Scorpio Group-backed Eneti has at last announced its initial contract for the first of two wind turbine installation vessel (WTIV) newbuildings currently under construction in South Korea.

New York-listed Eneti stands to rake in net revenue exclusive of project costs of between €60m ($64m) and €73m for the job in the first half of 2025, the WTIV owner said in a statement released after the close of trading on Monday in New York.