Wind Energy – installation vessels
Fred. Olsen Windcarrier (FOWIC) announced its intention to launch an initial public offering (IPO) of new shares and apply for a listing on the Oslo Stock Exchange.
The Fred. Olsen Windcarrier IPO is expected to comprise a primary offering of new shares raising gross proceeds of approximately EUR 150 million, which will be used to fully finance the equity portion for the new building the company aims to order, and for general corporate purposes.
FOWIC installs offshore wind turbines and provides operations and maintenance services on already installed wind turbines. The company already owns and operates three transport and installation jack-up vessels – Bold Tern, Brave Tern, and Blue Tern.
Since the delivery of its first vessels, FOWIC has installed approximately 20% of all offshore wind turbines globally (excluding China). With one of the industry’s largest high-end fleet, broad market presence and experienced organization, FOWIC provides its customers with premium services.
Alexandra Koefoed, Chief Executive Officer of Fred. Olsen Windcarrier, commented: “Offshore wind energy is key to the ongoing energy transition. We are proud of how Fred. Olsen Windcarrier over the last decade has been part of shaping what today is a truly global industry through establishing its position as one of the leading wind turbine installation contractors in the world. As the activity within this industry is set to further increase in the years to come, we are confident that Fred. Olsen Windcarrier will leverage on its extensive experience and trusted client relationships to further develop our already strong project pipeline.”
