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Edda Wind has entered into agreements for the potential sale of its fleet of service operation vessels (SOVs) and commissioning SOVs (CSOVs), including newbuilds, with two buyers amongst which the fleet will be split: North Star and an affiliate of Navigare Capital Partners.
The vessel operator said on 4 March that additional information would be provided upon closing of the transaction, with the completion of the sale still being subject to completing inspections and certain conditions being met.
According to Edda Wind’s website, the company’s fleet currently comprises six CSOVs and one SOV, with three CSOVs on order.
In June and August last year, the Norwegian company took delivery of two CSOVs, Austri Enabler and Monsoon Enabler , respecively. In the first quarter of 2025, Edda Wind sold its SOV Mistral Enabler , formerly known as Edda Mistral , a year after the company sold its sibling vessel Edda Passat .
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Edda Wind Sells SOV Chartered by Ørsted Business & Finance As for the fleet buyers, North Star, a UK-based provider of offshore wind service vessels which was acquired by Partners Group in 2022, secured GBP 425 million (nearly EUR 500 million) in debt in 2024 to grow its fleet of SOVs for the European market.
Last year, RWE entered into a long-term partnership with North Star for the charter of two CSOVs and also signed reservation agreements for two newbuild SOVs the UK shipowner has on order with Vard.