On October 24, 2023, Eneti Inc. announced the signing of a new contract to transport and install wind turbines. With mobilization commencing in the second quarter of 2027, the contract will be performed by one of the Company's two NG16000X Wind Turbine Installation Vessels currently under construction at Hanwha Ocean in South Korea. Inclusive of mobilization and demobilization, the engagement is expected to be between 180 and 210 days and generate approximately USD 73 million to USD 84 million of gross revenue.

Project costs are expected to be USD 8 million in aggregate.