Cadeler Expands Its Influence in Poland's Offshore Wind Sector
Cadeler Expands Its Leadership in the Polish Offshore Wind Sector
Cadeler is proud to announce its recent signing of a Vessel Reservation Agreement (VRA) with Ocean Winds, aimed at installing wind turbine generators (WTGs) at the BC-Wind offshore wind farm in the Polish Baltic Sea. This agreement marks an exciting new chapter for the company, with the potential value of the partnership estimated between EUR 48 million and EUR 56 million.
Details of the New Vessel Reservation Agreement
The VRA involves the installation and transportation of approximately 30 WTGs at the BC-Wind offshore facility. Cadeler's O-class vessels will be utilized to carry out the project, which is scheduled for completion in 2028. Notably, this marks the first direct contractual relationship between Cadeler and Ocean Winds, despite their previous collaborations, such as the Moray West offshore wind farm in Scotland.
Significance of the BC-Wind Project
BC-Wind is an ambitious offshore wind project with a capacity of 500 MW, situated roughly 23 kilometers away from Poland's coastline. This is Ocean Winds' inaugural project in Poland, signifying a crucial step in the development of the country's offshore wind capability.
Cadeler's Commitment to Partnership
Mikkel Gleerup, CEO of Cadeler, expressed enthusiasm about this new partnership, stating, "We are happy to embark on a new partnership with Ocean Winds, leveraging our expertise and resources to further strengthening our Polish pipeline. Poland has become a significant player in the offshore wind market, and we look forward to once again be working in the Baltic Sea contributing to the development of offshore wind energy in the region."
Strengthening Cadeler’s Position in the Market
This new agreement reinforces Cadeler's already strong position in the Polish offshore wind sector. It is a continuation of Cadeler's broader strategy to engage in significant renewable energy projects across Poland.
Previous Inspirational Contracts
Last year, Cadeler took pivotal steps in solidifying its foothold in the Polish market by signing firm contracts with Equinor and Polenergia for the installation of two offshore wind farms, Ba?tyk 2 and Ba?tyk 3. Work on these farms is set to commence in 2027, highlighting Cadeler’s commitment to this vibrant sector.
Further building its reputation, in February last year, Cadeler entered into a partnership with Ørsted and PGE Polska Grupa Energetyczna for the transport and installation of advanced Siemens Gamesa 14 MW wind turbines at Baltica 2, part of the expansive Baltica Offshore Wind Farm, slated for completion by the close of 2027.
More recently, in July, Cadeler signed a contract with Baltic Power to install 76 Vestas 15 MW offshore wind turbines at the Baltic Power wind farm, with installation slated to begin in 2025. This project alone is expected to yield a massive 1.2 GW of energy by 2026.
About Cadeler A/S
Cadeler stands as the leading name in offshore wind turbine transportation and installation, equipped with six operational jack-up vessels, along with five additional new builds destined for delivery in the years to come.
Cadeler is not just a company; it’s a beacon for the potential of offshore wind energy. With a strong focus on safety and environmental integrity, Cadeler owns the largest fleet of jack-up vessels recognized in the industry. For over a decade, they have played an integral role in the offshore wind energy sector, powering millions of households, and positioning themselves for even greater challenges ahead.
Cadeler is driven to remain at the forefront of sustainable wind farm installation. The company is listed on both the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange (ticker: CADLR). Cadeler continues to embrace its mission of facilitating the global energy transition towards renewable energy.
Frequently Asked Questions
What is the significance of the Vessel Reservation Agreement signed by Cadeler?
The Vessel Reservation Agreement allows Cadeler to collaborate closely with Ocean Winds, boosting the installation of offshore wind turbines, which is important for energy production in the region.
When is the BC-Wind offshore wind project expected to be completed?
The BC-Wind project is scheduled for completion in 2028, demonstrating Cadeler's commitment to long-term renewable energy projects.
How has Cadeler established its presence in the Polish offshore wind market?
Cadeler has established a strong presence through several contracts, including projects with Equinor and Baltic Power, particularly as Poland expands its offshore wind energy initiatives.
Why is Cadeler a leader in the offshore wind energy sector?
Cadeler's leadership comes from its extensive fleet, expertise in complex projects, and a dedicated focus solely on offshore wind energy installations over more than a decade.
What is Cadeler's vision for the future in renewable energy?
Cadeler aims to stay at the forefront of sustainable practices in offshore wind energy, supporting the global transition towards renewable energy and contributing to significant environmental benefits.
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