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Solstad: Contract awards within renewable energy

Solstad Offshore ASA (Solstad) announced the following contract awards from clients within renewable energy for three of its subsea vessels (CSV):

  • Normand Australis, a 150 days firm contract for “Walk to Work” services on an Offshore Wind project in Asia. The contract will commence during March 2022.
  • Normand Cutter, a 110 days firm contract for a cable project in Northern Europe with commencement in February 2022.
  • Normand Fortress, a 180 days firm contract for “Walk to Work” services on an Offshore Wind project in Northern Europe. The contract will commence in April 2023.

The contracts have a combined value of approximately NOK 175 million.

Solstad continue to see an increase in demand for CSVs from the renewable energy clients, both in Europe and Asia.

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