Cadeler Signs Two Significant Contracts for Full-Scope Foundation and Turbine Transportation and Installation
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 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 approximately 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
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