Cochin Shipyard Clinches €500 Crore Contract for Hybrid Service Operation Vessel for European Offshore Wind Market

Defense News ,India :- Cochin Shipyard Limited (CSL), a prominent player in the public sector shipyard domain, has successfully secured a prestigious international contract valued at €500 crore (approximately USD 63 million). The contract, announced on January 31st, 2024, through an official exchange filing, entails the design and construction of a cutting-edge Hybrid Service Operation Vessel (SOV) tailored for the European offshore wind farm industry.

Crafted to meet the specific requirements of servicing, maintaining, and operating offshore wind farms, this state-of-the-art vessel is set to make a significant impact in the burgeoning sustainable energy sector, especially in Europe. The contract achievement represents a major milestone for Cochin Shipyard, showcasing its prowess in delivering specialized vessels for the expanding offshore wind energy market and further solidifying its standing as a premier shipyard in India with a growing global footprint.

The order underscores Cochin Shipyard's strategic focus on meeting the increasing demand for sustainable energy solutions in the European market. As the world shifts towards renewable energy sources, the global offshore wind energy market is poised for substantial growth, offering lucrative opportunities for shipyards like Cochin Shipyard to specialize in constructing vessels tailored for the industry.

Key Project Details:

• Contract Value: €500 Crore (approximately USD 63 million)
• Client: European Client (identity undisclosed)
• Vessel Type: Hybrid Service Operation Vessel (SOV)
• Purpose: Service, Maintenance, and Operation of Offshore Wind Farms
• Delivery Timeline: 2026.