Cadeler signs firm contract with Synera Renewable Energy for WTG Installation at the Formosa 4 Offshore Wind Farm in Taiwan

22 Aug 2025 08:49 CEST

Copenhagen, 22 August 2025 - Cadeler today announces that it has signed a firm
contract with Synera Renewable Energy (SRE) for the transportation and
installation (T&I) of 35 Siemens Gamesa 14MW wind turbines at the Formosa 4
Offshore Wind Farm in Taiwan. The project will be executed by one of Cadeler’s
next-generation M-class wind turbine installation vessels.

The T&I operations are set to commence in March 2028 and will last approximately
150 days. The revenue from this contract to Cadeler is projected to be between
EUR 70 and 80 million.

Today’s announcement reflects the execution of a firm contract for a portion of
the work contemplated by the reservation agreement Cadeler disclosed in
September 2024, which secured two offshore wind projects in the region.
Negotiations are ongoing with respect to the second of such offshore wind
projects. Cadeler’s partnership with SRE on these projects represents a further
step forward in Cadeler’s long-term strategy to advance offshore wind in the
Asia-Pacific, supported by the company’s local office in Taipei.

Located 18 to 20 kilometres off the coast of Miaoli County, Formosa 4 will span
an area of 58 square kilometres, with turbines installed at water depths between
57 and 64 metres. Upon completion, the wind farm will provide 495 MW of clean
offshore energy, contributing significantly to Taiwan’s green energy supply.

Mikkel Gleerup, CEO of Cadeler, comments: "This milestone project further
anchors Cadeler’s strategic presence in the Asia-Pacific region. With the
support of our team based in Taipei, we are steadily building up our APAC
presence and pipeline, with two vessels currently operating contracts in the
region. With an M-class vessel, we are bringing best-in-class technology to
Taiwan’s shores, building a bridge between continents and the infrastructure for
a cleaner tomorrow.”

***

For further information, please contact:  

 

Cadeler Press Office
+45 2830 6905

press@cadeler.com



Mikkel Gleerup 

CEO, Cadeler 

+45 3246 3102 

mikkel.gleerup@cadeler.com  

 

Alexander Simmonds 

EVP & CLO, Cadeler 

+44 7376 174172 

alexander.simmonds@cadeler.com 

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