Windward Offshore announced 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.