Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Cadeler strengthens position in Asia-Pacific region

Monday, September 30 2024

Wind Energy – Asia-Pacific Region

Cadeler today announces the signing of a Vessel Reservation Agreement (VRA) for various wind projects in the Asia-Pacific region.

The VRA secures the availability of one of Cadeler’s two state-of-the-art newbuild M-Class vessels and underlines Cadeler’s continued expansion in the Asia-Pacific market.

The aggregate potential value to Cadeler of development pipeline, to be negotiated during the pendency of the VRA is expected to be approximately 200 million EUR.

The state-of-the-art newbuild M-Class vessel that is expected to work on these projects is one of six new buildings that will be joining Cadeler’s fleet in the coming years (in addition to the Wind Peak, which Cadeler took delivery of last month). The signing of this contract underlines Cadeler’s continued expansion in the Asia-Pacific market.

Mikkel Gleerup, CEO of Cadeler, said: “The Asia-Pacific market has significant growth potential and is of great interest to Cadeler. Expanding our presence in that market with this VRA aligns with our global business strategy. With our first state-of-the-art newbuild received, and six additional newbuilds being delivered over the coming years, we will be able to handle the largest and most complex next-generation offshore wind installation projects, further building our backlog and ensuring that our customers and partners can look to Cadeler as offering the strongest choice of flexibility and supply-chain certainty.”

Related posts:

  1. Cadeler signs two contracts with Ørsted  
  2. Cadeler’s Wind Peak launched at Cosco Shipyard
  3. Keel-laying of WTIV Wind Maker in South Korea
  4. Huisman to deliver cranes and installation tools for Cadeler’s A Class

Filed Under: Asia Pacific, Cadeler, International News Tagged With: Asia Pacific region, Cadeler, VRA

All rights reserved - 2025 cookies