Wind turbine installation vessel

Havfram Wind signs contract with RWE for turbine transport and installation support for Nordseecluster offshore wind projects

Retrieved on: 
Wednesday, December 13, 2023
Farm, Wind, Wind turbine installation vessel, Transport, RWE, Renewable energy

Havfram Wind is to transport and support the installation of 104 Vestas offshore wind turbines with a capacity of 15 megawatts each, which are to be installed throughout two construction phases.

Key Points: 
  • Havfram Wind is to transport and support the installation of 104 Vestas offshore wind turbines with a capacity of 15 megawatts each, which are to be installed throughout two construction phases.
  • Both of Havfram Wind's newbuild state-of-the-art Wind Turbine Installation Vessels will be utilised throughout both phases.
  • Even Larsen, CEO of Havfram Wind stated, "We are very pleased to successfully conclude the negotiations with RWE for the Nordseecluster projects.
  • The agreement with Havfram Wind, which encompasses all four projects, attests to the efficiency of concentrating activities such as procurement."

Havfram signs Green ECA Term Loan Facility to fully finance newbuilding programme

Retrieved on: 
Tuesday, November 21, 2023
Wind, Senior, Wind turbine installation vessel, Facility, CFO, Insurance, ECA, Investment, Crédit Agricole, Sparebank, Sandbrook, Bookrunner, Central Liquidity Facility, DNB ASA, Yantai CIMC Raffles Shipyard, Rabobank, Renewable energy

OSLO, Norway, Nov. 21, 2023 /PRNewswire/ -- Today, Havfram has signed a Senior Secured Green ECA Term Loan Facility (the "Facility") to fund its two Wind Turbine Installation Vessels ("WTIVs"), currently under construction at CIMC Raffles.

Key Points: 
  • OSLO, Norway, Nov. 21, 2023 /PRNewswire/ -- Today, Havfram has signed a Senior Secured Green ECA Term Loan Facility (the "Facility") to fund its two Wind Turbine Installation Vessels ("WTIVs"), currently under construction at CIMC Raffles.
  • The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator, Bookrunner, Green Loan Advisor and Agent) with SpareBank 1 SR-Bank ASA, Credit Agricole, Sparebanken Vest and Rabobank as Mandated Lead Arrangers and with Export Finance Norway as ECA lender.
  • The Facility is also partly supported by an insurance provided by Atradius Dutch State Business N.V, the ECA of The Netherlands.
  • This facility is a shining example to this collaboration, and supports our work to harvest clean energy from offshore wind."

NOV Reports First Quarter 2023 Earnings

Retrieved on: 
Wednesday, April 26, 2023
Technology, Environment, Oil, Gas, Other Technology, Sustainability, Energy, Pressure, FPSO, MWD, Obstruction, Brandt, IDT, Bank statement, AHC, Ageing, Floating production storage and offloading, Minister for Corporate Information Services (Northern Territory), WDP, KTS, Carbon, WTIV, Wind, Wind turbine installation vessel, DBS, Continental shelf, EBITDA, TMP, Norwegian continental shelf, BPM, Fresh water, Lifting, ROP, Norris Production Solutions, Digital, Cocoon, Robotics, Adjustment, NOV, Safety, Completion, NYSE, IA Financial Group, Video game, Renewable energy, Natural gas

NOV Inc. (NYSE: NOV) today reported first quarter 2023 revenues of $1.96 billion, a decrease of 5 percent compared to the fourth quarter of 2022 and an increase of 27 percent compared to the first quarter of 2022.

Key Points: 
  • NOV Inc. (NYSE: NOV) today reported first quarter 2023 revenues of $1.96 billion, a decrease of 5 percent compared to the fourth quarter of 2022 and an increase of 27 percent compared to the first quarter of 2022.
  • Completion & Production Solutions generated revenues of $718 million in the first quarter of 2023, a decrease of three percent from the fourth quarter of 2022 and an increase of 35 percent from the first quarter of 2022.
  • Rig Technologies generated revenues of $550 million in the first quarter of 2023, a decrease of 11 percent from the fourth quarter of 2022 and an increase of 25 percent from the first quarter of 2022.
  • NOV will hold a conference call to discuss its first quarter 2023 results on April 27, 2023 at 10:00 AM Central Time (11:00 AM Eastern Time).

