Cadeler nets deals with Vestas and an undisclosed client

Cadeler has secured optimal utilisation of its fleet before and after the crane upgrades following contracts with Vestas and an undisclosed client. The rise in offshore wind activity and the new contract with Vestas mean Cadeler’s O-class vessels will be optimally utilised up until the planned upgrades commencing in the fourth quarter of 2023.

Additionally, Cadeler has secured yet another preferred supplier agreement with an undisclosed client. The contract covers the transport and installation of next generation wind turbines, with a tentative contract value above €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.

Cadeler secures healthy backlog

Cadeler’s two O-class installation vessels, Wind Orca and Wind Osprey, have been active throughout 2021. Looking ahead, both vessels will continue to be busy installing WTGs in the European waters.

Wind Orca is soon scheduled to embark for 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. After Seagreen is finalised, Wind Orca will continue working on the new contract with Vestas. The assignment will be finalised in time for both O-class installation vessels to have their main cranes exchanged for new and significantly upgraded versions in 2024.

Mikkel Gleerup CEO says, “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 utilisation of our assets prior to the new cranes being installed.”

The new cranes will provide the two O-class vessels with a lifting capacity of 1,600 metric tons at a radius of 40 meters, with the main hook at a height of 160 meters above the main deck. This is a substantial upgrade of the current vessel capacity and is scheduled for completion in 2024.