Fincantieri builds four EDDA wind boats

Total orders could rise to eight if options are confirmed

Through its subsidiary Vard, Fincantieri has signed a contract with a new customer, Edda Wind, to build four Commissioning Service Operation Vessels (CSOV). The first two ships are expected to be delivered in the first quarter of 2025, the third in the second quarter of 2025 and the fourth in the first quarter of 2026.

The order has a total value of around 250 million euros.

Edda Wind has also secured options for 2+2 additional CSOVs at the same contract prices, with deliveries in 2025 and 2026 if declared.

Pierroberto Folgiero, CEO of Fincantieri, said: “We are particularly pleased with this result, which hits many directions in our development. It reaffirms the value of the offshore wind sector as the third pillar of our core business alongside cruise and defense and adds a new and ambitious client to our portfolio. In addition, the order confirms Fincantieri’s role as a technology partner for companies that intend to strengthen their fleet with top-of-the-line products. A double recognition by the market reflects the industrial identity that our group wants to reaffirm with determination.”

With this order, Fincantieri reconfirms itself as a leader in the construction of support vessels for the offshore wind sector, one of the core businesses envisaged in the Group’s new strategic plan. The vessels for Edda Wind join the eleven CSOVs or Service Operation Vessels (SOV) in the portfolio alongside two cable-laying vessels. Thanks to its know-how and leadership position, the group will take advantage of further opportunities arising from the increase in total installed capacity expected by 2030 and the additional need for ships in the wind farms.