Norwegian offshore wind services firm, Havfram, has procured an additional USD 250 million in equity funding via a collaboration between its main sponsor, Sandbrook Capital, and Canada's PSP Investments. This funding, coupled with credit financing from commercial banks and export credit agencies, is allocated for the construction of a fleet of advanced offshore wind vessels. These vessels are designed to install turbines exceeding 300 meters in tip height and foundations weighing up to 3,000 tonnes at water depths reaching 70 meters. Havfram has initiated the construction of its inaugural vessel, following a shipbuilding contract with CIMC-Raffles. This NG20000X vessel boasts a 3,250-ton crane and an innovative battery hybrid drive train, slashing carbon emissions per MW installed by over 70% in contrast with older vessel designs. The agreement could lead to the construction of up to four such vessels. Even Larsen, CEO of Havfram's offshore wind construction division, emphasized the firm's commitment to providing premier service to stakeholders while prioritizing sustainability. Ingrid Due-Gundersen, Havfram's CEO, praised the swift equity funding acquisition, underscoring the collaboration's potential to elevate Havfram as a key player in the global offshore wind sector. Patrick Charbonneau from PSP Investments reiterated their commitment to backing the growth of offshore wind as a crucial source of clean energy. The article did not specify the legal advisors involved in the transaction.