Integrated Wind Solutions ASA (“IWS”) is pleased to announce that it has, through its fully owned subsidiary, IWS Fleet AS, entered into shipbuilding contracts for the construction of two Walk-to-Work Commissioning Service Operations Vessels (“CSOV”). The vessels are scheduled for delivery in H1 2024 from China Merchants Industry, Hong Kong. Currently IWS has two identical vessels on order for delivery in 2023 and option agreements for up to two additional vessels for potentially H2 2024 delivery.
The firm yard price for the two vessels is about EUR 48m per vessel. Approximately 50% of the vessel value is related to Norwegian export companies providing advanced technology ensuring safe and efficient operations during operations of the vessel.
After delivery, IWS will have a fleet of four identical Skywalker class vessels designed specifically to support commissioning works during the construction of wind farms, as well as supporting operations and maintenance during the lifetime of offshore wind farms, bottom fixed and floating.
“We are very pleased to expand our fleet by another two vessels which will be uniquely positioned for a strong and growing offshore wind market when delivered in 2024. We do see increased interest in our vessels and the integrated services that IWS provides, as demonstrated by the charter contracts with Dogger Bank Offshore Windfarm. This newbuilding order is a further step towards our ambition of providing efficient services to the offshore wind industry” says Lars-Henrik Røren, CEO of Integrated Wind Solutions ASA.
The first vessel of this class, IWS Skywalker, will directly after delivery commence its first out of two firm contracts at the Dogger Bank Wind Farm in summer 2023. Furthermore, IWS has been notified by Dogger Bank Wind Farm that they intend to sign a third charter contract for one of IWS’ Skywalker class vessels with commencement in 2025. Dogger Bank Wind Farm is owned by SSE, Equinor, and ENI.
These hybrid powered vessels will be among the first vessels in the industry capable of zero-emission operations. The vessels are designed by Kongsberg Maritime and equipped with the latest generation fully compensated gangway and 3d crane. The vessels have several “industry firsts”, such as the largest battery pack with solar panels for additional charging, hull and propulsion design increasing operability and reducing emissions, and an energy consumption estimated to be 20% lower than comparable CSOVs currently under construction. The vessels are also the first in the industry to have the “DNV SILENT” notation, which focuses on minimising the impact on marine life below water. The vessels’ advanced technology will reduce annual emissions by more than 1,300t CO2 equivalents per vessel.