Cadeler Signs Preferred Supplier Agreement for Foundation Installation in 2028
Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares) (CDLR)
Company Research
Source: Business Wire
COPENHAGEN, Denmark--(BUSINESS WIRE)--Cadeler today announces that it has signed a preferred supplier agreement (PSA) with an undisclosed client for the transportation and installation (T&I) of monopiles and transition pieces at a large offshore wind farm located in European waters.The installation campaign is expected to commence in the first half of 2028 and to be executed using two of Cadeler’s wind installation vessels, including one of the company’s newbuild A-class series which are designed to excel in XXL foundation installation. The PSA is subject to the client’s final investment decision on the project.The agreement demonstrates the company’s continued development as a full-scope provider of foundation transportation and installation services within offshore wind. This will be Cadeler’s first full-scope foundation T&I project outside the United Kingdom.Mikkel Gleerup, CEO of Cadeler, comments: “The signing of this preferred supplier agreement reflects continued confidence
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