Eneti has entered into a binding agreement with Daewoo Shipbuilding and Marine Engineering for the construction of a wind turbine installation vessel (WTIV).The contract price is US$ 330 million and the vessel will be delivered in early Q3, 2024. In addition, the company holds an option to construct an additional Vessel at the same price, net of currency adjustments. The Vessel is an NG-16000X design by GustoMSC and includes a 2,600 Ton Leg Encircling Crane from Huisman Equipment (Netherlands). The Vessel is capable of installing up to 20MW turbines at depths of up to 65 meters of water, and it can be adapted to operate on the alternate fuels of LNG or Ammonia. Separately, the company announced it is in advanced discussions with several American shipbuilders for the construction of another wind turbine installation vessel. This vessel would be constructed, financed, and operated by American citizens in compliance with the Jones Act.