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Cadeler raises €86 million for newbuild WTFI vessel

Thursday, May 5 2022

Wind Energy – Installation Vessel

Cadeler has successfully completed a private placement with proceeds of 86 million EUR with the intent to add a new state-of-the art newbuild Wind Turbine Foundation Installation vessel to its fleet.

The addition of the new F-class vessel will enable Cadeler to target the evolving segment of foundation installations and enhances the capability to offer a complete set of services within transport and installation of wind farms.

The new F-class will be built on similar specifications to the two X-class vessels announced last year. However, the F-class will feature a unique hybrid design, allowing the vessel to convert from being a foundation installation unit to a wind turbine generator (WTG) installation vessel within a short period of time.

Also, the main crane on the F-class vessel will be bigger than the 2,600t, 46m cranes expected to be installed on the X-class vessels.

Mikkel Gleerup, CEO of Cadeler, said: “Working closely with our partners in the industry, we see excellent deployment prospects for an F-class newbuild due to strong demand for foundation installation in the rapidly evolving offshore market.”

He adds: “Flexibility, efficiency, and economies of scale are key to success for our clients. We are pleased that our portfolio is being shaped to deliver these requirements. In line with the X-class vessels, the F-class will cater for some of the largest dimensions in the offshore wind industry. The F-class will be able to transport up to six XL monopiles (weight 2.300-2,600mt each) per round-trip which improves operational efficiency substantially.”

Related posts:

  1. Cadeler signs key contract with Van Oord
  2. Ørsted taps Seaway 7 and Cadeler for German offshore wind projects
  3. Significant fleet expansion for Cadeler
  4. Voltaire equipped with crane and legs

Filed Under: Cadeler, Finance, installation vessel, International News Tagged With: Cadeler, Installation vessel


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