Cadeler Locks in First Contracts for Newbuild Vessel Wind Mover
Cadeler has secured two contracts for its newbuild wind installation vessel, Wind Mover, with a total estimated value of up to EUR 75 million. The contracts, signed with undisclosed clients, will commence immediately upon the vessel's delivery in Q4 2025 and cover operations and maintenance activities, along with potential installation work in Europe.
Wind Mover will be the second of two M-class wind installation vessels in Cadeler's newbuild portfolio, following its sister vessel Wind Maker's delivery in January 2025. These vessels are specifically designed to install next-generation offshore wind turbines. The combined agreement spans from Wind Mover's European arrival post-delivery until its next scheduled installation project.
Cadeler ha ottenuto due contratti per il suo nuovo vascello di installazione di turbine eoliche, Wind Mover, con un valore totale stimato fino a 75 milioni di EUR. I contratti, firmati con clienti non rivelati, inizieranno immediatamente alla consegna del vascello nel Q4 2025 e copriranno attività di operazioni e manutenzione, insieme a potenziali lavori di installazione in Europa.
Wind Mover sarà il secondo dei due vascelli di installazione eolica di classe M nel portfolio di nuovi costruzioni di Cadeler, dopo la consegna del suo vascello gemello Wind Maker a gennaio 2025. Questi vascelli sono progettati specificamente per installare turbine eoliche offshore di nuova generazione. L'accordo combinato si estende dall'arrivo di Wind Mover in Europa dopo la consegna fino al suo prossimo progetto di installazione programmato.
Cadeler ha asegurado dos contratos para su nuevo buque de instalación eólica, Wind Mover, con un valor total estimado de hasta 75 millones de EUR. Los contratos, firmados con clientes no revelados, comenzarán inmediatamente tras la entrega del buque en Q4 2025 y cubrirán actividades de operación y mantenimiento, además de trabajos de instalación potencial en Europa.
Wind Mover será el segundo de dos buques de instalación eólica de clase M en el portafolio de nuevos construcciones de Cadeler, tras la entrega de su buque hermano Wind Maker en enero de 2025. Estos buques están diseñados específicamente para instalar turbinas eólicas marinas de próxima generación. El acuerdo combinado abarca desde la llegada de Wind Mover a Europa tras la entrega hasta su próximo proyecto de instalación programado.
카델러(Cadeler)는 Wind Mover라는 새로운 해상 풍력 설치 선박을 위해 총 7500만 유로(EUR)의 추정 가치를 가진 두 건의 계약을 체결했습니다. 계약은 비공식 고객과 체결되었으며, 선박의 인도 후 2025년 4분기부터 즉시 시작되어 유럽에서의 운영 및 유지보수 활동과 잠재적인 설치 작업을 포함할 것입니다.
Wind Mover는 카델러의 새로운 건조 포트폴리오에 있는 두 대의 M급 풍력 설치 선박 중 두 번째입니다. 첫 번째는 2025년 1월에 인도된 자매 선박 Wind Maker입니다. 이 선박들은 차세대 해상 풍력 터빈을 설치하도록 특별히 설계되었습니다. 통합 계약은 Wind Mover가 유럽에 도착한 이후부터 그 다음 예정된 설치 프로젝트까지 포함됩니다.
Cadeler a sécurisé deux contrats pour son nouveau navire d'installation éolienne, Wind Mover, d'une valeur totale estimée à 75 millions d'EUR. Les contrats, signés avec des clients non divulgués, commenceront immédiatement après la livraison du navire au Q4 2025 et couvriront les opérations et les activités de maintenance, ainsi que des travaux d'installation potentiels en Europe.
Wind Mover sera le deuxième de deux navires d'installation éolienne de classe M dans le portefeuille de nouvelles constructions de Cadeler, suite à la livraison de son navire jumeau Wind Maker en janvier 2025. Ces navires sont spécialement conçus pour installer des turbines éoliennes offshore de nouvelle génération. L'accord combiné couvre la période allant de l'arrivée de Wind Mover en Europe après sa livraison jusqu'à son prochain projet d'installation programmé.
Cadeler hat zwei Verträge für sein neues Windinstallationsschiff, Wind Mover, mit einem geschätzten Gesamtwert von bis zu 75 Millionen EUR gesichert. Die Verträge, die mit nicht offengelegten Kunden unterzeichnet wurden, beginnen sofort nach der Lieferung des Schiffes im Q4 2025 und umfassen Betriebs- und Wartungsaktivitäten sowie mögliche Installationsarbeiten in Europa.
Wind Mover wird das zweite von zwei Windinstallationsschiffen der M-Klasse im neuen Portfolio von Cadeler sein, nach der Lieferung seines Schwesterschiffs Wind Maker im Januar 2025. Diese Schiffe sind speziell für die Installation von Offshore-Windturbinen der nächsten Generation konzipiert. Die kombinierte Vereinbarung erstreckt sich vom europäischen Eintreffen von Wind Mover nach der Lieferung bis zu seinem nächsten geplanten Installationsprojekt.
- Secured new contracts worth up to EUR 75 million
- Immediate vessel utilization upon delivery, eliminating idle time
- Expanding fleet capacity with second M-class vessel delivery
- None.
Insights
The securing of contracts worth up to
- The immediate post-delivery utilization eliminates the typical 'idle time' risk associated with newbuild vessels, ensuring revenue generation from day one
- The timing aligns perfectly with the industry's push toward larger turbine installations, as Wind Mover is specifically designed for next-generation wind turbines
- The combined O&M and installation service scope demonstrates Cadeler's operational flexibility, allowing for revenue optimization between major installation projects
The contract's structure reveals strong market dynamics in the offshore wind sector, with operators securing installation capacity well in advance. This forward booking trend indicates robust demand for specialized vessels capable of handling larger turbines, potentially supporting stronger day rates in the medium term.
Financially, this agreement strengthens Cadeler's order backlog and provides clear revenue visibility through the initial operational period of Wind Mover. The vessel joins its sister ship Wind Maker in Cadeler's expanding fleet, positioning the company to capitalize on the growing demand for offshore wind installation services in Europe's accelerating renewable energy transition.
Cadeler has signed two contracts with undisclosed clients for the utilisation of its newbuild wind installation vessel, Wind Mover, starting immediately upon delivery.
The contracts, which are part of a combined agreement, will cover the entire period from Wind Mover’s arrival in
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.
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20250203355969/en/
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
Source: Cadeler A/S
FAQ
What is the value of Wind Mover's new contracts for Cadeler (CDLR)?
When will Cadeler's Wind Mover vessel be delivered?
What type of work will CDLR's Wind Mover perform under the new contracts?
How many M-class vessels will Cadeler (CDLR) have in its fleet?
What is the duration of Wind Mover's new contracts for CDLR?
