Performance of Boskalis’ offshore energy in the first quarter of 2022 is in line with expectations with a revenue level comparable to the first quarter of 2021, said the company in a trading update.
A number of offshore wind projects were acquired in the first quarter, including the export cable for Hollandse Kust West Beta.
On balance, the offshore energy order book increased by 20% compared to the end of 2021, said Boskalis.
It also acquired another large cable project in the course of the second quarter for a new unnamed offshore wind farm to be constructed off the east coast of the US.
This brings the share of offshore wind projects to more than 60% of the order book, the company said.
The contracting part of the division consists of seabed intervention, heavy lifting (including offshore wind foundations) and subsea cables.
At seabed intervention, the offshore wind projects Yunlin (Taiwan) and Fecamp (France) contributed to the revenue.
At subsea cables, 2022 is expected to be a relatively quiet year compared to previous years and Ostwind 2 is the largest project in progress.
Heavy lifting was busy with preparations for the transport and installation of foundations in Taiwan where the new crane vessel Bokalift 2 is expected to enter service on the Changfang & Xidao project later this quarter.