Cadeler Signs US Offshore Wind Contract for Second P-Class Newbuild

February 28, 2025, by Adnan Memija

Cadeler has signed a firm contract with an undisclosed client for work at an offshore wind project in the US. This will be the first time Cadeler’s second P-class newbuild vessel, Wind Pace, will be deployed following its anticipated delivery.

The value of the contract to the Danish offshore wind installation company is estimated to be between EUR 67 million and EUR 75 million.

The work is scheduled to commence in the second quarter of 2025, and Wind Pace will be committed under this contract until the first quarter of 2026. This will be Cadeler’s second offshore wind project in American waters, the company said.

Cadeler took delivery of its first P-class vessel, Wind Peak, from the COSCO Shipping Heavy Industry (COSCO) shipyard in August last year.

Both vessels feature a deck space of 5,600 square metres, a payload of over 17,600 tonnes, and a main crane capacity of above 2,500 tonnes at 53 metres.

Wind Peak and Wind Pace have the ability to transport and install seven complete 15 MW turbine sets or five sets of 20+ MW turbines per load.

In terms of recent news from Cadeler, the company signed a vessel reservation agreement with Ocean Winds in February.

The agreement relates to the transportation and installation of around 30 turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. For this project, the company plans to deploy one of its O-class vessels, with the project scheduled to be completed in 2028.