Edda Wind’s SOV Prolongs Stay at Race Bank Offshore Wind Farm at Favourable Day Rates

Edda Wind and Ørsted have extended the charter agreement for the service operation vessel (SOV) Edda Passat, prolonging its deployment on the Race Bank offshore wind farm in the UK for seven months after the firm contract expires in March 2023.

The contract has been extended at day rates in excess of 25 per cent over current level, according to Edda Wind, whose SOV started working at the UK offshore wind farm in 2018.

The 7-month extension of the contract will be in effect immediately after the firm period ends in March.

Edda Wind says that the agreed rate for the extension, which is in excess of 25 per cent above the previous level, reflects the positive development in the SOV market.

“We are pleased that Ørsted has extended this contract beyond the 5 firm years. The offshore wind market has developed favourably, and we are satisfied that the new rate reflects this”, said Kenneth Walland, CEO of Edda Wind.

As part of the agreement, Ørsted has also agreed to waive the remaining options the company had on the vessel.

Edda Passat is a DP2 vessel with a motion compensated gangway system and 60 single cabins, which can accommodate up to 40 wind turbine technicians in addition to a marine crew of 20.

The 81.10-metre long vessel is working on the Race Bank offshore wind farm out of Grimsby.

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