Pelagic enters offshore wind market with six-CSOV deal at Cochin

Under the Pelagic Wind Fund, Pelagic Partners has secured a series of 2 + 2 + 2 newbuild CSOVs at the Indian yard, a deal valued by Pelagic at in excess of €350M with the vessels due to be delivered from Q1 2025.

Pelagic said the CSOVs, based on Kongsberg’s UT 5519 HL design, “will have equipment from mainly European best-in-class makers” and will be environmentally friendly vessels with zero-emissions capability based on the use of dual-fuel engines and hybrid propulsion.

Pelagic Wind Services will be the exclusive commercial and technical manager for the CSOVs. Pelagic Wind Serviecs managing director Andre Groeneveld said, “These newbuild vessels have major points of differentiation such as methanol-ready gensets and a fully-electric autonomous gangway with large crane capacity.

“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.”

The Pelagic Wind Fund also plans to add second-hand assets to its fleet to quickly become a key player in the fast-growing offshore wind industry.

Founding partner at Pelagic Partners Dr Niels Hartmann said, “It is exciting for us to enter into this new segment with cutting-edge, truly green offshore wind vessels and are entering the offshore wind market at a good time to position ourselves as a key player and trusted partner.”