Skyborn enters Preferred Supplier Agreement with Fred. Olsen Windcarrier for Gennaker offshore installation vessel
Installation of 63 offshore wind turbines during 2028 in the German Baltic Sea.
Gennaker will add up to 976.5 MW to Germany's renewables capacity*.
Fred. Olsen Windcarrier's installation vessel - Brave Tern ©Fred. Olsen Windcarrier
HAMBURG, GERMANY - EQS Newswire - 29 July 2025 - Skyborn Renewables (Skyborn) is proud to announce an entry into the Preferred Supply Agreement (PSA) with Fred. Olsen Windcarrier for the offshore transportation and installation of the wind turbines generators for the Gennaker offshore wind farm in the Baltic Sea. The Charter Party Agreement is expected to be signed later in 2025.Offshore installation at sea of the 63 turbines is set to begin in 2028 and will be performed by Fred Olsen Windcarrier's installation vessel - Brave Tern. The selected self-elevating and self-propelled jack-up offshore wind turbine installation vessel is designed and built to align with Skyborn's commitment to excellence in safety and operations. The vessel can handle all next-generation turbines due to its unique 1,600 tonnes crane.The PSA signed on 24 July 2025 solidifies the longstanding, trusted partnership between Skyborn and Fred. Olsen Windcarrier."After last weeks' successful agreements for the wind turbines supply and their long-term service , this newly formed arrangement with Fred. Olsen Windcarrier is another step towards Gennaker becoming a reality. With Fred. Olsen Windcarrier's long lasting experience in offshore wind, Gennaker will benefit from state-of-the-art offshore installation capacity. Gennaker, our blue-print project, is the showcase of our end-to-end delivery capabilities, with standardized process to bring new offshore wind projects to life every 12 to 18 months." says Patrick Lammers, Skyborn CEO."We are extremely proud to enter the Preferred Supply Agreement (PSA) with Skyborn for the offshore transportation and installation of the wind turbines generators for the Gennaker offshore wind farm. This agreement demonstrates our long-term commitment to offshore wind and underlines the strong and trustful relationship between the companies. With our strong experience from the Baltic Sea region, we look forward to the execution of the Gennaker project together with Skyborn and all the local stakeholders and suppliers on the project" says Haakon Magne CEO at Fred. Olsen Windcarrier.With a capacity up to 976.5 MW, Gennaker is to become the largest offshore wind farm in the German Baltic Sea to date. Located approximately 15 kilometers north of the Fischland-Darß-Zingst peninsula, the project area sits within a designated priority zone for offshore wind energy in the Mecklenburg-Western Pomerania coastal sea. Skyborn secured the initial building permit for the Gennaker site in May 2019 and maintains site exclusivity for development. Once commissioned, the project will supply approximately 1 million people with green electricity. Gennaker is planned to be commissioned in 2028.This press release and picture are available at: https://www.skybornrenewables.com/articles/newsroom/Gennaker_PSA_offshore_installation_vessel Hashtag: #Skyborn
The issuer is solely responsible for the content of this announcement.
About Skyborn Renewables
Skyborn is an accomplished offshore wind developer and operator with more than 20 years' experience, headquartered in Germany. The company's capabilities cover the entire offshore wind value chain, including greenfield development, project engineering and design, procurement, financing, corporate power purchase agreements, construction management and asset management. Skyborn is a portfolio company of New York based Global Infrastructure Partners (GIP), a leading infrastructure investor and part of Blackrock.
For more information, visit: www.skybornrenewables.com
Follow us on LinkedIn: www.linkedin.com/company/skyborn-renewables/
About Fred. Olsen Windcarrier
Fred. Olsen Windcarrier offers innovative and tailored services for the transport, installation, and maintenance of offshore wind farms. The company was established in 2008 to service the growing offshore wind sector and has installed more than 1100 wind turbines offshore – which is more than 20% of all offshore wind turbines worldwide outside China. Fred. Olsen Windcarrier operates the three self-elevating jack-up vessels – Bold Tern, Brave Tern and Blue Tern.
