After 1 January 2027, Siemens Gamesa will retain an option for early termination of the contract against payment of a one-off compensation.
The two companies have also entered into an agreement of time charter of a new vessel on terms similar to the extension agreement for Wind Enterprise.
The time charter is expected to be initiated when the vessel is operational which is planned for the beginning of 2024.
The time charter will end on 31 December 2029 and for this charter, Siemens Gamesa does not hold any options for early termination.
Ziton has signed an agreement to purchase the sister vessel to Wind Enterprise, subject to securing financing. The vessel has the same specifications as Wind Enterprise and was built a few months later than the abovementioned vessel in 2011 at the same yard and is currently operating in China with the installation of offshore wind turbines.
