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.

Eneti did not disclose the identity of the charterer but said the contract would run between 226 and 276 days.