Cadeler Orders Two New Offshore Wind Installation Vessels for EUR 805M

Cadeler A/S has signed firm contracts with COSCO Shipping Offshore shipyard for the construction of two new T-class offshore wind installation vessels. The total contract price for these vessels is approximately EUR 805 million, with deliveries scheduled for 2030 and 2031. This investment, for which equity financing was secured earlier this year, is part of Cadeler's long-term strategy to expand its fleet and support the growing offshore wind industry. The T-class vessels are designed to be the largest and most capable in the market, incorporating advanced technologies.