For more information, visit: www.windcarrier.com
Follow us on LinkedIn: https://www.linkedin.com/company/fred-olsen-windcarrier-as/
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
2 days ago
- Malay Mail
HEIDELBERG gets off to positive start in new financial year – forecast for 2025/26 confirmed
Sales and adjusted EBITDA margin for Q1 well up on corresponding quarter of previous year Solid incoming orders lay foundations for positive business development Free cash flow still negative but much improved compared with equivalent period of previous year MoU agreed on system partnership with defense specialist VINCORION Full-year forecast confirmed HEIDELBERG develops and produces innovative control and power electronics. The company intends to use this core technology to open up new business areas, such as the defense sector. HEIDELBERG, GERMANY - Newsaktuell - 31 July 2025 - Heidelberger Druckmaschinen AG (HEIDELBERG) has made a positive start to financial year 2025/26. Thanks to the healthy order backlog from the previous year, sales in the first quarter were well up on the previous year's figure (€ 403 million) at € 466 million. Business in Europe and Asia developed particularly positively during this period. In the case of Asia, this demonstrates that HEIDELBERG is further strengthening its position in such future markets. The adjusted operating result (EBITDA) also improved significantly, to € 20 million (corresponding quarter of previous year: € –9 million). The adjusted EBITDA margin, which did not include any special items during the reporting period, rose accordingly to 4.4 percent after three months (equivalent quarter of previous year: –2.3 percent). Besides the growing sales volume and improved production capacity utilization, the cost-cutting measures introduced by the company also had an impact in this regard. Systematically implementing both the plan for the future and efficiency improvements is having a positive effect on profitability in the current financial year. A full year after drupa, incoming orders of € 559 million in the first quarter (previous year's figure: € 701 million) continued to create a solid basis for positive business development, with the company's successful participation in the China Print trade show also playing a role."Thanks to our global market position and an improved cost basis, we have made a good start to the new financial year," said Jürgen Otto, CEO of HEIDELBERG. "Strategic measures in our core business, together with new options in the Technology segment and our move into the defense sector, give us cause to feel very confident about the prospects for the year as a whole." he the free cash flow after three months was negative, as expected, it was much improved compared with the corresponding period of the previous year. Thanks to the initiation of staffing and efficiency measures, the figure of € –68 million (previous year: € –103 million) was better than envisaged. The net result after taxes in the first quarter amounted to € –11 million, which was a big improvement on the equivalent period of the previous year (€ –42 million).As of April 1, 2025, HEIDELBERG started basing its reporting on the Print & Packaging Equipment, Digital Solutions & Lifecycle, and HEIDELBERG Technology segments. The Print & Packaging Equipment segment includes offset and flexo solutions, as well as prepress and postpress solutions for packaging and commercial printing. The Digital Solutions & Lifecycle segment covers products and activities relating to software, service, consumables, and digital printing. The HEIDELBERG Technology segment primarily comprises activities outside the company's core business, such as electromobility (Amperfied) and industry operations (production and technology solutions for third-party businesses).In the Print & Packaging Equipment segment, sales in the first quarter increased by some 42 percent to € 211 million. Digital Solutions & Lifecycle sales matched the previous year's level, totaling € 241 million. Sales after three months in the Technology Solutions segment were also at the same level as in the corresponding period of the previous year. Adjusted EBITDA improved in all the segments."Packaging printing remained a growth driver for our business in the first quarter," said David Schmedding, Chief Technology & Sales Officer at HEIDELBERG. "This development reaffirms our growth strategy – the continuous and targeted expansion of our portfolio as a systems integrator for this key market segment. Our acquisition of Polar Mohr brand rights and technology to boost the productivity of value chains in packaging and label production is a further example of this approach." he HEIDELBERG sees it, playing a leading role as a systems integrator for packaging and digital printing with hybrid printing solutions and the company's software and service business in a digital ecosystem can offer growth potential in its core business. In the Technology segment, the focus is on expanding the operation of charging infrastructure, including DC technology, and on unlocking new market agreed on system partnership with defense specialist VINCORIONHEIDELBERG has embarked on its first project in the defense sector and agreed a MoU (Memorandum of Understanding) on a system partnership with VINCORION Advanced Systems GmbH. This cooperation will see HEIDELBERG move into the defense market by developing, industrializing, and building power control and distribution systems for VINCORION. HEIDELBERG is aiming to become established as a reliable partner for high-quality products and gradually expand this role within the defense forecast confirmedFollowing a positive start, the forecast for financial year 2025/26 is confirmed. In view of macroeconomic developments, taking into account the various opportunities and risks, and assuming the global economy does not see weaker growth than predicted by the relevant institutions, the company is expecting sales of around € 2,350 million in financial year 2025/26 (2024/25: € 2,280 million). The EBITDA margin adjusted for special items is predicted to rise to as much as 8 percent (previous year: 7.1 percent).Image material and further information about the company are available in the Investor Relations portal and Press Lounge of Heidelberger Druckmaschinen AG at Hashtag: #HeidelbergerDruckmaschinenAG The issuer is solely responsible for the content of this announcement. About HEIDELBERG Heidelberger Druckmaschinen AG (HEIDELBERG) is a leading technology company that has been standing for innovation, quality, and reliability in mechanical engineering worldwide for 175 years. With a clear focus on growth and as a total solution provider, HEIDELBERG is driving further development in the core areas of packaging and digital printing, software solutions, and lifecycle business with service and consumables so that customers can achieve maximum productivity and efficiency. The company is also focusing on expanding into new business areas such as high-precision plant engineering with integrated control systems, automation technology, robotics, and the growing green technologies sector. With its strong international presence in approximately 170 countries, the creative power and expertise of its roughly 9,500 employees, its own production facilities in Europe, China, and the USA, and one of the largest global sales and service networks, the company is ideally positioned for future growth.
