popular articles

DEME acquires Havfram for €900 mn to strengthen its offshore wind position

Belgian group DEME has signed an agreement to acquire Norway’s Havfram for €900 mn, consolidating its fleet and global presence in the offshore wind market.

Please share:

DEME Group NV, a Belgian maritime infrastructure group listed on Euronext, announced that it has entered into a definitive agreement to acquire Norwegian company Havfram Wind Holdco AS. The transaction, valued at approximately €900 mn, includes all shares of the company as well as the remaining capital expenditures required to complete two vessels currently under construction. This strategic acquisition reflects DEME’s intention to enhance its portfolio and operational capabilities in the offshore wind sector.

Strengthening logistical and installation capacities

Havfram, headquartered in Oslo, specialises in transportation and installation services for offshore wind farms. It is primarily owned by Sandbrook Capital, an investment firm focused on climate infrastructure, and the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investors. The company employs around 50 people and currently holds an order book worth approximately €600 mn, covering the period from 2026 to 2030.

The two vessels under construction are designed to install next-generation turbines. They are expected to be delivered in the fourth quarter of 2025 and early 2026, respectively, and are already contractually committed to major projects starting in the second half of 2026.

Full integration into Offshore Energy division

Upon completion, Havfram will be integrated into DEME’s Offshore Energy division. The transaction remains subject to customary closing conditions and is expected to close by the end of April 2025. DEME stated that the acquisition will be financed through a combination of internal resources and external financing, consistent with its previous investments.

Luc Vandenbulcke, Chief Executive Officer of DEME Group NV, stated: “Havfram brings remarkable technological expertise and vessels designed for next-generation turbines, perfectly complementing our current fleet. Their integration will enhance our operational flexibility and leadership in turbine and foundation installation at sea.”

