Cadeler has signed firm contracts for the transportation and installation of 64 15MW offshore turbines plus foundations for the 960MW East Anglia 2 (EA2) wind farm.
The aggregate value of these contracts to Cadeler is projected to fall within the range of €360m–€382m.
Offshore works at the scheme being developed by ScottishPower Renewables (a member of the Iberdrola Group) off the coast of the UK are set to commence in 2027.
They will entail the use of one of Cadeler’s newbuild A-class vessels together with an O-class vessel from Cadeler’s existing fleet.
In September 2024, the UK government announced the results of its latest auction for the award of contracts critical to the outbuild of new offshore wind farms, including capacity allocated to the £4bn EA2 project.
EA2 will be located in the southern region of the North Sea, off the east coast of England.
Cadeler chief executive Mikkel Gleerup said: “This project underlines that our strategic decisions are in sync with our customers’ needs and the demands that we see in the market.
“With our six newbuilds on their way, Cadeler will deliver even greater flexibility and offer still improved efficiency for our clients, with solutions for even more complex projects.
“The East Anglia 2 project reinforces Cadeler’s strong position as a full-service T&I provider in the foundations space and our pivotal role in driving the transition to renewable offshore wind energy”.
Cadeler’s partnership with ScottishPower Renewables on EA2, announced today, reflects the execution of firm contracts for a portion of the work contemplated by a reservation agreement Cadeler disclosed in May 2024.
ScottishPower Renewables chief executive Charlie Jordan said: “Following our recent auction success, we’ve been moving with pace and purpose to confirm the supply chain for East Anglia 2, so it’s great to have Cadeler on board supporting this vital clean energy project, which will power almost one million homes with green electricity.
“East Anglia is the heart of our offshore wind operations in the UK and a vitally important region for us with one operational wind farm, another under construction and the supply chain now being confirmed for our third, enabling us to get out there and deliver a cleaner, greener and better future, quicker.”