Wind energy – transport and installation
Fred. Olsen Windcarrier (FOWIC) has over the last two months signed 3 new turbine transport and installation contracts with a combined value of up to EUR 124 million.
The contracts are linked to work in 2022-2024 in both Europe and APAC regions.
Two will be executed with an upgraded vessel, and combined the projects will cover up to 630 vessel days.
All three contracts are repeat contracts building on existing client relationships, and each represent unique challenges in terms of operating in demanding soil conditions or requiring local knowledge and experience.
Together with the previously announced temporary reallocation of a second vessel to Taiwan, FOWIC’s backlog now stands at approx. EUR 353 m including options of which 80% is firm revenue.