Cadeler has inked a deal to install wind turbine generators at Ocean Winds’ 500MW offshore wind farm in the Polish Baltic Sea.
The company signed a Vessel Reservation Agreement (VRA) for the installation and transportation of around 30 WTGs at the BC-Wind site.
The potential value of the contract to be negotiated during the pendency of the VRA is estimated to be between €48m and €56m.
Cadeler will deploy one of its O-class vessels, with the project scheduled to be completed in 2028.
Cadeler and Ocean Winds have worked together previously, most recently on the Moray West offshore wind farm off the coast of Scotland, but this project marks the first time that the two companies have entered into a direct contractual relationship.
BC-Wind is located approximately 23km from the Polish coastline, north of the Pomeranian Voivoideship in Poland, and is Ocean Winds’ first project in the country.
Cadeler chief executive Mikkel Gleerup said: “We are happy to embark on a new partnership with Ocean Winds, leveraging our expertise and resources to further strengthening our Polish pipeline.
“Poland has become a significant player in the offshore wind market, and we look forward to once again be working in the Baltic Sea contributing to the development of offshore wind energy in the region.”
The latest deal follows on from four other “milestone projects” in Cadeler’s Polish pipeline.
Last October, Cadeler signed firm contracts with Equinor and Polenergia joint ventures for the installation of two offshore wind farms, Bałtyk 2 and Bałtyk 3, in the Polish Baltic Sea, with operations scheduled to begin in 2027.
In February last year, Cadeler signed a contract with Orsted and PGE Polska Grupa Energetyczna for the transportation and installation of Siemens Gamesa 14MW wind turbines at Baltica 2, part of the Baltica Offshore Wind Farm.
The project is scheduled for completion by the end of 2027.
In July 2023, Cadeler inked a deal with Baltic Power for the installation of 76 Vestas 15MW offshore wind turbines at the Baltic Power offshore wind farm.
Installation work is to commence in 2025, with the 1.2GW wind farm expected to be completed in 2026.