Havfram Partners with Luxcara for New Wind Energy Project
Havfram Partners with Luxcara on the Waterkant Wind Farm
Havfram has recently secured a significant contract with Luxcara, an independent German asset manager known for its focus on clean energy projects. This partnership aims to provide critical support for the transport and installation of turbines at the Waterkant offshore wind farm located in the German North Sea.
Key Details of the Contract
The contract encompasses the charter of vessels necessary for the transport and installation of a total of 16 turbines, each with an impressive capacity of 18.5 MW. The scheduled work is set to take place in the spring of 2028, utilizing one of Havfram's advanced Wind Turbine Installation vessels that is currently being constructed.
Waterkant Project Overview
Situated roughly 90 kilometers offshore from the island of Borkum, the Waterkant wind farm is designed to generate around 270 MW of power. This project represents a major step forward in Germany's renewable energy goals.
Statements from Company Executives
Even Larsen, the CEO of Havfram Wind, expressed his enthusiasm for this project, stating, "We are honored to contribute to Germany’s renewable energy aspirations by supporting Luxcara with the Waterkant project. This contract not only adds to our growing list of clients but also increases our contract backlog. With our two state-of-the-art Wind Turbine Installation vessels expected in the latter half of 2025, Havfram is well-prepared to tackle the offshore wind industry’s challenges.”
Collaboration with Luxcara
Holger Matthiesen, Project Director at Luxcara, also shared excitement regarding the partnership, highlighting the acquisition of one of the world’s most advanced offshore Wind Turbine Installation vessels for the project. He articulated the company's commitment to uniting European expertise and resources while fostering innovation in the renewable energy sector and hastening the clean energy transition in Germany.
About Havfram
Havfram is a dedicated offshore wind company that provides specialized transport and installation services to the offshore wind sector. As an owner and operator of Wind Turbine Installation vessels (WTIVs), Havfram leverages extensive knowledge from the Norwegian energy and marine sectors and has built a reputation for operating effectively in harsh offshore environments. As a majority-owned entity by the Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investors, and Sandbrook Capital, a prominent climate fund, Havfram's strategy aims to deliver consistent financial returns while positively impacting the climate.
About Luxcara
Luxcara operates as an independent asset manager offering both equity and debt investment opportunities in the global clean energy infrastructure market. Based in Hamburg, the company engages in acquiring, structuring, financing, and operating clean energy projects with a long-term vision, focusing on the clean energy transition without relying on subsidies. Their commitment to unsubsidized markets has positioned Luxcara among Europe’s leading investors in projects backed by long-term power purchase agreements.
With a rich history dating back to 2009, Luxcara's extensive experience in the clean energy investments arena bolsters its prominent position within the industry.
Frequently Asked Questions
What is the Waterkant offshore wind farm?
The Waterkant offshore wind farm is a significant project located in the North Sea, designed to generate around 270 MW of renewable energy through wind power.
Who is Havfram?
Havfram is a specialized offshore wind company that provides installation and transport services for wind turbine projects, known for its innovative marine technology.
What is the role of Luxcara in this project?
Luxcara is responsible for overseeing the financial and operational aspects of the Waterkant wind farm project, emphasizing clean energy infrastructure development.
What technologies does Havfram utilize?
Havfram employs advanced Wind Turbine Installation vessels designed to handle the challenges of offshore wind project logistics and installation.
How does this project contribute to renewable energy goals?
This project supports broader renewable energy initiatives in Germany by enhancing the capacity for clean energy production and advancing the transition to sustainable energy solutions.
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