EnergyWatch

Lucrative offshore wind plans send Esvagt to the US

Danish offshore service company Esvagt wants to enter the US wind energy market and is in the process of finalizing a joint venture with a US-based company. The offshore company is seeking to substantially increase its revenue from servicing the offshore wind sector in the coming years, tells CEO Peter Lytzen to EnergyWatch's sister media, ShippingWatch.

Peter Lytzen was appointed as CEO in August. Lytzen has 30 years of experience from various positions in the offshore industry. | Photo: Esvagt

Offshore service company Esvagt also wants to join other Danish companies foraying into the soon-to-boom US offshore wind market, for which Ørsted has most recently announced huge plans.

The offshore company is currently is process of closing a joint-venture deal with a US-based firm. The US market is one of many places in the world that expects major growth in wind turbine installation in the future. This expectation is prompting Esvagt to expand its business beyond its current primary North Sea market into the North American continent, informs Esvagt CEO Peter Lytzen in an interview with EnergyWatch's sister media, ShippingWatch, adding that the carrier's revenue within offshore wind must be substantially increased in the coming years.

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