Havfram Wind doubles fleet with order of second Wind Turbine Installation Vessel

Retrieved on: 
Tuesday, April 18, 2023
EPC, Yantai CIMC Raffles Shipyard, Wind, Carbon, WTIV, Vattenfall, Wind turbine installation vessel, Commercial director, XXL, Raffles, RWE, Renewable energy

OSLO, Norway , April 18, 2023 /PRNewswire/ -- Havfram Wind has ordered a second state-of-the-art Wind Turbine Installation Vessel (WTIV).

Key Points: 
  • OSLO, Norway , April 18, 2023 /PRNewswire/ -- Havfram Wind has ordered a second state-of-the-art Wind Turbine Installation Vessel (WTIV).
  • Martin Degen, Commercial Director and Vice President of Havfram Wind stated: "Globally, we experience a steadily growing demand for offshore wind capacity.
  • At the same time, developments within wind turbine technology cause larger wind turbine components and require therefore larger Wind Turbine Installation vessels.
  • "We are pleased to firm our existing agreement with this second vessel for Havfram Wind and are proud to be a partner for the development of Havfram`s offshore wind business.

Bleutec Industries Announces Equity Commitment from EnCap Investments

Retrieved on: 
Wednesday, November 30, 2022
Finance, Alternative Energy, Energy, Professional Services, Other Energy, Growth, Supply, Service, Partner, EnCap, Wind turbine installation vessel, Engineering, Wind, Lifting, PIV, SOV Windermere, Transport, EnCap Investments, Maintenance, Shell, John Wood Group, Mentorship, Renewable energy

Bleutec Industries LLC (Bleutec), builder, owner, and operator of Jones Act-compliant offshore wind turbine installation vessels, today announced that it has secured a significant capital commitment from EnCap Investments L.P .

Key Points: 
  • Bleutec Industries LLC (Bleutec), builder, owner, and operator of Jones Act-compliant offshore wind turbine installation vessels, today announced that it has secured a significant capital commitment from EnCap Investments L.P .
  • (EnCap), a leading provider of equity capital to the independent sector of the U.S. energy industry.
  • The Bleutec team is a natural fit with the EnCap Energy Transition portfolio and we look forward to their continued growth and success.
  • Since 1988, EnCap Investments has been a leading provider of growth capital to the independent sector of the U.S. energy industry.

Eneti Inc. to Announce Fourth Quarter 2021 Results

Retrieved on: 
Wednesday, February 16, 2022
Private Securities Litigation Reform Act, NYSE, Webcast, Record, Wind, Legislation, Company, Contract, Public expenditure, Forward-looking statement, U.S. Securities and Exchange Commission, Security (finance), International, Wind turbine installation vessel, Goal, Insurance, Accident, Coronavirus, Investment, COVID-19, WTIV, GLOBE, Internet, Risk management

MONACO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the Company) plans to announce fourth quarter 2021 financial results in a press release that will be issued before the market opens on Wednesday, February 23, 2022.

Key Points: 
  • MONACO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the Company) plans to announce fourth quarter 2021 financial results in a press release that will be issued before the market opens on Wednesday, February 23, 2022.
  • A conference call to discuss the Companys results will be held at 9:00 AM Eastern Standard Time / 3:00 PM Central European Time on February 23, 2022.
  • There will also be a simultaneous live webcast over the internet, through the Eneti Inc. website www.eneti-inc.com .
  • Eneti Inc. is focused on the offshore wind and marine-based renewable energy industry and has invested in the next generation of wind turbine installation vessels.

Eneti Inc. Announces a Commitment for a Five-Year $175 million Multicurrency Senior Secured Green Term Loan and Revolving Credit Facility and Announces the Repayment of $105.3 million of Existing Debt

Retrieved on: 
Tuesday, February 15, 2022
Private Securities Litigation Reform Act, NYSE, Primary Dealer Credit Facility, Record, Citibank, Documentation, Wind, Crédit Industriel et Commercial, Legislation, Company, Crédit Agricole Corporate and Investment Bank, Contract, Public expenditure, Forward-looking statement, U.S. Securities and Exchange Commission, Société Générale, Security (finance), Wind turbine installation vessel, Goal, Commercial, Investment banking, Insurance, Accident, Coronavirus, Investment, Line of credit, COVID-19, WTIV, Swanson v. Citibank N.A., GLOBE, Bank, Risk management

The Credit Facility, which was over-subscribed, bears interest at the applicable benchmark plus 3.05%-3.15%, and may be partially drawn in Euros.

