Cadeler today announced that it has signed an exclusivity agreement with an undisclosed client for wind turbine and foundation installation at a large-scale offshore wind farm in the United Kingdom.

Agreement Announced

The announcement was made from Norwich on 11 November 2026 and confirms that the Danish-headquartered offshore wind installation specialist has secured a place on a major upcoming UK project, even though the identity of the counterparty and the specific wind farm have not been disclosed.

The agreement covers a full scope of installation work, spanning both the foundations and the wind turbines themselves. According to the announcement, the installation campaign is expected to commence around 2030, giving the project several years of runway before offshore work begins.

Three Vessels Assigned to the Campaign

Under the terms of the exclusivity agreement, the foundations campaign will be executed using an A-Class vessel and an O-Class vessel, while the wind turbines will be installed by a P-Class vessel. This means three vessels from Cadeler's fleet are expected to be deployed on the project once the campaign gets underway at the turn of the decade.

The allocation of multiple vessel classes to a single project underscores the scale of the installation work involved. Cadeler owns and operates what the company describes as the industry's largest fleet of jack-up offshore wind installation vessels, and the agreement assigns vessels from three different classes within that fleet to the UK campaign.

Early Capacity Securing Highlighted

In its announcement, Cadeler stated that the agreement reflects the importance of securing installation capacity early in the development of large-scale offshore wind projects. With installation campaigns for major offshore wind farms typically requiring vessels to be booked years in advance, the exclusivity arrangement, signed with an expected campaign start around 2030, illustrates the long lead times now characteristic of the sector.

The company did not disclose the financial terms of the agreement, the name of the client, or the specific location of the wind farm. No figures were provided for the size of the project in terms of turbine count or capacity.

CEO Points to Fleet Capabilities and Track Record

Mikkel Gleerup, Chief Executive Officer of Cadeler, commented on the announcement: "We are very pleased to announce this significant project, which is another important endorsement of the capabilities of our fleet, the experience of our people and Cadeler's ability to deliver increasingly large and complex offshore wind projects."

The CEO's remarks frame the exclusivity agreement as a validation of the company's positioning in a market where projects are growing in size and technical complexity. The company characterized the agreement as significant, although no contract value was disclosed in the announcement.

Cadeler's Expanding Scope

Cadeler plc describes itself as a global leader in offshore wind turbine transport and installation. The company owns and operates the industry's largest fleet of jack-up offshore wind installation vessels and is expanding its capabilities into full-scope foundation transport and installation, as well as operations and maintenance. The exclusivity agreement announced today falls within that full-scope expansion, covering foundation installation as well as turbine installation.

The company states that, with its modern fleet and depth of expertise across onshore and offshore operations, it supports the safe, efficient and reliable delivery of offshore wind projects worldwide. Cadeler is listed on both the New York Stock Exchange and the Oslo Stock Exchange under the ticker "CDLR".

The company maintains offices in Copenhagen, Vejle, Norwich, Rotterdam, and Taipei, with the Norwich office at Avocet Court in St Andrews Business Park serving as the base from which the announcement was issued.

UK Market Context

The United Kingdom remains a key market for offshore wind installation contractors, and Cadeler's website lists its work on Hornsea 3 among its track record projects. The company's track record and Hornsea 3 pages are featured prominently in its project materials, reflecting the weight it places on UK offshore wind experience.

While the announcement does not identify the project or client involved, the reference to a large-scale offshore wind farm in the UK and a campaign start around 2030 places the work within the next wave of UK offshore wind development, for which installation vessel bookings are being secured well in advance of construction.

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