Cadeler announced the signing of two firm contracts for the full-scope transportation and installation of offshore wind turbines and their foundations for an upcoming offshore wind farm development. The combined value of the contracts is projected to be approximately EUR 500 million.

Contract Timeline and Execution

The foundations transportation and installation campaign is set to commence in early 2029 and will be executed using one of Cadeler's newbuild A-class vessels. This represents the third full-scope foundation T&I campaign for Cadeler, reinforcing the company's position as a full-service provider in the foundation transportation and installation space.

The turbine installation scope is scheduled to begin in early 2030 and will be carried out by one of Cadeler's O-class jack-up vessels. Completion of the turbine installation is expected by late 2030.

Contract Terms and Conditions

Both contracts are subject to the client's investment decision in the project. Should the client be unable to proceed with the project, the agreements may be terminated, subject to a termination fee. The announcement was made on November 10, 2025, in Copenhagen.

Fleet Capabilities and Strategic Position

Cadeler operates a fleet of nine wind installation vessels, with three additional vessels currently under construction. This fleet capacity supports the company's ability to deliver flexibility, efficiency, and innovative solutions required to execute increasingly complex offshore wind projects.

Mikkel Gleerup, CEO of Cadeler, stated that the project reinforces Cadeler's position as a full-service T&I partner in the foundations space and demonstrates that the company's strategic direction is aligned with current market demands. He emphasized that Cadeler continues to support the necessary build-out of offshore wind globally through its comprehensive vessel capabilities and project execution expertise.

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