Boskalis bags €450 million offshore wind deal

Boskalis bags €450 million offshore wind deal

Photo source: Boskalis

Global maritime services provider, Boskalis, has secured a €450 million contract for the transportation and installation of monopile foundations and substations for an offshore wind farm. Boskalis has not disclosed the name of the project. 

The company noted that its track record in the offshore wind industry is founded in Europe but has expanded to Asia in recent years and to the US East Coast more recently. The company is leveraging the capabilities of its Bokalift 1 and Bokalift 2 crane vessels and versatile heavy transport fleet. This contract ties-up one year of crane vessel utilization days in addition to the equivalent of two years of heavy transport vessels. Engineering and pre-construction work has already commenced and project execution is scheduled to commence in 2023.

This project is related to the development of generating renewable energy due to climate change and increasing energy consumption, Boskalis said.

The company recently posted a drop in its order book, from a record high €5.53 billion reported in the second quarter of this year. The company posted an order book of €5.1 billion at the end of September, with the utilisation of the heavy transport vessels edging fractionally down from the first half of the year.


Author: Adnan Bajic

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