Cadeler has secured a new contract with offshore wind turbine manufacturer Vestas.
The contract strengthens Cadeler’s order backlog and “ensures optimal utilisation” of the O-class vessels up until the planned vessel upgrades commencing in the fourth quarter of 2023.
After Seagreen is finalised, Cadeler’s Wind Orca O-class vessel will move onto working on the new contract with Vestas.
Additionally, Cadeler has secured 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 €45m.
The installation project is set for execution by one of Cadeler’s O-class vessels, which at the time will feature a new and larger main crane.
Cadeler chief executive Mikkel Gleerup said: “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 fact that we also add another undisclosed preferred supplier agreement to the backlog of the O-class vessels, is a great achievement.
“These two agreements serve as proof of concept for our strategic approach to asset upgrades and is demonstrating the superior competitiveness of the O-class vessels.”
Cadeler’s two O-class installation vessels, Wind Orca and Wind Osprey, have been active throughout 2021.
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.
Both vessels will have their main cranes exchanged for new and significantly upgraded versions in 2024.