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Sale of Edda Passat

Edda Wind ASA (“Edda Wind” or the “Company”) announced on 9 February 2024 that the Company had, through its subsidiary West Energy AS, entered into a sale and purchase agreement regarding the sale of all outstanding shares in Puerto de Calella S.L., the registered owner of the vessel Edda Passat. The transaction was concluded today, 20 March 2024.

The proceeds from the sale will be used for general corporate purposes, including the repayment of outstanding debt related to Edda Passat.

The rationale for the sale of the vessel is to optimise the Company’s fleet strategy, including alignment of vessel design. The Company has eight dedicated offshore wind vessels under construction – one SOV and seven CSOVs, all with modern design and with large flexibility built in. All newbuild vessels are prepared for zero-emission utilising liquid organic hydrogen carrier and/or methanol as an energy source.

Edda Wind remains firm on its strategy to be a leading player within offshore wind and is currently the largest player in the space including all vessels under construction.

For further information, please contact:

Lars Stubhaug, VP Finance Edda Wind
Phone: +47 917 42 725
E-mail: lars.stubhaug@eddawind.com

Kenneth Walland, CEO Edda Wind
Phone: +47 916 93 418
E-mail: kenneth.walland@eddawind.com