DEME reaffirmed its commitment to ensuring business continuity for Havfram’s existing clients, while also considering the expectations of employees and stakeholders. Until the transaction is completed, Havfram will continue to operate independently.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Italy's Ministry of the Environment has approved the environmental impact assessment for the Barium Bay project, clearing the way for its participation in a 3.8-GW offshore tender.
French group VALOREM is launching a crowdlending campaign in Finland to finance early-stage development of a large-scale wind project in the municipality of Kiuruvesi.
French group VALOREM is launching a crowdlending campaign in Finland to finance early-stage development of a large-scale wind project in the municipality of Kiuruvesi.
After being suspended in April, the Trump administration lifted the freeze on Equinor’s offshore Empire Wind project, reviving a $2.5bn construction site expected to power 500,000 homes.
After being suspended in April, the Trump administration lifted the freeze on Equinor’s offshore Empire Wind project, reviving a $2.5bn construction site expected to power 500,000 homes.
ENERCON’s E-175 EP5 E2 prototype fed electricity into the grid for the first time this week. The model is positioned as the new flagship in the German manufacturer’s onshore turbine range.
ENERCON’s E-175 EP5 E2 prototype fed electricity into the grid for the first time this week. The model is positioned as the new flagship in the German manufacturer’s onshore turbine range.
Norway has launched a floating wind tender at Utsira Nord, including a subsidy cap of NOK35bn ($3.37bn) despite economic pressures hampering the sector.
BVH1 s.e.n.c., a partnership between Boralex, Énergir and Hydro-Québec, has secured funding for a 400 MW wind project under construction on private land in the Seigneurie de Beaupré.
BVH1 s.e.n.c., a partnership between Boralex, Énergir and Hydro-Québec, has secured funding for a 400 MW wind project under construction on private land in the Seigneurie de Beaupré.
ENGIE North America plans to supply up to 300 MW of electricity to Cipher Mining for a Texas-based data centre through a local wind facility.
ENGIE North America plans to supply up to 300 MW of electricity to Cipher Mining for a Texas-based data centre through a local wind facility.
Boralex announces quarterly net earnings of CAD 41 million, marked by a 4% decrease in energy production, despite successfully commissioning its first wind farm in the United Kingdom.
Boralex announces quarterly net earnings of CAD 41 million, marked by a 4% decrease in energy production, despite successfully commissioning its first wind farm in the United Kingdom.
Greencoat Renewables sold five onshore wind farms in Ireland to HitecVision for €156mn, enabling the creation of a new joint energy platform focused on the growth of mid-life renewable assets.
Masdar and Samruk-Kazyna are collaborating to develop renewable energy and storage projects in Kazakhstan, targeting 500 MW of baseload energy and up to 2 GW of storage capacity.
Masdar and Samruk-Kazyna are collaborating to develop renewable energy and storage projects in Kazakhstan, targeting 500 MW of baseload energy and up to 2 GW of storage capacity.
The Ishwati Emoyeni project, valued at ZAR4.9bn ($263mn), marks a first in South Africa with a power purchase agreement signed by licensed trader NOA Group and has now entered its construction phase.
The Ishwati Emoyeni project, valued at ZAR4.9bn ($263mn), marks a first in South Africa with a power purchase agreement signed by licensed trader NOA Group and has now entered its construction phase.
Japanese group Eurus Energy has launched the construction of a 13.5 MW onshore wind farm in the Gangwon mountains, with commercial operations scheduled to start in November 2026.
Japanese group Eurus Energy has launched the construction of a 13.5 MW onshore wind farm in the Gangwon mountains, with commercial operations scheduled to start in November 2026.
Ocean Winds has installed the first turbine of the EMYN offshore wind farm, triggering the final phase of the project ahead of its commissioning at the end of 2025 and the creation of 85 permanent maintenance positions.
Copenhagen Infrastructure Partners’ CI V fund has signed an agreement to divest 10% of its offshore wind project Fengmiao I to Mitsui O.S.K. Lines, with commissioning expected by the end of 2027.
Copenhagen Infrastructure Partners’ CI V fund has signed an agreement to divest 10% of its offshore wind project Fengmiao I to Mitsui O.S.K. Lines, with commissioning expected by the end of 2027.
The Crown Estate receives ministerial approval to amend seabed rights for seven offshore wind farms, paving the way for an additional 4.7GW of offshore wind capacity.
The Crown Estate receives ministerial approval to amend seabed rights for seven offshore wind farms, paving the way for an additional 4.7GW of offshore wind capacity.
Italian group ERG has completed an 18 MW wind farm in Pas-de-Calais, backed by a 20-year contract for difference and developed without external partners.
Italian group ERG has completed an 18 MW wind farm in Pas-de-Calais, backed by a 20-year contract for difference and developed without external partners.
Rising installations and the integration of predictive technologies are driving the wind turbine operations and maintenance market, projected to hit $59.67bn by 2030, according to MarketsandMarkets.
Danish group Ørsted halts development of its Hornsea 4 offshore wind project in the UK, citing financial and operational risks that no longer guarantee returns for shareholders.
Danish group Ørsted halts development of its Hornsea 4 offshore wind project in the UK, citing financial and operational risks that no longer guarantee returns for shareholders.
Danish wind turbine manufacturer Vestas posts an unexpected net profit despite tariff tensions and confirms its 2025 outlook.
Danish wind turbine manufacturer Vestas posts an unexpected net profit despite tariff tensions and confirms its 2025 outlook.
Clearway Energy strengthens its presence in Washington State with the purchase of the 137 MW Tuolumne wind project, securing a 15-year power purchase agreement with Turlock Irrigation District.
Clearway Energy strengthens its presence in Washington State with the purchase of the 137 MW Tuolumne wind project, securing a 15-year power purchase agreement with Turlock Irrigation District.
The Princess Elisabeth energy island project advances with the placement of two caissons, launching a key phase of marine civil engineering off the Belgian coast.
Equinor condemned the mid-April suspension of its offshore wind farm Empire Wind 1 near New York, a $2.5bn project halted by U.S. authorities, labelling the move illegal.
Equinor condemned the mid-April suspension of its offshore wind farm Empire Wind 1 near New York, a $2.5bn project halted by U.S. authorities, labelling the move illegal.
Despite turbines priced 30 to 40% lower, Chinese manufacturers struggle to overcome credibility barriers hindering their progress in the European wind sector.
Despite turbines priced 30 to 40% lower, Chinese manufacturers struggle to overcome credibility barriers hindering their progress in the European wind sector.
Greenvolt Power has finalised the sale of the Pelplin wind farm in Poland to Enea Nowa Energia for €174.4mn, reinforcing its large-scale renewable asset monetisation strategy.
Greenvolt Power has finalised the sale of the Pelplin wind farm in Poland to Enea Nowa Energia for €174.4mn, reinforcing its large-scale renewable asset monetisation strategy.

Advertising