Cadeler Inks Wind Turbine Installation Deal for Wind Scylla

Business & Finance

March 27, 2024, by Adnan Memija

Denmark’s Cadeler has signed an offshore wind turbine installation contract for the vessel, Wind Scylla, with an undisclosed client.

The contract has a value between USD 75 million and USD 150 million, including both the firm period and potential options.

The installation work is planned to commence in 2025. During the project duration, spanning between 300 and 550 days, the client will utilise Cadeler’s team and fleet expertise to complete the work, said the company.

“This contract showcases Cadeler’s commitment to providing fleet flexibility to our trusted clients, optimizing the chances of project success and completion within time and budget,” said Mikkel Gleerup, CEO of Cadeler.

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At the end of last year, Cadeler completed the merger with Eneti (formerly Scorpio Bulkers).

In October 2023, Eneti revealed that Seajacks UK, a wholly-owned subsidiary of the company, signed a contract with an undisclosed client to assist with the installation of wind turbines. The contract will be performed by Wind Scylla.

In terms of other recent news coming from Cadeler, the company recently held a keel-laying ceremony at Hanwha Ocean in South Korea for its wind turbine installation vessel (WTIV), Wind Maker.