Key Points: 
  • The Credit Facility, which was over-subscribed, bears interest at the applicable benchmark plus 3.05%-3.15%, and may be partially drawn in Euros.
  • It is subject to customary conditions precedent and the execution of definitive documentation and is expected to close within the second quarter of 2022.
  • Additionally, the Company repaid (i) in December 2021, $17.7 million of redeemable notes due March 2022, and (ii) in February 2022, $87.65 million of 8% subordinated debt due September 2022.
  • Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

Eneti Inc. to Announce Third Quarter 2021 Results

Retrieved on: 
Thursday, December 2, 2021
Private Securities Litigation Reform Act, Public expenditure, Security (finance), International, Coronavirus, Insurance, Wind, Forward-looking statement, Company, NYSE, Contract, U.S. Securities and Exchange Commission, COVID-19, Legislation, Record, Goal, WTIV, Investment, GLOBE, Webcast, Accident, Internet, Wind turbine installation vessel, Risk management

MONACO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the Company) plans to announce third quarter 2021 financial results in a press release that will be issued before the market opens on Wednesday, December 8, 2021.

Key Points: 
  • MONACO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the Company) plans to announce third quarter 2021 financial results in a press release that will be issued before the market opens on Wednesday, December 8, 2021.
  • A conference call to discuss the Companys results will be held at 10:00 AM Eastern Standard Time / 4:00 PM Central European Time on December 8, 2021.
  • There will also be a simultaneous live webcast over the internet, through the Eneti Inc. website www.eneti-inc.com .
  • Eneti Inc. is focused on the offshore wind and marine-based renewable energy industry and has invested in the next generation of wind turbine installation vessels.

Eneti Inc. to Announce Second Quarter 2021 Results

Retrieved on: 
Monday, August 9, 2021
Investment, U.S. Securities and Exchange Commission, Accident, Private Securities Litigation Reform Act, Wind turbine installation vessel, GLOBE, COVID-19, Wind, Contract, International, Webcast, Internet, Public expenditure, NYSE, Forward-looking statement, Record, WTIV, Legislation, Coronavirus, Insurance, Security (finance), Goal, Company, Risk management

MONACO, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the Company) plans to announce second quarter 2021 financial results in a press release that will be issued before the market opens on Tuesday, August 17, 2021.

Key Points: 
  • MONACO, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the Company) plans to announce second quarter 2021 financial results in a press release that will be issued before the market opens on Tuesday, August 17, 2021.
  • A conference call to discuss the Companys results will be held at 10:00 AM Eastern Daylight Time / 4:00 PM Central European Summer Time on August 17, 2021.
  • There will also be a simultaneous live webcast over the internet, through the Eneti Inc. website www.eneti-inc.com .
  • Eneti Inc. is focused on marine-based renewable energy and has invested in the next generation of wind turbine installation vessels.

Eneti to Acquire Seajacks to Become the World’s Leading Owner and Operator of Wind Turbine Installation Vessels (WTIV)

Retrieved on: 
Thursday, August 5, 2021
Public expenditure, Internet, Insurance, Limited liability partnership, Board, New York Stock Exchange, INCJ, Samsung Heavy Industries, Earnings before interest, taxes, depreciation and amortization, Private Securities Litigation Reform Act, Canada Steamship Lines Ltd v R, WTIV, Employment, International, Depreciation, Security (finance), Mitsui, Wind, Documentation, Interest, Sellers, ING Group, BofA Securities, Growth, Legislation, Sherman, Board of directors, GLOBE, Company, Record, U.S. Securities and Exchange Commission, Webcast, Investment, Wind turbine installation vessel, Coronavirus, Bulk carrier, Contract, Marubeni, COVID-19, Foundation, Accident, CMS, New, Libor, Goal, Forward-looking statement, Renewable energy, Management, Risk management

The share consideration is comprised of 7,433,031 common shares and 700,000 preferential shares in Eneti, subject to closing adjustments.

Key Points: 
  • The share consideration is comprised of 7,433,031 common shares and 700,000 preferential shares in Eneti, subject to closing adjustments.
  • In order to satisfy a portion of Seajacks debt, the Sellers will receive cash consideration of $12 million.
  • Seajacks flagship, NG14000X design Seajacks Scylla, was delivered from Samsung Heavy Industries in 2015, and it is currently employed in Asia.
  • Eneti Inc. is focused on marine-based renewable energy and has invested in the next generation of wind turbine installation vessels.