Cadeler Signs Preferred Supplier Agreement for Offshore Wind Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Supplier Agreement Signed: Cadeler has signed a preferred supplier agreement with an undisclosed client for the transportation and installation of monopiles and transition pieces at a large offshore wind farm in European waters, reflecting the client's ongoing confidence in Cadeler's capabilities in offshore wind foundation services.
- Project Timeline: The installation campaign is expected to commence in the first half of 2028, utilizing two of Cadeler's wind installation vessels, including a new A-class series vessel designed for XXL foundation installation, ensuring efficient project execution.
- Market Expansion: This agreement marks Cadeler's first full-scope foundation T&I project outside the United Kingdom, further solidifying its position as a full-service provider in offshore wind and showcasing its growing experience across jurisdictions.
- Commitment to Safety and Reliability: CEO Mikkel Gleerup emphasizes the company's focus on safe execution and reliable project delivery, as Cadeler continues to build its pipeline of complex foundation projects, demonstrating its commitment to enabling the global transition to renewable energy.
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About CDLR
Cadeler A/S is a Denmark-based company engaged in the engineering and construction industry, with a specialized focus on the offshore wind energy sector. The Company provides services for the transportation, installation, maintenance, and decommissioning of offshore wind turbine generators (WTGs), foundations, and platform topsides/substations. Cadeler A/S operates exclusively within the offshore wind industry and positions itself as a key enabler of the global energy transition toward renewable energy. The Company’s service portfolio includes offshore construction, heavy lift operations, project cargo handling, and accommodation services. Cadeler A/S also provides support for operations and maintenance activities, ensuring long-term performance and reliability of offshore wind assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
