Cadeler has secured additional capital to invest in construction and upgrades of offshore wind vessels.
The new capital increases Cadeler’s HSBC Corporate Facility from €50m to €80m.
The extended facility is to fuel the company’s expansion plans, particularly in the construction of P Class and A Class newbuild vessels, and the upgrade of existing O Class vessels with new cranes to install next-generation wind turbines.
“We are very pleased with the support and the shared vision of the potential in Cadeler and the offshore wind market,” said Cadeler chief executive Mikkel Gleerup.
“We are well placed to meet the increasing global demands and to execute the largest and most complex offshore wind installation projects.”
Head of global banking Asia Pacific at HSBC Christina Ma added: “The upsizing of this green facility reinforces our capabilities and domain expertise in offering tailored solutions for our clients.
“We are pleased to be able to upsize the lending facility in our role as the Sole Mandated Lead Arranger.”