INTEGRATED WIND SOLUTIONS AS
Integrated Wind Solutions ASA is a Norway-based, Oslo-listed offshore wind services company operating a six-vessel Skywalker-class CSOV fleet through IWS Fleet AS and one-stop BoP and consultancy services through IWS Services, serving wind developers, turbine OEMs, and transmission operators primarily in Europe.
- Company typePublic
- Founded2020
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B
- OfferingServices
What INTEGRATED WIND SOLUTIONS AS does
Integrated Wind Solutions ASA (OSE: IWS) is a Norway-based, Oslo-listed offshore wind service company operating through two business segments. IWS Fleet AS owns and operates purpose-built Skywalker-class Walk-to-Work Commissioning Service Operation Vessels (CSOVs) — a six-vessel fleet delivered between 2023 and 2025, designed by Kongsberg Maritime with a battery-biased plug-in hybrid DC-grid system, 2.2 MWh batteries, solar panels, novel hull and propulsion layout, and DNV SILENT notation. IWS Services A/S delivers Balance of Plant (BoP) maintenance, engineering, project management, and consultancy services to the offshore wind supply chain through majority-owned subsidiaries ProCon Wind Energy (75%, electrical/technical solutions, Aalborg HQ), Green Ducklings (97%, consultancy), and a 49% stake in PEAK Wind (operations and asset management, presence in Denmark, Germany, Spain, UK, USA, and Taiwan).
The company generates revenue from multi-year vessel charter contracts with offshore wind developers, turbine OEMs, and transmission system operators, supplemented by professional services revenue from BoP work, electrical engineering, and consultancy. Pricing is quote-based and not publicly disclosed; vessels are built at China Merchants Heavy Industry (CMHI) Haimen at a firm yard price of approximately EUR 48 million per vessel, with ~50% of vessel value sourced from Norwegian export companies. The company was founded in July 2020 by Awilco AS (sponsored by the Awilhelmsen Group), listed on Euronext Growth in March 2021 (NOK 750M IPO), followed by two NOK 350M private placements in early 2022, an EUR 60M strategic equity investment from Sumitomo Corporation in May 2024, and an upscaled EUR 186.9M bank facility in September 2024. IWS uplisted to the Oslo Børs main market on 3 February 2025.
Anchor customers include Dogger Bank Wind Farm (SSE/Equinor/ENI; 331-day firm charter for phase C from 2025), Siemens Gamesa (three-year frame term agreement for walk-to-work turbine commissioning starting 2025), and TenneT TSO B.V. (Dutch offshore substation maintenance). IWS Fleet also runs a technical-management JV with Havfram Wind covering two Wind Turbine Installation Vessels scheduled for 2025 delivery. Approximate headcount of 11-50, with offices in Oslo (HQ), Aalborg, and Denmark.
INTEGRATED WIND SOLUTIONS AS firmographics
Firmographics- Name
- INTEGRATED WIND SOLUTIONS AS
- Legal name
- Integrated Wind Solutions ASA
- Website
- https://integratedwind.com
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Integrated Wind Solutions ASA is a Norway-based, Oslo-listed offshore wind services company operating a six-vessel Skywalker-class CSOV fleet through IWS Fleet AS and one-stop BoP and consultancy services through IWS Services, serving wind developers, turbine OEMs, and transmission operators primarily in Europe.
- Ownership category
- akta.pro rank
INTEGRATED WIND SOLUTIONS AS industry classification
Industry- Product category
- Offshore Wind Services
- akta.pro primary industry
- Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH)
- akta.pro secondary industries
- Wind Turbine Installation & Commissioning (Cranes, Vessels, Jack-ups) (EUAMACAG), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI)
Keywords
Where INTEGRATED WIND SOLUTIONS AS is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices3 records
Markets served
INTEGRATED WIND SOLUTIONS AS business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Others
Revenue model
- Vessel Charter Contracts: IWS Fleet AS owns and operates Commissioning Service Operation Vessels (CSOVs) and Service Operation Vessels (SOVs) that are chartered to offshore wind developers and operators. Vessels provide walk-to-work services during commissioning and operations/maintenance phases of wind farms. Charter contracts include firm durations (e.g., 331 days) with commencement dates typically 2-3 years out.
