NETI Eneti Inc

Successful Completion of Construction at Akita & Noshiro

Successful Completion of Construction at Akita & Noshiro

MONACO, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Seajacks International, a wholly-owned subsidiary of Eneti Inc. (NYSE: NETI), recently completed the installation of all 33 wind turbines at the Akita & Noshiro offshore wind farm situated off the Japanese Akita Prefecture coastline.

The self-propelled jack up vessel, Seajacks Zaratan, carried out the work in collaboration with main installation contractor Kajima Corporation and turbine supplier Vestas Japan Co., Ltd. The project, which is owned by Akita Offshore Wind Corporation (AOW), is the first commercial-scale fixed-bottom wind farm to be constructed in Japan. The 140MW project will power approximately 150,000 homes and mitigate over two million tons of GHG emissions over its expected useful life.

Blair Ainslie, Seajacks CEO said the following:

“The completion of the turbine installation at Akita and Noshiro is an achievement that all parties involved can be proud of. The project is a powerful demonstration of a successful collaboration between international partners to deliver a successful project outcome.

It is a testament to the capabilities of all parties, that the project has been completed safely and without any major incidents, despite the challenges of the Covid-19 pandemic.”

Seajacks Zaratan will continue to provide support on the project through the end of the charter period, before demobilising and heading onto further turbine installation projects in the Asia Pacific region.

About Eneti

Eneti Inc. is a leading provider of installation and maintenance vessels to the offshore wind sector and has invested in the next generation of wind turbine installation vessels. The Company is listed on the New York Stock Exchange under the ticker symbol NETI. Additional information about the Company is available on the Company’s website: . 

For investor relations and other inquiries:

James Doyle

Email:  

Telephone: +1 (646) 432-1675

Twitter:  

About Seajacks

Seajacks International, a wholly owned subsidiary of Eneti Inc., is a UK based offshore installation company committed to building and operating the world’s most advanced and versatile fleet of self-propelled jack-up vessels equipped to service the demands of the offshore wind industry. Our on and offshore crews work in full conjunction with all our clients, looking to provide the most cost-effective solutions in the safest environments possible. Additional information about Seajacks is available on the company’s website:   

For further information please contact:

Jo Lees

Email:     

Telephone: +44 (0)1493 841 400



EN
10/10/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Eneti Inc

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Hornsea 4 cancellation adds to uncertainty

Ørsted today announced it is cancelling development of the 2.4GW Hornsea 4 project off the UK due to increased supply chain costs, higher interest rates, and greater construction and operational risk (FID was expected later in 2025). The cancellation adds to uncertainty for the offshore wind services industry and overall project profitability within offshore wind. No installation contracts for Hornsea 4 had been disclosed yet, but with Cadeler responsible for foundations and half the turbines on...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Takeaways from WindEurope

At the WindEurope event in Copenhagen, we met with companies representing approximately 75% of the global offshore wind installation fleet, gaining insights that support a constructive outlook for the sector. Addressing recent investor concerns related to market growth, the industry has already reflected and anticipated recent downward adjustments in third-party forecasts. With respect to a slowdown ahead in the US market, a second investor concern lately, near-term vessel demand could surprise ...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Eneti Inc (No_rec, TP: USD) - Discontinuing coverage

We have discontinued coverage of Eneti Inc., following its acquisition by Cadeler. Our last published recommendation, target price and estimates should no longer be relied upon.

 PRESS RELEASE

Eneti Inc. and Cadeler A/S Share Exhange Offer Expiration Date is Dece...

Eneti Inc. and Cadeler A/S Share Exhange Offer Expiration Date is December 14, 2023 MONACO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti”) and Cadeler A/S (OSE: CADLR) (“Cadeler”), two offshore wind turbine and foundation installation companies, remind shareholders that the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti has been extended to 5:30 p.m. Eastern Time on December 14, 2023. Shareholders that have previously tendered their shares do not need to take a...

 PRESS RELEASE

Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer ...

Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer for all Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 & New Loan Facility MONACO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announced the extension of the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti Inc. (NYSE: NETI) (“Eneti”) to 5:30 p.m. Eastern Time on ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch