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Wilhelmsen buys 25% of a offshore wind business

Wilhelmsen buys 25% of a offshore wind business

Wilhelmsen has concluded an agreement with the Østensjø Group to acquire 25 percent of its Edda Wind offshore business unit.

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Wilhelmsen also secured an option to purchase another 25 per cent before June 2021 as part of the agreement.

Currently Edda Wind has two vessels in service and four service vessels on yard order. Long-term charter agreements for two of the four newbuilds were signed ahead of their expected delivery in 2022.

“The Wilhelmsen group’s strategy is very clear, to further expand into renewables, by working together with partners, and leveraging our expertise and assets. So, 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 idea,” stated Thomas Wilhelmsen, Wilhelmsen group CEO.

Maritime Business World 

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