Ørsted and ESVAGT enter into a long-term service operation vessel agreement
Ørsted and ESVAGT have entered into a long-term service operation vessel (SOV) agreement for an undisclosed offshore wind farm.
Counterparts (2)
Sign up free to access full counterpart details, deal analysis, and timeline.
Sign up free →Source Intelligence
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."
"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."
"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."
Timeline
Get the full picture — timeline, source intelligence, and counterpart analysis.
Sign up free →
Global Infrastructure Sherpa