Edda Wind, through its subsidiary West Energy AS, has entered into an agreement to sell its offshore wind vessel Mistral Enabler.
The company has entered into a sale and purchase agreement regarding the sale of all outstanding shares in Puerto de Llafranc, which is the registered owner of Mistral Enabler.
The transaction is subject to customary closing conditions and closing is expected to take place early April 2025.
In connection with the sale, a current contract with Orsted will be novated to the new owner of Mistral Enabler.
The proceeds from the sale will be used for general corporate purposes, including the repayment of outstanding debt related to Mistral Enabler, and will further strengthen the company’s liquidity position and balance sheet.
The sale of Mistral Enabler also follows the sale of Mistrals Enabler’s sister vessel, Edda Passat (pictured), which the company sold in March 2024.
Following the sale of Mistral Enabler, Edda will own and operate two purpose-built offshore wind SOVs and five CSOVs.
In addition, the company has five CSOVs under construction, of which four vessels are expected to be delivered in Q2 2025.