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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.

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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.”

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