Cadeler receives Wind Keeper vessel and secures firm EUR210m contract

Danish group Cadeler has taken early delivery of the Wind Keeper, its eighth vessel, now tied to a three-year contract with Vestas worth a firm EUR210m ($228m), including additional options.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Copenhagen-based offshore service provider Cadeler has officially announced the early delivery of its latest vessel, Wind Keeper. This unit becomes the eighth in the company’s fleet, reinforcing its capacity to meet growing European demand for large-scale offshore wind installation and maintenance services.

A strategic three-year contract with Vestas

Alongside the acquisition, Cadeler has signed a firm contract with Vestas Wind Systems A/S for an initial period of three years. The firm value of the agreement is EUR210m ($228m), with additional options that could raise the total to more than EUR380m ($413m) if fully exercised. Under the contract, Wind Keeper will perform both operations and maintenance (O&M) as well as transport and installation (T&I) tasks for Vestas’s current and future offshore wind projects.

The vessel is currently en route from China to Europe. Ahead of the contract’s expected commencement in the first quarter of 2026, it will undergo a series of technical upgrades to enhance its operational capabilities. These include marine seafastening systems for three Vestas V236-15.0 MW turbines and adaptation for the expanding 15 MW segment.

A versatile asset for an evolving market

Built in 2024 by Shanghai Boqiang Heavy Industry Group Co., the vessel—initially named Bo Qiang 3060—was acquired below its estimated replacement cost. The acquisition is fully financed through debt on favourable terms from DNB Bank ASA, according to Cadeler.

Wind Keeper is equipped with advanced European systems, including a Huisman main crane with a 2,200-tonne lifting capacity, a Kongsberg DP2 dynamic positioning system, MAN engines, and Siemens propulsion. Its 120-metre jack-up legs will enable it to operate effectively in deep and challenging offshore environments.

Gradual fleet expansion

Cadeler has confirmed that four additional jack-up vessels are currently under construction and will soon join its fleet. The company is continuing the execution of its expansion strategy to meet offshore wind developers’ needs for specialised equipment and operational readiness.

“This contract proves the strategic rationale behind our decision to acquire this vessel,” said Mikkel Gleerup, Chief Executive Officer of Cadeler, in the press release issued on July 18. He added, “Wind Keeper will bring immediate value to our fleet thanks to its dual capability across installation and maintenance scopes.”

The Swedish energy group aims to produce 9TWh per year with its Storlandet project, intended to meet rising demand from the mining and steel industries in the north of the country.
The two regional utilities join a JERA-led consortium to support the operation of the Ishikari Bay offshore wind farm, which entered service in early 2024.
Energy group Axpo is considering a new installation of three wind turbines in Wil, aimed at powering around 5,000 households and strengthening Switzerland's winter electricity production.
Encavis strengthens its wind portfolio in Germany with the acquisition of a Schierenberg project and the signing of four new partnerships with ABO Energy, for a joint total capacity of 106 MW.
Boralex rolls out an energy assistance scheme for residents near its wind and solar farms, with a pilot project launched in two communes in Haute-Loire.
Eiffage, through its Belgian subsidiary Smulders, will build three electrical substations to connect offshore wind farms in Brittany and the Mediterranean, under a contract exceeding €1.5bn ($1.59bn).
Envision Energy has published an environmental product declaration for two of its turbines, a milestone certified to ISO standards aimed at strengthening its position in international wind markets.
Yaway, a brand of Kallista Energy, commissions in Breteuil a very high-power charging station directly connected to wind turbines, offering a price of €0.30/kWh ($0.32/kWh) and a maximum power of 400 kW, with no subscription.
Fortescue has selected Envision Energy to supply next-generation turbines in Australia, the first step in a project targeting 2 to 3 GW of renewable generation backed by batteries.
Singapore-based developer Vena Energy has launched operations at its third wind power plant in Japan, located in Saikai, Nagasaki Prefecture, with a grid-connected capacity of 7.5 MW.
Ørsted and Korea South-East Power Co. (KOEN) have signed a memorandum of understanding to explore joint development of the 1.4 GW Incheon offshore wind project, located off South Korea’s west coast.
RWE has finalised the installation of all 72 monopiles at the 1.1 GW Thor offshore wind farm off the Danish coast, marking a key milestone ahead of secondary structure and turbine installation scheduled for 2026.
The Bundesnetzagentur awarded 376 projects totalling 3.45 GW, with a weighted average price of 6.57 cents per kilowatt-hour, without reducing the volume despite an undersubscription risk.
Alternergy strengthens its portfolio by acquiring two wind projects from CleanTech in Quezon Province, expanding its growth strategy beyond the 500MW mark.
Orsted has resumed work on its Revolution Wind offshore wind farm, previously halted by federal authorities, after a court ruling allowed construction to continue despite ongoing legal action from the U.S. government.
No candidate submitted a final offer for the 1 GW project off Oléron Island, despite an initial shortlist of nine consortiums including major European energy groups.
TotalEnergies and RWE secure the Centre Manche 2 contract, France’s largest offshore wind project to date, with an estimated investment of €4.5bn ($4.82bn).
A federal court authorises Ørsted to continue construction on its offshore wind farm Revolution Wind, halted by an administrative order in August, while the group secures DKK60bn to finance Sunrise Wind.
The European Bank for Reconstruction and Development leads an international financing structure to support the construction of a wind farm in Ras Ghareb, as part of Egypt’s national energy strategy.
Endesa has completed the recommissioning of a wind farm in Castile and León, replacing 22 turbines with four new units, in a EUR34mn project backed by Spanish public funding.

Log in to read this article

You'll also have access to a selection of our best content.

[wc_register_modal]