The ability to support the future needs of clients is a key strategic goal for Cadeler, which is why the Company has signed a contract to install a new crane on the vessel Wind Orca and the option for delivery of a crane on vessel Wind Osprey.
The new cranes will put Cadeler at the forefront of the market and assure a future-proof fleet.
Cadeler has contracted NOV to upgrade Wind Orca with a new and improved crane that meets the future offshore market demand for best-in-class installation vessels. The offshore market is moving towards installation of larger next generation wind turbines with capacity ratings exceeding 14MW, which requires improved crane lifting capacity from the vessels used to install, operate, and maintain offshore wind turbines.
The crane replacement on Wind Orca is expected to be initiated in October 2023 with completion in March 2024. As part of the contract Cadeler has also secured an option in the contract to replace the crane on vessel Wind Osprey. The total sum of the contract for replacement of both cranes is 102 million USD, including decommissioning of the old cranes, as well as the design, manufacturing, and installation of the new cranes. The cost will be financed by the Company’s cashflow over the years from 2021 to 2024.