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Hamburg/Oslo, September 25, 2024
Luxcara, an independent German asset manager for clean energy infrastructure projects, has signed a contract with the Norwegian offshore wind transport and installation service company Havfram for one of the world’s most advanced Wind Turbine Installation Vessels (WTIV) to transport and install 16 of the most powerful turbines at the offshore wind project Waterkant in the German North Sea.
The agreement covers the vessel charter for transport and installation of 16 of the foreseen 18.5 MW turbines. Havfram will execute the works during the spring of 2028, using one of its advanced WTIVs, currently under construction.
Holger Matthiesen, Project Director at Luxcara and Managing Director of the project company Waterkant Energy, says: “We are excited to partner with Havfram, having secured one of the world’s most advanced offshore Wind Turbine Installation Vessels for the German Waterkant offshore wind project. This underscores our dedication to leveraging European expertise and resources, fostering innovation within the renewable energy sector, and accelerating the clean energy transition in Germany.”
Even Larsen, EVP/CEO Havfram Wind, says: “We are honored to contribute to Germany's renewable energy goals by supporting Luxcara with the Waterkant project. This agreement not only expands our growing client portfolio, but also strengthens our contract backlog. With our two state-of-the-art Wind Turbine Installation Vessels that are due to be delivered during the second half of 2025, Havfram is perfectly equipped to meet the challenges of the steadily evolving offshore wind industry.”
In August 2023, Luxcara announced its successful participation in the German offshore wind auction at that time. The bidding entity Waterkant Energy GmbH won the right to build a 270+ MW offshore wind farm on the site N-6.7, located in the German Economic Exclusive Zone (EEZ). For the first time in Germany, the auction included, besides financial, also social and environmental criteria. The site N-6.7 is located next to a cluster of existing offshore wind farms approximately 90 km from the island of Borkum. The Waterkant project will generate clean electricity for approximately 400,000 households and thus significantly contribute to Germany´s goal to cost-efficiently reach a renewable energy share of 80% in the country’s power mix by 2030.
About Havfram
Havfram is a pure play offshore wind company, providing transport and installation services to the offshore wind sector as an owner and operator of Wind Turbine Installation vessels (WTIVs). Leveraging its deep offshore wind industry knowledge, together with decades of know-how from the Norwegian energy & marine sectors and essential experience in operating in harsh offshore environments, Havfram offers the highest standards and services to customers worldwide. Havfram is majority owned by the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investors, and Sandbrook Capital, a leading climate fund led by an experienced team determined to combine consistent financial returns and real climate impact.
About Luxcara
Luxcara is an independent asset manager offering equity and debt investment opportunities to international investors in the global clean energy infrastructure market. The Hamburg-based company acquires, structures, finances and operates clean infrastructure projects with a long-term, buy-build-operate approach for the clean energy transition. Luxcara’s longstanding focus on unsubsidized markets has made the company one of Europe’s most prominent investors in projects with long-term power purchase agreements. The company’s portfolio includes clean energy infrastructure across Europe. Its track record, dating back to 2009, makes Luxcara one of the continent’s most experienced asset managers for clean energy investments.
Follow us at www.luxcara.com or on www.linkedin.com/company/luxcara
Media contact for Havfram:
Corinna Thiel, Marketing & Communication Manager at Havfram
Telephone: +47- 922 78 637 , E-Mail: corinna.thiel@havfram.com
Media contact for Luxcara:
Lars Haugwitz, GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34, E-mail: haugwitz@gfd-finanzkommunikation.de
