Cadeler has signed two contracts worth a combined €500m to transport and install both turbines and foundations for an unnamed offshore wind farm project.
The foundation transportation and installation campaign is scheduled to start in early 2029 using one of Cadeler’s newbuild A-class vessels.
It will be the company’s third full-scope foundation T&I campaign, which it said reinforces its position as a full-service provider in the offshore installation market.
The turbine installation phase is expected to begin in early 2030 and will be executed by one of Cadeler’s O-class jack-up vessels, with completion due by the end of that year.
Both agreements are subject to the client’s final investment decision, with termination fees applicable if the project does not proceed.
Cadeler chief executive Mikkel Gleerup said: “This project reinforces Cadeler’s position as a full-service T&I partner in the foundations space and demonstrates that our strategic direction is aligned with current market demands.
“With our fleet of nine wind installation vessels – and three additional under construction – Cadeler continues to deliver the flexibility, efficiency, and innovative solutions required to execute increasingly complex projects and to support the necessary build-out of offshore wind globally.”