ESVAGT advances its growth ambitions with the strategic acquisition of two SOVs from Edda Wind. The acquisition is supported by the current customers, Vestas and Ocean Breeze, novating long-term contracts to ESVAGT.
The transfer of ESVAGT CHARLIE to SeaOwl on October 3rd marked not only the end of a vessel’s service - but also a farewell to an entire class of vessels in ESVAGT’s history. With this sale, ESVAGT bids farewell to the last of its iconic Group 3 vessels.
Message to EU ambassadors: The green transition requires a stable framework and political backing
ESVAGT, OSK Design, and Hvide Sande Shipyard have joined forces to raise the bar in offshore wind logistics with the development of a next-generation transfer boat. The new boat is larger, more robust, and designed to carry more technicians and cargo. Technicians were very satisfied after testing in March.
The market leader within maritime offshore wind solutions, ESVAGT, will follow customers to the emerging Korean offshore wind market by entering a joint venture partnership with South Korean KMC Line.
ESVAGT delivered its strongest financial performance to date in 2024, reaching an all-time high revenue of DKK 1,470 million and a record EBITDA of DKK 508 million. The results mark a year of strategic progress and operational excellence.
From 1 November Kristian Jakobsen and Søren Karas will jointly take over the CEO role at ESVAGT replacing Peter Lytzen who will retire.
ANNUAL REPORT: With a considerable revenue growth in both the oil and gas and wind segments, ESVAGT continued its business growth in 2023. Securing long-term contracts for two new-buildings for Ørsted and Vestas and a new strategic partnership targeting the Asian market for offshore wind, ESVAGT is heading for further growth.
A new Danish-Korean collaboration between ESVAGT and KMC Line is looking to unlock the considerable potential in Korean offshore wind.
ESVAGT has secured the contract to service Vestas at Ecowende’s Hollandse Kust West offshore wind farm in the Netherlands and has initiated the process of designing and building the new SOV.
ESVAGT donates 30 used servers to the Syddansk Business School (SDE College)
Our GRESB score has improved, holding great significance for our customers, partners, and investors who expect ESVAGT to operate sustainably and environmentally responsibly.
Serica Energy has extended the contract with ESVAGT and ESVAGT CASSIOPEIA. This extension, signed for three years from December 3rd, 2023 to December 3rd, 2026 reaffirms its commitment to supporting Serica Energy’s operations.
The contract not only secures ESVAGT CASSIOPEIA’s role in supporting Serica Energy for the next three years but also includes options for an additional 3 x 1-year extensi
Ambitious climate targets and concrete, innovative efforts contributed to Vesta's naming ESVAGT as its ‘Sustainability Supplier of the Year’.
The transfer boat of the future for the wind sector will be bigger and stronger, with room for more technicians and more cargo. ESVAGT and Hvide Sande Shipyard are raising the bar together.
In 2024, the world’s first green fuels vessel for offshore wind operations will launch off the UK East Coast, as the result of a ground-breaking agreement between Ørsted and ESVAGT. Now the two companies are expanding their partnership on green offshore operations by signing an agreement for a second green service operation vessel.
ESVAGT appoints Dennis Bjørn Krog-Meyer as CFO
Despite the turbulent macro conditions in 2022 ESVAGTs growth continues, with improvements in both revenue and operational results, as well as a strong safety performance with zero Lost-Time Incidents (LTIs).
With a 15-year contract to service the largest offshore wind farm in North America, ESVAGT has made a breakthrough in the buoyant American offshore wind market.
Crowley and Danish offshore maritime leader ESVAGT will jointly build and operate a service operations vessel (SOV) under a long-term charter with Siemens Gamesa Renewable Energy, enhancing a service crucial for the U.S. clean wind energy market.
