Eneti Inc. announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a new contract with a UK-based utility for one of its NG2500X-class vessels to support offshore wind farm substation commissioning in the UK sector of the North Sea for a period of 90-120 days in each of 2023, 2024, and 2025. In aggregate, over the three years, this contract is expected to generate up to $20.5 million of revenue.

In addition, the Company also announces that Seajacks UK Limited signed a contract with a UK-based energy company for one of its NG2500X-class vessels to support offshore facility maintenance in the UK sector of the North Sea. The contract, which has a duration of between 14 and 21 days, will generate approximately $800,000 to $1.2 million of revenue in the second quarter of 2022.
Source: Eneti Inc.