Danish Fund Buys right into Norwegian Offshore Wind Support Vessel Firm

Credit: Norwind Offshore

Credit: Norwind Offshore

Danish mutual fund Navigare Capital Partners will certainly end up being an investor in Norwind Offshore, an overseas wind-focused vessel business developed in Norway in 2021.

Navigare Capital Partners concentrates on financial investments in maritime properties.

“The purpose of the investment is to contribute to building a leading company within offshore wind, based in Ålesund,” a news release provided Wednesday reviews.

Managing Partner of Navigare Capital– Henrik Ramskov: “The investment into offshore wind support vessels is an important next step in our strategy and commitment towards net zero emissions. Through our majority investment into the partnership with Norwind Offshore and the highly 
skilled team and founders behind it, we believe that this investment will both support our accelerating efforts towards net zero and generate an attractive return for our investors.”

“Having Navigare Capital on board as a shareholder enables us to carry out our growth strategy and is an important milestone in our development of becoming a leading company within offshore wind, says CEO of Norwind Offshore, Svein Leon Aure. For us, this collaboration is a testimony to the experience and expertise which has been built up through the generations within the founding partners, and the foundation on which Norwind Offshore was established.

No details were shared on the financial side of the deal, nor on how big a shareholder in Norwind Offshore Navigare would become.

Norway’s Farstad, Volstad, and Kleven in October 2021, collaborated and also created Norwind Offshore, a business concentrated simply on overseas wind.

Announcing the company launch, they also announced orders with Vard for the delivery of three vessels by 2024, two newbuild CSOV, and one conversion of a platform supplier into a Service Operation Vessel (SOV). In April 2022, < period dir="ltrNorwind nofollow noopener

Source of This New https://www.oedigital.com/news/495795-norwind-offshore-orders-two-more-csovs-from-vard(*) _ empty” >(* )proclaimed alternatives for 2 even more CSOVs.(*)