Copenhagen, 10 November 2025 — Cadeler has signed two firm contracts for the full-scope transportation and installation (T&I) of foundations and turbines for an upcoming offshore wind project, with a combined value of approximately €500 million.

The foundation T&I campaign will begin in early 2029, using one of Cadeler’s newbuild A-class vessels. This marks Cadeler’s third full-scope foundation T&I campaign, reaffirming its position as a full-service provider in the foundation T&I space.

The turbine installation scope is scheduled to start in early 2030 and will be executed using one of the company’s O-class jack-up vessels, with completion expected by late 2030.

Both contracts are subject to the client’s investment decision. If the project does not move forward, the agreements may be terminated under a termination fee clause.

Mikkel Gleerup, CEO of Cadeler, said the project strengthens the company’s position as a full-service T&I partner in the foundation segment, reflecting its alignment with current market demand. With a fleet of nine wind installation vessels and three more under construction, Cadeler continues to provide the flexibility, efficiency, and innovation required to execute complex offshore wind projects worldwide.