- Offshore Wind Services: IWS Services provides comprehensive maintenance solutions, engineering, project management, construction, and consultancy services for offshore wind facilities through its subsidiaries (ProCon, Green Ducklings) and investment in PEAK Wind. Services include Balance of Plant (BoP) OSS Services, Above Water Line Services, Below Water Line Services, foundation outfitting, and localized solutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Vessel charter contracts - pricing available upon request |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
INTEGRATED WIND SOLUTIONS AS product offering
Product offeringCore offering
Integrated Wind Solutions AS owns and operates a fleet of purpose-built Skywalker-class Commissioning Service Operation Vessels (CSOVs) and delivers integrated offshore wind maintenance solutions including engineering, project management, balance-of-plant services, and consultancy through its subsidiaries Green Ducklings and ProCon Wind Energy. The company is headquartered in Oslo, Norway, and also holds a 49% stake in PEAK Wind, expanding its reach into wind energy software and control systems.
Product overview
Integrated Wind Solutions ASA operates as an integrated offshore wind service company with two core business segments: IWS Fleet AS (owner and operator of purpose-built Walk-to-Work CSOV/SOV vessels in the Skywalker class, offering zero-emission hybrid-powered operations) and IWS Services AS (provider of one-stop maintenance solutions spanning Balance of Plant above-water, below-water, and OSS services, delivered through subsidiaries ProCon and Green Ducklings, with a 49% stake in PEAK Wind for asset management). The company listed on Oslo Børs (main market, February 2025) and is backed by the Awilhelmsen Group.
Differentiator
Problem solved
Functional benefit
Products and services
- Skywalker-class CSOV Fleet (IWS Fleet AS)
Quantifiable outcome
- 1,300+ tonnes CO2 equivalents reduced per vessel annually
- +4 more outcomes
Companies that use INTEGRATED WIND SOLUTIONS AS
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
INTEGRATED WIND SOLUTIONS AS technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
INTEGRATED WIND SOLUTIONS AS partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and strategic.
- China Merchants Heavy Industry (CMHI)coreShipbuilding partner for Skywalker class CSOV vessels. Vessels #1 and #2 ordered at CMHI Haimen shipyard, with additional vessels #3-#6 also ordered from CMHI. Firm yard price approximately EUR 48 million per vessel. Approximately 50% of vessel value relates to Norwegian export companies providing advanced technology.
- Kongsberg MaritimecoreVessel design partner for Skywalker class CSOVs. Kongsberg designed the novel hull and propulsion system, and provides the Kongsberg DP dynamic positioning system and Kongsberg IAS automation system that are preferred for vessel operations.
- MacGregorcoreEquipment supplier for fully compensated gangway and crane systems. MacGregor provides the 3D compensated knuckle-boom crane and motion compensated gangway essential for walk-to-work operations.
- Havfram WindstrategicStrategic joint venture through IWS Fleet for technical management of Havfram Wind's two Wind Turbine Installation Vessels (WTIVs), scheduled for delivery in 2025. This extends IWS Fleet's technical management capabilities.
- Peak WindcoreIWS increased ownership in PEAK Wind from 30% to 49% in September 2024. PEAK Wind is an independent advisory, consultancy, data intelligence and wind farm operator firm with approximately 200 specialized employees, operating in Denmark, Germany, Spain, UK, USA, and Taiwan.
Scale indicators11 records
Recent moves11 records
Expansion highlights7 records
INTEGRATED WIND SOLUTIONS AS competitors and assessment
Company assessmentRegional players
- BOURBON Offshore: French offshore vessel operator with growing exposure to offshore wind SOV/CSOV markets. Comparable in vessel services but with a more diversified oil & gas heritage and different geographic focus.
Direct peers
- Edda Wind ASA: Norwegian offshore wind CSOV/SOV operator with a growing newbuild fleet serving European wind developers. Closest direct peer to IWS Fleet in vessel type, customer base (Dogger Bank, Equinor, etc.), and listing on Oslo Børs.
- North Star Renewables: UK-headquartered operator of SOVs/CSOVs purpose-built for the offshore wind market, including hybrid-powered vessels. Directly comparable in service offering, target customers (UK/European wind developers), and walk-to-work operations.
