Cadeler’s newbuild wins work on US offshore wind farm

Copenhagen-headquartered offshore wind installation player Cadeler has signed a firm contract with an undisclosed client for one of its newbuild vessels for work at an offshore wind farm in the United States.

This will be the first time Cadeler’s second P-Class newbuild vessel, Wind Pace, will be deployed following its anticipated delivery.

The work is scheduled to begin in the second quarter of 2025 and the vessel will be committed under this contract until the first quarter of 2026. This will be the company’s second offshore wind project in US waters.

The value of the contract to Cadeler is estimated to be between €67m and €75m ($69.6m and $77.9m).

February has been an active month for the Danish firm. In the first week, the company signed two contracts with undisclosed clients for its newbuild M-Class wind installation vessel Wind Mover.

The vessel, currently under construction at Hanwha Ocean Shipyard in Korea, will support operations, maintenance activities, and potential installation work in Europe. The vessel is scheduled for delivery in the fourth quarter of 2025.

Only days later, Cadeler signed a vessel reservation agreement with Ocean Winds. The contract is for installing and transporting around 30 wind turbine generators at the BC-Wind offshore wind farm in the Polish Baltic Sea using one of its O-Class vessels.