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New player enters the market for offshore wind

Norwegian Havfram intends to place an order for a string of wind turbine installation vessels as part of the company's transition away from oil. J.P. Morgen Global Alternatives will act as financial partner.

Photo: Havfram

Norwegian offshore operator Havfram has broken into the wind market with an intended order for several new wind installation vessels in partnership with asset manager J.P. Morgan Global Alternatives.

According to a press release issued by Havfram, the order is for a series of wind installation vessels that will be built at CIMC-Raffle's shipyard in Yantai, China, for delivery in 2024.

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