Cadeler has signed firm contracts with Equinor and Polenergia for the installation vessel scope for the 1440MW Baltyk 2&3 offshore wind projects off Poland.
The total potential value of these contracts with the Equinor and Polenergia joint venture is expected to be in the range of €120m-€144m, with installation work scheduled to begin in 2027.
Baltyk 2&3 will be located approximately 22km and 37km respectively from the port of Leba, Poland.
The projects will involve the installation of a total of 100 offshore turbines in the Polish Baltic Sea.
Cadeler plans to deploy both an O-Class and a P-Class vessel for the projects.
Given the complex nature of the projects, Cadeler is deploying a dual-vessel setup, offering the “exclusive flexibility the client needs to meet their capacity targets while showcasing the advantages of having the largest, most versatile, and capable fleet of jack-up vessels in the industry”.
The installation work is set to begin in 2027.
Cadeler chief executive Mikkel Gleerup said: “We are excited to announce a firm contract for yet another significant milestone project in Poland.
“This marks our third major project in the Polish market, showcasing the strong business potential in that market, driven by increasing demand for renewable energy.
“We are proud to support our partners in accelerating the transition to sustainable energy, with these projects ultimately benefiting more than two million households. Additionally, this is our first firm contract with Equinor and Polenergia, and we look forward to working closely together to set the stage for future successful collaborations.”
The vessel reservation agreements with the Equinor and Polenergia joint venture projects were initially announced on 13 May 2024.