According to the Global Wind Report 2022 by the Global Wind Energy Council (GWEC), the offshore wind market had its best ever year in 2021 with 21.1GW commissioned, more than three times in 2020. GWEC expects more than 90 GW of offshore capacity to be added worldwide from 2022 to 2026. "In view of the anticipated increase in the size of monopiles and other components for offshore wind farms over the coming years, we believe there will be a growing demand for newer generation vessels like our HTV which can help to facilitate faster installation speed, better project economics and reduction of carbon footprint. The addition of this HTV will also complement and expand on the Group's existing "Holmen" fleet of heavy lift transport vessels." "Since 2010, offshore wind has been a focus market for Ulstein", said Ms Cathrine Marti, CEO of Ulstein Group.