Cadeler today has announced the signing of two firm contracts covering the full-scope transportation and installation of offshore wind turbines and their foundations for an upcoming offshore wind farm development with a combined value projected to be approx. EUR 500 million.
The foundations transportation and installation (T&I) campaign is set to commence in early 2029 and to be executed using one of Cadeler’s newbuild A-class vessels. This contract, the third full-scope foundation T&I campaign for Cadeler, once again reaffirms the company’s position as a full-service provider in the foundation T&I 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, with completion expected by late 2030.
The contracts are subject to the client’s investment decision in the project. Should the client be unsuccessful the agreements may be terminated subject to a termination fee.
Mikkel Gleerup, CEO of Cadeler, comments: 'This project reinforces Cadeler’s position as a full-service T&I partner in the foundations space and demonstrates that our strategic direction is aligned with current market demands. With our fleet of nine wind installation vessels – and three additional under construction – Cadeler continues to deliver the flexibility, efficiency, and innovative solutions required to execute increasingly complex projects and to support the necessary build-out of offshore wind globally.'
Source: Cadeler
