our NorSea and Elevon interests, Wilhelmsen is uniquely equipped to help unlock Edda Wind’s enormous potential,” explained Thomas Wilhelmsen, chief executive of the Wilhelmsen group.

“We also know a thing or two about hydrogen as a marine fuel, which might come in handy for the future vessels,” he added.

Edda Wind currently has two vessels in service, and four cutting edge, low-emission service vessels on order with yards. Long-term charter agreements are in place for two of the newbuilds ahead of their expected delivery in 2022.

“We have learned to know Wilhelmsen as a solid and knowledgeable company that stands for many of the same values as Østensjø Rederi, which makes me confident that this partnership will be both long-lasting and successful,” said Johannes Østensjø, owner of the Østensjø Group.

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