Image credit: Cadeler
New-York and Oslo-listed Cadeler, a specialist in offshore wind turbine transport and installation, said on Monday it had placed firm orders for two new T-class offshore wind installation vessels at COSCO Shipping Offshore shipyard in Qidong, China, with deliveries scheduled in 2030 and 2031. The contract price for the two T-class vessels is around 805m euros ($929m) in aggregate.
The new T-class vessels, for which the company says it is already in discussions with key clients regarding their deployment, have been designed to handle complex projects.
“The new T-class series vessels have been engineered to be the largest and most capable vessels ever introduced to this market, incorporating breakthrough technologies and operational capabilities that extend well beyond current industry standards,” Cadeler said in a press release on August 10.
The agreement was secured on competitive commercial terms, according to Cadeler, and builds on its established collaboration with COSCO Shipping Offshore shipyard, which has already constructed several vessels as part of Cadeler’s newbuild programme.
The contracts follow equity financing secured earlier this year for the investment.
Mikkel Gleerup, chief executive officer of Cadeler, said: “As offshore wind projects become larger and more technically demanding, developers need installation partners with the experience, specialised capabilities and modern fleet to deliver them safely and reliably.
“Our investment in the T-class reflects our commitment to staying ahead of future customer requirements, delivering best-in-class technical solutions and raising the bar for excellence in offshore wind installation.
“We are pleased to continue our collaboration with COSCO Shipping Offshore shipyard, with whom we have built a strong and trusted working relationship over several years. Their understanding of our requirements and commitment to quality have made them a valued partner as we continue expanding our fleet.”
