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Scorpio Bulkers to Construct Wind Turbine Installation Vessel

Logistic News - Published on Tue, 11 Aug 2020

Image Source: Scorpio Bulkers Wind Turbine Installation Vessel
Scorpio Bulkers Inc has signed a Letter of Intent to construct a Wind Turbine Installation Vessel with options for additional vessels. The initial vessel will be built by Daewoo Shipbuilding and Marine Engineering Inc. for delivery that is scheduled in 2023. This WTIV is an NG-16000X design GustoMSC, a subsidiary of National Oilwell Varco and includes a 1500 Leg Encircling Crane from Huisman Equipment BV. The total project cost is expected to be approximately USD 265-290 million, subject to final design modifications. The contract is expected to be signed in early Q4 2020 and will include options to construct up to an additional three units having similar specifications.

This WTIV will be one of the most sophisticated dedicated turbine installation vessels in the world. It will have the capacity to install onto pre-prepared foundations the largest wind turbines currently designed, at a height of over 185 meters above sea level and in water depth in excess of 65 meters. The vessel incorporates various features and green innovations that significantly improve the operating window and efficiency and accelerate all-important “time to first power” for customers.

Offshore wind is a proven technology and represents a significant opportunity for the world to respond to the challenge of emissions reduction. It is expected to grow at a compound annual growth rate of over 15% for the next decade. There is a growing shortage of vessels that can install and maintain next-generation turbines core to this growth. The increasing maritime complexity and innovation of the offshore wind sector plays to Scorpio’s strengths and the Board of Directors believes the Company is in a good position to build an industry-leading presence.

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Posted By : Yogender Pancholi on Tue, 11 Aug 2020
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