Eneti Inc., a company focused on the offshore wind and marine-based renewable-energy industry, has signed an agreement for the construction of one Wind Turbine Installation Vessel, for a contract price of $326 million.
The company said it has exercised an option it held with Daewoo Shipbuilding and Marine Engineering for the construction of one such vessel.
The vessel is capable of installing up to 20 megawatt turbines at depths of up to 65 meters of water, and it can be adapted to operate on the alternate fuels of LNG or ammonia.
The vessel will be delivered early in the second quarter of 2025.