Edda Wind Secures Green Financing For Sustainable And Eco-Friendly New Construction Program.

Written by Paulo Nogueira

Published on 15/12/2023 at 15:18

Updated on 15/12/2023 at 15:19

Seja o primeiro a reagir!

Edda Wind Secured A Green Term Loan Contract For Pre And Post-Delivery Financing Of Four New Operational Vessels.

The company Edda Wind announced that it has secured a long-term green financing contract to support the construction and delivery of four new commissioning service vessels (CSOV) being built at Vard. This agreement represents a sustainable investment of € 161 million from a credit line provided by Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, DNB Bank ASA, and SpareBank 1 SR-Bank ASA, maturing in 2029 with a 12-year term. The mechanism corresponds to a leverage ratio of 60% of the total cost of the vessels ready for sea, reinforcing the company’s commitment to environmentally-friendly financing.

Green Financing: Sustainable Partnership With A Lender Group

We are pleased to secure another attractive green loan mechanism for our newbuilding construction program. Edda Wind is grateful for the support of a top-tier lender group committed to the offshore wind industry, and pleased to have further expanded our banking group, preparing us for the journey ahead. Following this agreement, 13 of our fleet’s 14 vessels have secured long-term financing, and we expect to finalize the financing for the remaining vessel in 2024, as soon as we reach the relevant milestones at the shipyard. With this installation, Edda Wind has raised over € 400 million in capital during 2023 for our newbuilding program,’ says Kenneth Walland, CEO of Edda Wind.

Green Financing: Expansion And Efficiency In Construction

The first two vessels are expected to be delivered in the first quarter of 2025, the third in the second quarter of 2025, and the fourth in the first quarter of 2026.

ARTICLE CONTINUES BELOW

See also

Shipbuilding Abroad Finance Vessels Industry News Offshore Wind Activity

The company Edda Wind celebrates another achievement in green financing, this time through a group of creditors committed to environmental sustainability. The guaranteed green loan mechanism further strengthens the company’s newbuilding construction program, solidifying its commitment to the offshore wind industry. With this sustainable partnership, Edda Wind secures long-term financing for 13 of its fleet’s 14 vessels, establishing an important step for the company’s future. The goal is to finalize financing for the last vessel by 2024, after reaching the relevant milestones at the shipyard.

Additionally, Edda Wind raised over € 400 million in capital during 2023 for its newbuilding program, consolidating its presence in the renewable energy sector. The expectation is to deliver the first two vessels in the first quarter of 2025, the third in the second quarter of 2025, and the fourth in the first quarter of 2026, demonstrating solid and efficient planning to achieve its expansion goals. This is another significant milestone for the company, which continues to expand its operations sustainably and ecologically responsibly.

These advances demonstrate Edda Wind’s commitment to green and sustainable financing, reflecting the importance of environmentally-friendly investments in the shipbuilding industry. The company stands out by securing green financing for its fleet, promoting sustainable shipbuilding and contributing to the development of eco-friendly vessels. With the addition of this new green loan mechanism, Edda Wind strengthens its position as a leader in the offshore wind sector, promoting sustainable activity and economic growth aligned with responsible environmental practices. The company continues its path toward a greener and more promising future.

0 Comentários

Mais recente

Mais antigos Mais votado

Feedbacks

Visualizar todos comentários

Edda Wind Secures Green Financing For Sustainable And Eco-Friendly New Construction Program.

Edda Wind Secured A Green Term Loan Contract For Pre And Post-Delivery Financing Of Four New Operational Vessels.

Green Financing: Sustainable Partnership With A Lender Group

Green Financing: Expansion And Efficiency In Construction

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Work at the Federal Institute and earn up to R$ 7,000: IFRJ calls for individuals with high school, technical, and higher education levels in a competition with 400 vacancies, assistance of R$ 1,175, Idecan as the organizing committee, and the announcement expected for May 2026.

Get a 100% free online degree at the Federal Institute: IFRN offers 40 spots in Internet Systems with selection based on ENEM scores (2021–2025), applications until 04/05, fee of R$ 25, and admission in 2026.

NASA surprises by revealing that a 4.6 billion-year-old asteroid carries essential molecules of life, including 14 amino acids and the 5 bases found in DNA and RNA.

Your public data will be processed by Chinese artificial intelligence.

End of Generation Z and Alpha: a new generation emerges with babies exposed to screens from the first months, with constant digital stimuli that may impact attention, memory, language, and emotional intelligence.

Edda Wind Secures Green Financing For Sustainable And Eco-Friendly New Construction Program.

Edda Wind Secured A Green Term Loan Contract For Pre And Post-Delivery Financing Of Four New Operational Vessels.

Green Financing: Sustainable Partnership With A Lender Group

Green Financing: Expansion And Efficiency In Construction

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.

Petrobras completes 1,300 hours of work and 15 km of subsea lines to connect the Búzios 90 well to the P-79 — the platform is ready to produce 180,000 barrels per day and is just awaiting ANP approval.

Iran declares the Strait of Hormuz completely open this Friday, and the price of oil plummets nearly 10% in a few hours — the largest drop since the beginning of the conflict.

While the world was paying more for fuel, the 100 largest oil companies on the planet raked in an extra $23 billion in just 30 days of blockage in the Strait of Hormuz.

Petrobras buys 75% of Oranto and becomes the operator of block 3 in São Tomé and Príncipe, resuming its strategy in Africa to diversify its portfolio and replenish oil and gas reserves.

Work at the Federal Institute and earn up to R$ 7,000: IFRJ calls for individuals with high school, technical, and higher education levels in a competition with 400 vacancies, assistance of R$ 1,175, Idecan as the organizing committee, and the announcement expected for May 2026.

Get a 100% free online degree at the Federal Institute: IFRN offers 40 spots in Internet Systems with selection based on ENEM scores (2021–2025), applications until 04/05, fee of R$ 25, and admission in 2026.

NASA surprises by revealing that a 4.6 billion-year-old asteroid carries essential molecules of life, including 14 amino acids and the 5 bases found in DNA and RNA.

Your public data will be processed by Chinese artificial intelligence.

End of Generation Z and Alpha: a new generation emerges with babies exposed to screens from the first months, with constant digital stimuli that may impact attention, memory, language, and emotional intelligence.