Fred. Olsen Windcarrier plots IPO

2022-02-15T11:44:00+00:00

Fred. Olsen Windcarrier plans to launch an initial public offering (IPO) of new shares and apply for a listing on the Oslo Stock Exchange.

The IPO is expected to comprise a primary offering of new shares in Fred. Olsen Windcarrier, raising gross proceeds of approximately EUR150 million (USD169.7 million), which will be used to fully finance the equity portion for a newbuilding the company aims to order.

The newbuild will be the company’s fourth installation vessel and supplement its existing fleet while increasing the company’s market share.

Aside from the newbuild, Fred. Olsen Windcarrier is implementing an investment programme for its three vessels. Upgrades to Bold Tern are ongoing with expected completion in the second quarter of 2022, and its two remaining vessels will be upgraded in 2024 and 2025.

Fred. Olsen Windcarrier is wholly owned by Fred. Olsen Ocean, which is a subsidiary of Bonheur. Fred. Olsen Windcarrier said that Bonheur is committed to remain a long-term majority shareholder and has pre-committed to subscribe for EUR25 million (USD28.3 million) in the IPO.

windcarrier.com

Topics

Offshore

News
Fred. Olsen Windcarrier wraps up in Taiwan

2023-02-09T10:04:00Z By Samuel Barber

Fred. Olsen Windcarrier has completed the installation of 47 wind turbines for Siemen Gamesa’s 376 MW Formosa 2 wind farm in Miaoli County, Taiwan.
Article
Argentia’s growing role in global energy

2024-11-21T08:00:00Z By Gregory DL Morris and David Kershaw

From hosting North America’s first wind turbine marshalling yard to preparing for the tow-out of a colossal concrete gravity structure (CGS), the port of Argentia is rapidly transforming into a nexus for renewable energy projects and heavy lift operations. As demand for green hydrogen and sustainable fuels grows, Argentia’s developments signal a bright future for project cargo in Newfoundland and beyond.
News
Mammoet to marshal 116 XXL monopiles at Buss Terminal Eemshaven

2024-11-19T07:48:00Z By David Kershaw

Mammoet has signed a contract with Buss Ports to marshal wind turbine foundations for two of Europe’s biggest offshore wind farm projects: RWE’s Nordseecluster A (Germany) and Thor (Denmark).