Free Malaysia Today
3 days ago
- Free Malaysia Today
Asia shares ease, euro flatlines as tariff costs counted
Japan's Nikkei lost 0.9%, while Chinese blue chips were flat. (EPA Images pic) SYDNEY : Asia shares slipped today while the euro nursed its losses as investors pondered the downside of the US-EU trade deal and the reality that punishing tariffs were here to stay, with unwelcome implications for growth and inflation. The initial relief over Europe's 15% levy quickly soured when set against the 1% to 2% that stood before President Donald Trump took office. Leaders in France and Germany lamented the outcome as a drag on growth, pulling down stocks and bond yields across the continent while slugging the single currency. Trump also flagged a 'world tariff' rate of 15% to 20% on all trading partners that were not negotiating a deal, among the highest rates since the Great Depression of the 1930s. 'While the worst case scenario was averted, the implied EU tariff increase from 1% in January is a significant tax increase on EU exports,' wrote economists from JPMorgan in a note. 'This is a very big shock that unwinds a century of US leadership in global free trade,' they warned. 'While we no longer see a US recession as our baseline from this shock, the risk is still elevated at 40%,' they said. A further risk to world growth came from a sudden spike in oil prices after Trump threatened a new deadline of 10 or 12 days for Russia to make progress toward ending the war in Ukraine or face tougher sanctions on oil exports. The air of caution saw MSCI's broadest index of Asia-Pacific shares outside Japan slip 0.8%. Japan's Nikkei lost 0.9%, while Chinese blue chips were flat. European shares steadied after yesterday's sell-off. EUROSTOXX 50 futures, FTSE futures and DAX futures all edged up around 0.2%. The euro was flat at US$1.1587, after falling 1.3% overnight in the largest drop since mid-May. It now has chart support at US$1.1556. The dollar index was up at 98.675, after the rush out of short dollar positions lifted it 1% overnight, while it eased a one-week high on the yen to stand at ¥148.27. Wall Street held firm on hopes for upbeat results from mega caps this week that include Apple, Meta Platforms, Microsoft and Amazon. S&P 500 futures nudged up 0.1%, while Nasdaq futures added 0.2%. Yields on 10-year Treasuries held at 4.408% having crept higher yesterday as markets braced for another steady decision on interest rates from the Federal Reserve (Fed). Futures imply a 97% chance the Fed will keep rates at 4.25%-4.5% at its meeting tomorrow and reiterate concerns that tariffs will push inflation higher in the short term. Analysts also assume one, or maybe two, Fed officials will dissent in favour of a cut and supporting wagers for a move in September. The odds could change depending on a slew of US data this week including gross domestic product for the second quarter where growth is seen rebounding to an annualised 2.4%, after a 0.5% contraction in the first quarter. Figures on job openings are due later today that will help refine forecasts for the crucial payrolls report on Friday. Canada's central bank also meets tomorrow and again is widely expected to hold rates at 2.75% as it waits to see how trade talks with the US wash out. In commodity markets, prices for copper and iron ore were under pressure while gold idled at US$3,315 an ounce. Brent was off a fraction at US$69.90 a barrel, having climbed 2.3% yesterday, while US crude held at US$66.60.
Free Malaysia Today
3 days ago
- Free Malaysia Today
Adidas records Q2 tariffs hit, flags cost increases
Adidas's net sales rose 2.2% to €5.95 billion in Q2, including a negative impact from currency effects of around €300 million. (AP pic) FRANKFURT : German sportswear maker Adidas said today that it saw an impact in the double-digit euro millions from US tariffs in the second quarter (Q2). The company also warned of a rise in the cost of its products in the US of up to €200 million in the second half this year. 'We also do not know what the indirect impact on consumer demand will be should all these tariffs cause major inflation,' CEO Bjorn Gulden said in a statement, as the sportswear maker confirmed its guidance for the year. Net sales, adjusted for currency swings, rose 2.2% to €5.95 billion in the quarter, roughly in line with analysts' average estimate of €6.2 billion, according to data compiled by LSEG. 'The figure includes a negative impact from currency effects of around €300 million,' the company said.
