Offshore wind contractor Havfram and JP Morgan Global Alternatives have signed a letter of intent with CIMC-Raffles for the construction of wind turbine installation vessels (WTIVs).
The next-generation vessels will be offered for market entry in 2024 and the first in the series will be built at CIMC-Raffle’s Yantai yard in China for delivery in that year.
The plan is to operate several vessels in the global offshore wind market with both traditional jack-ups for turbine installation as well as a cost-effective feeder-solution for the US market in particular.
The WTIVs have been designed and created by an experienced offshore wind team focusing on installation efficiency in partnership with Gusto MSC as ship designer and in close collaboration with leading offshore wind developers and turbine suppliers, Havfram said.
The design includes green technologies and lessons learned from more than a decade of experience from WTIV operations and offshore wind construction.
JP Morgan’s Global Transportation group is an active developer, owner and operator of a broad range of air, sea, and land-based transportation assets.