Pelagic Partners Enters Offshore Wind Market, Orders Up To Six CSOVs

Cyprus-headquartered alternative investment fund manager Pelagic Partners has made entry into the offshore wind market with a 2+2+2 newbuild order for Commissioning Service Operation Vessels (CSOVs) at Cochin Shipyard in India.

The order has a value of over EUR 350 million and the vessels are expected to be delivered in the first quarter of 2025.

The CSOVs are based on Kongsberg’s UT 5519 HL-design and will have zero-emission capabilities powered by dual-fuel engines and hybrid propulsion.

Source: Pelagic Partners

Pelagic Partners has also established Pelagic Wind Services (PWS) which will be the exclusive commercial and technical manager for the fleet.

”The newbuild vessels have major differentiating points such as a significantly increased DP capability, highly efficient Methanol-ready genset and a fully electric autonomous gangway with large crane capacity,” Managing Director of PWS, Andre Groeneveld, said.

”These assets will allow us to make a huge step towards our overall aim to become the leading provider of sustainable services for the Renewables sector with a zero-emission footprint from A to Z.”

Established as a dedicated platform to serve the offshore wind sector, the Pelagic Wind Fund aims to add further second-hand assets to the fleet to become a key player in this growing industry, Pelagic Partners said.

”It is exciting for us to enter into this new segment of cutting-edge, truly green Offshore Wind Supply Vessels. We are convinced to enter this market at a good time and to be able to position ourselves as a key player and trusted partner for the Offshore Wind industry,” Dr Niels Hartmann, one of the Founding Member of Pelagic Partners, said.

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Photo: Pelagic Partners