Pelagic Partners sets up offshore wind fund, orders CSOVs

Cyprus-based investment enterprise, Pelagic Partners, has established a new vehicle, Pelagic Wind Fund, which has ordered a series of two+two+two new commissioning service operation vessels (CSOVs) at India’ Cochin Shipyard. The contract, worth EUR 350 million, is for CSOVs based on Kongsberg’s UT 5519 HL design, with dual-fuel engines, hybrid propulsion, and a zero-emission capability.

At the signing agreement in Cochin, executives from the newly established joint venture comprising Pelagic Partners, Pelagic Wind Services (PWS), and Cochin Shipyard, revealed that the first vessels will be delivered in the first quarter of 2025. PWS will provide both technical and commercial management services for the ships.

Andre Groeneveld, PWS managing director, said: “The newbuild vessels have major differentiating points such as a significantly increased dynamic positioning capability, highly efficient methanol-ready gensets and a fully electric autonomous gangway with large crane capacity. These assets will allow us to make a huge step towards our overall aim to become the leading provider of sustainable services for the renewables sector with a zero-emission footprint from A to Z.”