Wind Energy – T&I Contract
Cadeler today announces the signing of two firm contracts covering the full-scope transportation and installation of offshore wind turbines and their foundations for an upcoming offshore wind farm development.
The combined value of both projects is approximately EUR 500 million.
The foundations transportation and installation (T&I) campaign is set to commence in early 2029 and to be executed using one of Cadeler’s newbuild A-class vessels.
The turbine installation scope is scheduled to begin in early 2030 and will be carried out by one of Cadeler’s O-class jack-up vessels, with completion expected by late 2030.
The contracts are subject to the client’s investment decision in the project. Should the client be unsuccessful, the agreements may be terminated subject to a termination fee.