- ESVAGT A/S: Danish provider of SOV and CSOV services to the European offshore wind industry, including hybrid vessel designs. Comparable in vessel operations, customer segments, and Danish operational base overlapping with IWS Services.
- Cadeler A/S: Danish-listed offshore wind installation and transport company operating both WTIVs and CSOV/SOVs. Competes with IWS in vessel chartering for European offshore wind projects and shares the Oslo-listed peer universe.
- Vroon Offshore Wind: Dutch offshore vessel operator with a dedicated offshore wind division providing SOV/CSOV services. Comparable in vessel operations, North Sea customer base, and hybrid-propulsion vessel investments.
- Havfram Wind: Norwegian offshore wind company operating WTIVs and exploring SOV services; IWS's strategic JV partner for technical management of Havfram's two WTIVs. Overlaps with IWS in offshore wind vessel operations and Norwegian ownership.
Emerging players
- Siem Offshore Contractors: Norwegian offshore vessel operator with SOVs and subsea/construction vessels serving offshore wind and oil & gas. Partial overlap in offshore wind vessel services but with a broader, more diversified fleet.
Broad incumbents
- Van Oord Offshore Wind: Major Dutch marine contractor providing transport, installation, and Balance of Plant services for offshore wind farms. Comparable to IWS Services' BoP offering, with broader scope including cable laying and foundation installation.
- Ørsted A/S: Global offshore wind developer and the largest by installed capacity. Not a direct vessel competitor but the principal customer category IWS serves; included as a benchmark for end-market demand and charter pricing dynamics.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
INTEGRATED WIND SOLUTIONS AS social profiles
Digital presenceINTEGRATED WIND SOLUTIONS AS compliance and trust
Trust signalCompliance7 records
INTEGRATED WIND SOLUTIONS AS financial estimates
Financial estimateRevenue estimate
Valuation estimate
INTEGRATED WIND SOLUTIONS AS leadership team
Management profileNumber of profiles
Profiles11 records
INTEGRATED WIND SOLUTIONS AS subsidiaries and ownership
Company hierarchySubsidiaries5 records
INTEGRATED WIND SOLUTIONS AS funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
INTEGRATED WIND SOLUTIONS AS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about INTEGRATED WIND SOLUTIONS AS
What does INTEGRATED WIND SOLUTIONS AS do?
Integrated Wind Solutions AS owns and operates a fleet of purpose-built Skywalker-class Commissioning Service Operation Vessels (CSOVs) and delivers integrated offshore wind maintenance solutions including engineering, project management, balance-of-plant services, and consultancy through its subsidiaries Green Ducklings and ProCon Wind Energy. The company is headquartered in Oslo, Norway, and also holds a 49% stake in PEAK Wind, expanding its reach into wind energy software and control systems.
Is INTEGRATED WIND SOLUTIONS AS a public or private company?
INTEGRATED WIND SOLUTIONS AS is a public company. It is classified as public and is currently operating.
When was INTEGRATED WIND SOLUTIONS AS founded?
INTEGRATED WIND SOLUTIONS AS was founded in 2020. It employs 11 to 50 people.
Where is INTEGRATED WIND SOLUTIONS AS based?
INTEGRATED WIND SOLUTIONS AS is headquartered in Oslo, Norway, in the Europe region.
How does INTEGRATED WIND SOLUTIONS AS make money?
Two revenue lines are on record. Vessel Charter Contracts are the primary driver. The others are offshore Wind Services.
Who are INTEGRATED WIND SOLUTIONS AS's main competitors?
BOURBON Offshore is listed as a regional player. Direct peers are Edda Wind ASA, North Star Renewables, ESVAGT A/S, Cadeler A/S, Vroon Offshore Wind and Havfram Wind. Siem Offshore Contractors is listed as an emerging player. Broad incumbents are Van Oord Offshore Wind and Ørsted A/S.
Does INTEGRATED WIND SOLUTIONS AS have an API?
No public API is recorded for INTEGRATED WIND SOLUTIONS AS.
What industry is INTEGRATED WIND SOLUTIONS AS in?
INTEGRATED WIND SOLUTIONS AS's product category is Offshore Wind Services. Its primary akta.pro industry code is EUAMACAH, Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled), with a secondary code of EUAMACAG, Wind Turbine Installation & Commissioning (Cranes, Vessels, Jack-ups).