Letter of intent for wind turbine installation vessel

The new WTIV will be built by Daewoo for delivery in 2023 (Source: Scorpio Bulkers)

Monaco-based shipping company Scorpio Bulkers has signed a letter of intent to construct a wind turbine installation vessel (WTIV). The initial vessel will be built at South Korean yard Daewoo Shipbuilding and Marine Engineering and is due be delivered in 2023.

The total project cost is expected to be approximately $265-$290 million, subject to final design modifications. The deal contains three options for additional vessels. The contract is expected to be signed early in the fourth quarter of 2020 and will include options to construct up to an additional three units having similar specifications.

The WTIV is an NG-16000X design from GustoMSC and includes a 1500 Leg Encircling Crane (LEC) from Huisman Equipment BV. The vessel will have the capacity to install onto pre-prepared foundations for the largest wind turbines currently designed, at a height of over 185m above sea level and in water depth in excess of 65m. The vessel incorporates various features and green innovations, such as hybrid battery power and fuel cell readiness, that significantly improve the operating window and efficiency and accelerate all-important “time to first power” for customers.

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