Edda Wind sheds Mistral Enabler SOV

Oslo-listed offshore wind support vessel pureplay Edda Wind has sold one of its service operations vessels.

The transaction was done through its subsidiary West Energy which sold all outstanding shares in Puerto de Llafranc S.L., the registered owner of the vessel 2018-built Mistral Enabler. The financial details were not revealed.

Closing of the transaction is expected to take place in early April 2025. The vessel is currently working on a contract for Danish offshore wind giant Ørsted. The current contract with the Danish firm will transition to the new owner of the vessel.

This move follows the sale of Mistral Enabler’s sister vessel, Edda Passat, which the company sold in March last year.

The proceeds from the sale will be used for general corporate purposes, including the repayment of outstanding debt related to the SOV and will strengthen the company’s liquidity position and balance sheet.

The sale of the vessel homogenises the company’s CSOV and SOV fleet, all prepared for zero-emission using hydrogen or methanol as an energy source.

Following the sale, Edda Wind will own and operate two offshore wind SOVs and five CSOVs. The company also has five CSOVs under construction, four of which are expected to be delivered in the second quarter of 2025.