Oslo-listed offshore wind service pureplay Edda Wind has raised nearly NOK400m ($37.7m) in a private placement of new shares. A total of 17m shares were offered at NOK23.5, with the company’s largest backers, John Fredriksen, Wilhelmsen and Idan Ofer, pre-subscribing for the full private placement. Fredriksen’s Geveran Trading, Wilhelmsen New Energy and Ofer’s EPS Ventures were allocated 5.275m, 5.273m and 3.415m shares, respectively, resulting in an ownership stake of about 31.03%, 31.02% and 20.09%. Edda Wind said the net proceeds from the private placement are intended to revitalise the company’s liquidity position following a period of unscheduled offhire and operational setbacks and enable the company to explore further growth and accretive opportunities. The Kenneth Walland-led company currently owns and operates two service operation vessels (SOVs) and three commissioning SOVs, and has eight ships under construction. One newbuild CSOV was recently fixed to an unnamed EPCI contractor until the second quarter of 2025. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway