Cadeler Secures €500 Million Offshore Wind Installation Contracts

Cadeler has announced the signing of two firm contracts for the full-scope transportation and installation (T&I) of offshore wind turbines and foundations for a forthcoming offshore wind farm project, valued at approximately €500 million.

The foundation T&I campaign is scheduled to begin in early 2029 and will be executed using one of Cadeler’s newbuild A-class vessels. This marks the company’s third full-scope foundation T&I project, further reinforcing Cadeler’s role as a comprehensive service provider in the offshore wind installation market.

Turbine installation operations are set to commence in early 2030 and will be carried out by one of Cadeler’s O-class jack-up vessels, with completion expected later that year.

Both contracts are subject to the client’s final investment decision, with provisions for termination fees if the project does not proceed.

Mikkel Gleerup, CEO of Cadeler, stated: “This project reinforces Cadeler’s position as a full-service T&I partner and demonstrates that our strategic direction aligns with current market needs. With a fleet of nine wind installation vessels and three more under construction, Cadeler continues to provide the flexibility, efficiency, and innovation essential to advancing global offshore wind development.”