EnergyWatch

Esvagt looks to expand fleet after large capital injection

The fresh capital from the owners of Danish carrier Esvagt will be spent buying new wind vessels. "We expect that offshore wind will make up 40-50 percent of revenue within approximately three to four years," CFO René Just tells EnergyWatch sister site ShippingWatch.

Photo: MHI Vestas

With a capital injection in the carrier of DKK 350 million (EUR 47 million) and a EUR 376 million refinancing of the company both completed, Denmark's Esvagt is ready to invest in new wind vessels, CFO René Just tells EnergyWatch sister site ShippingWatch.

Offshore wind will make up 40-50 percent of revenue within approximately three to four years

René Just, CFO, Esvagt

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