Deals Counterparts

Ørsted and ESVAGT enter into a long-term service operation vessel agreement

Supply Agreement Offshore Wind announced Denmark Sep 15, 2025
operating
Stage

Ørsted and ESVAGT have entered into a long-term service operation vessel (SOV) agreement for an undisclosed offshore wind farm.

Source Intelligence

KEY DETAILS

The SOV will operate under a 10-year contract. Quote: "The new SOV is scheduled for launch in 2026 and will operate from Ørsted’s UK East Coast Hub under a 10-year contract." The new SOV will be equipped with dual-fuel engines, allowing it to run on renewable e-methanol produced from renewable energy and biogenic carbon. Quote: "The new SOV will be equipped with dual-fuel engines, allowing it to run on renewable e-methanol produced from renewable energy and biogenic carbon." This change will result in an annual reduction of approximately 4,500 tonnes of carbon emissions. Quote: "This change will result in an annual reduction of approximately 4,500 tonnes of carbon emissions."

Location
The new SOV is scheduled for launch in 2026 and will operate from Ørsted’s UK East Coast Hub
Announcement
https://windinsider.com/2023/07/10/orsted-and-esvagt-ink-agreement-for-methanol-powered-vessel-for-carbon-neutrality-in-wind-farms/
COD
The new SOV is scheduled for launch in 2026
PARTIES MENTIONED IN SOURCE
Ø
Ørsted buyer

"Ørsted and ESVAGT have signed a contract to build a new vessel similar to the world’s first methanol-powered service operation vessel (SOV), which was announced in 2022."

E
ESVAGT seller

"Ørsted and ESVAGT have signed a contract to build a new vessel similar to the world’s first methanol-powered service operation vessel (SOV), which was announced in 2022."

high quality Enriched Feb 19, 2026

Timeline

Announced
Sep 15, 2025
Signed
Closed

Market Context

This deal is part of the Offshore Wind sector in Denmark.
30
Offshore Wind deals
26
deals in Denmark
1 of 30 Offshore Wind deals tracked this month · Updated daily

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