Hamburg, February [18], 2025 – Windward Offshore is pleased to announce the securing of a senior loan facility for the post-delivery financing of the companies four Commissioning Service Operation Vessels (CSOVs) currently under construction at VARD.
The financing agreement signed end of last year with Crédit Agricole Corporate and Investment Bank (Crédit Agricole) and Export Finance Norway (Eksfin) includes a facility amount of up to EUR 182 million and marks another important milestone for Windward Offshore. The loan will be drawn in tranches upon the delivery of each vessel.
Bastian Hagebeuker, Managing Director of Windward Offshore stated: “We are grateful for this new partnership with top lenders Crédit Agricole and Eksfin, securing this very attractive financing for our fleet. It underlines the parties’ dedication to support the growth of the offshore wind industry and marks the start for a longstanding collaboration in the future.”
The vessels are central to Windward Offshore’s mission to deliver service solutions for the offshore wind industry. Scheduled for delivery in 2025 and 2026, they are designed to enhance the efficiency and safety of offshore wind farm commissioning and operations.
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“Windward Athens”, the first of the four CSOVs, has successfully launched at VARD Shipyards Romania – Tulcea on the 10th of February 2025
Windward Offshore, unites decades of shipping and offshore wind expertise to address the demand for high-quality offshore wind service vessels. For further details about Windward Offshore and its pioneering solutions, please visit www.windward-offshore.com.
For further information please contact:
Bastian Hagebeuker
Managing Director
finance@windward-offshore.com
About Windward Offshore
Windward Offshore was formed to establish an Integrated Offshore Wind Vessel & Service Company, building a robust portfolio of offshore wind service vessels, initially focusing on Commissioning Service Operation Vessels (CSOVs). By providing integrated solutions, combining vessels with Engineering, Maintenance and Operation Services, Windward Offshore is poised to become a reliable partner for energy companies, supporting the commissioning phase and maintenance of offshore wind farms.