Published 2022-04-08 00:00:00
Ørsted and ESVAGT sign agreement for green fuel OSV

The agreement between Ørsted and ESVAGT is a display of commitment from both companies to the decarbonisation of the maritime industry and will help reduce emissions from offshore operations
Renewable energy offers a clear path to reach the Paris Climate Agreement’s target of limiting temperature increases to 1.5 °C. However, some sectors – like the maritime sector –face a steeper road towards the target. The maritime sector will need new renewable fuels to reach climate neutrality, and it will need industry leaders to lean into new innovative solutions.

Today, Ørsted and ESVAGT are taking a bold step to help decarbonise the maritime sector as well as the offshore wind industry.

As part of a new pioneering agreement, Ørsted, the world leader in offshore wind, and ESVAGT, a market leader in service and support for offshore wind, have decided to invest in the world’s first service operation vessel (SOV) that can operate on green fuels. The SOV will be powered by batteries and dual fuel engines, capable of sailing on renewable e-methanol, produced from wind energy and biogenic carbon, which will lead to a yearly emission reduction of approx. 4,500 tonnes of CO2.
The maritime sector urgently needs new green fuels, which today come at a higher cost than the fossil-based alternatives. By ordering the new SOV, Ørsted and ESVAGT are showing their commitment to a green maritime sector and helping create the needed demand to accelerate to cost reductions of green fuels for the maritime industry. The investment decision also sends a clear signal that the future for both service and installation vessels is green. For the new SOV, Ørsted intends to supply the e-methanol.

An offshore wind farm already has 99 % lower emissions than a coal fired power station, seen over the entire lifetime of the asset, including production, construction, and installation. Today’s announcement between ESVAGT and Ørsted will be a step on the way towards mitigating the remaining emissions. Furthermore, the decision to invest in the new green fuel SOV supports Ørsted’s target of becoming carbon-neutral in its energy generation and own operations by 2025 and is a tangible example of the company’s decarbonisation journey towards its science-based target of reaching net-zero emissions across the full value chain by 2040. Ørsted is the first energy company in the world with a science-based net-zero target, validated by Science Based Targets initiative.

ESVAGT will start building the vessel in the second quarter of 2022. Once commissioned by the end of 2024, the SOV will start servicing the world’s largest offshore wind farm, Hornsea 2, off the UK’s east coast.
Loa: 93,00 m
Br: 19,60 m
Dr: 6,50 m
abt 14 knob
124 personer
Helidk: D=18 m/9 t

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