Cadeler

Cadeler Inks Reservation Agreement for Ocean Winds’ Polish Offshore Wind Farm

Business & Finance

Ocean Winds and Cadeler have signed a vessel reservation agreement for the installation of the turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea.

The potential value of the contract to be negotiated during the pendency of the reservation agreement is estimated to be between EUR 48 million and EUR 56 million.

The reservation agreement relates to the transportation and installation of around 30 wind turbines at the BC-Wind offshore wind farm.

Cadeler will deploy one of its O-class vessels, with the project scheduled to be completed in 2028.

Located approximately 23 kilometres north of the shore, near the municipalities of Krokowa and Choczewo in the Pomeranian Voivodeship, the BC-Wind offshore wind farm is planned to have a capacity of up to 500 MW. It is Ocean Winds’ first project in Poland.

In October 2024, the developer signed an agreement with Bureau Veritas Poland to certify the offshore wind farm.

When it comes to Cadeler, the company signed firm contracts with Equinor and Polenergia joint ventures in October last year for the installation of turbines at the Bałtyk 2 and Bałtyk 3 offshore wind farms. The operations are scheduled to commence in 2027.

In February 2024, the company signed another contract with Ørsted and PGE Polska Grupa Energetyczna for the transport and installation of Siemens Gamesa 14 MW wind turbines at Baltica 2, part of the Baltica Offshore Wind Farm. The project is scheduled for completion by the end of 2027.

In July 2023, Cadeler signed a contract with Baltic Power for the installation of 76 Vestas 15 MW offshore wind turbines at the Baltic Power offshore wind farm. Installation work is to commence in 2025.

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