Cadeler locks in first contracts for newbuild vessel Wind Mover

03 Feb 2025 08:00 CET

Cadeler locks in first contracts for newbuild vessel Wind Mover

Cadeler has signed two contracts with undisclosed clients for the utilisation of
its newbuild wind installation vessel, Wind Mover, starting immediately upon
delivery.

Copenhagen – 3 February 2025 – Today, Cadeler has signed two contracts with
undisclosed clients for the utilisation of its newbuild wind installation
vessel, Wind Mover. The vessel, currently under construction at Hanwha Ocean
Shipyard in Korea, will support operations and maintenance (O&M) activities,
along with potential installation work, in Europe.

The contracts, which are part of a combined agreement, will cover the entire
period from Wind Mover’s arrival in Europe following its delivery from the
shipyard, up until the vessel's next scheduled installation project. The total
estimated contract value is up to EUR 75 million, depending on the final
delivery and redelivery date of the vessel and the scope of work, which may
include both O&M and installation services.

Wind Mover will be the second of two state-of-the-art M-class wind installation
vessels in Cadeler’s newbuild portfolio, each engineered and equipped to install
the next-generation offshore wind turbines currently being deployed across the
globe. Wind Mover is scheduled for delivery in Q4 2025. Its sister vessel, Wind
Maker, was delivered to Cadeler in January 2025.

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For further information, please contact:  

Mikkel Gleerup 

CEO, Cadeler 

+45 3246 3102 

mikkel.gleerup@cadeler.com  

 
Alexander Simmonds 

EVP & CLO, Cadeler 

+44 7376 174172 

alexander.simmonds@cadeler.com 


About Cadeler A/S:

Cadeler is a global leader in offshore wind installation, operations, and
maintenance services. Cadeler is a pure play company, operating solely in the
offshore wind industry with an uncompromising focus on safety and the
environment. Cadeler owns and operates the industry’s largest fleet of jack-up
offshore wind installation vessels and has for more than 10 years been a key
supplier in the development of offshore wind energy to power millions of
households. Cadeler’s fleet, expertise and capacity to handle the largest and
most complex next-generation offshore wind installation projects positions the
company to deliver exceptional services to the industry. Cadeler is committed
to being at the forefront of sustainable wind farm installation and to enabling
the global energy transition towards a future built on renewable energy. Cadeler
is listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock
Exchange (ticker: CADLR). For more information, please visit www.cadeler.com

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637565_Cadeler - Press Release - Cadeler locks in first contracts for newbuild vessel.pdf