Wilhelmsen throws weight behind Østensjø subsidiary

Rendering of Edda Wind’s offshore newbuildings (Source: Edda Wind)

Wilhelmsen has taken a 25% holding in Østensjø subsidiary, Edda Wind, with an option to acquire a further 25% before June next year. The terms of the deal were not made public.

Edda Wind owns and operates service vessels engaged in the commissioning and operation of offshore wind farms. The company has two Spanish-built service operation vessels in service and four more on order, also in Spain. Two of these have already been fixed on long-term charters with MHI Vestas and Ocean Breeze Energy.

Thomas Wilhelmsen, CEO of the group, commented: “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. With our unrivalled global network, decades of in-depth logistical and operational expertise, and experience in the renewable space, Wilhelmsen is uniquely equipped to help unlock Edda Wind’s enormous potential.”

Østensjø Group owner, Johannes Østensjø, said: “Wilhelmsen’s strong brand, competence and global position, combined with both companies’ ambition to develop new green solutions, will further strengthen Edda Wind’s position to become a world-leading provider of offshore wind services. 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.”

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