Cadeler Fills Up Offshore Wind Orderbook

Danish wind farm installation vessel owner and operator Cadeler A/S has secured a contract with Vestas, and a reservation agreement with an undisclosed client.

The contract with Vestas is said to have strengthened Cadeler’s order backlog and ensured optimal utilization of the company’s O-class vessels, Wind Osprey and Wind Orca, up until the planned vessel upgrades commencing in the fourth quarter of 2024.

Additionally, the preferred supplier agreement with the undisclosed client covers the transport and installation of next generation wind turbines, with a tentative contract value above EUR 45 million.

The installation project is set for execution by one of Cadeler’s O-class vessels, which at the time will be featuring a new and larger main crane.

Wind Orca is soon scheduled to embark on the Seagreen offshore wind farm project off the coast of Scotland to replace Wind Osprey, which in turn will start working on the Hollandse Kust Zuid project in the Dutch North Sea.

After Seagreen is finalized, Wind Orca will continue working on the new contract with Vestas. The assignment will be finalized in time for both O-class installation vessels to have their main cranes exchanged in 2024.

”The contract with Vestas adds yet another important project to our strong order backlog and further highlights our close relationship with clients in the industry. The contract further ensures strong utilization of our assets prior to the new cranes being installed,” Mikkel Gleerup Cadeler’s CEO, said.

”The fact that we also add another undisclosed preferred supplier agreement to the backlog of the O-class vessels, is a great achievement. These two agreements serve as proof of concept for our strategic approach to asset upgrades and is demonstrating the superior competitiveness of the O-class vessels.”

The new cranes will provide the two O-class vessels with a lifting capacity of 1,600 metric tons at a radius of 40 metres, with the main hook at a height of 160 metres above the main deck.

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