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Cadeler strengthens its presence in Poland with a strategic offshore wind agreement

Cadeler has signed a Vessel Reservation Agreement with Ocean Winds for the installation of turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The contract, estimated between EUR 48 and 56 million, reinforces the company’s position in this expanding market.

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Cadeler has officially signed a Vessel Reservation Agreement (VRA) with Ocean Winds for the transportation and installation of approximately 30 wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The agreement includes the deployment of one of Cadeler’s O-class vessels, with project completion scheduled for 2028. The potential contract value, still under negotiation, ranges between EUR 48 and 56 million.

A growing offshore market

BC-Wind is an offshore wind project with a maximum capacity of 500 MW, located about 23 km off the Polish coastline, north of the Pomeranian Voivodeship. It is Ocean Winds’ first project in Poland, a market attracting increasing investment in offshore wind energy.

With this agreement, Cadeler strengthens its commitment to Poland, a country accelerating its efforts to develop offshore energy infrastructure. This project follows several initiatives led by Cadeler in the Polish market.

Successive commitments in the Polish market

Last October, Cadeler signed firm contracts with Equinor and Polenergia joint ventures for the installation of the Bałtyk 2 and Bałtyk 3 offshore wind farms, with operations set to begin in 2027.

A few months earlier, in February 2023, the company had finalized an agreement with Ørsted and PGE Polska Grupa Energetyczna for the transportation and installation of Siemens Gamesa 14 MW turbines for the Baltica 2 project, also scheduled for completion in 2027.

A growing fleet

In July 2023, Cadeler also signed a contract with Baltic Power for the installation of 76 Vestas 15 MW turbines at the Baltic Power wind farm, a 1.2 GW project expected to be operational by 2026.

As a major industry player, Cadeler currently operates a fleet of six jack-up vessels dedicated to offshore wind turbine transportation and installation. The company is also expecting the delivery of five new vessels in the coming years, further enhancing its ability to meet growing market demand.

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