Cadeler A/S

07/18/2022 | Press release | Distributed by Public on 07/18/2022 02:05

Cadeler enters Polish offshore wind market after securing vessel reservation agreement

Tid18.07.2022, 08:00:00
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Cadeler enters Polish offshore wind market after securing vessel reservation agreement

Cadeler A/S has secured a reservation agreement with Baltic Power for the installation of more than 70 offshore wind turbine generators (WTGs) in the Polish Baltic Sea. This marks Cadeler's entry into a new and developing offshore market.

Cadeler A/S has secured a large vessel reservation agreement to execute the transport and installation of more than 70 WTGs with a capacity to create up to 1,200 MW green energy. The project will be part of the Baltic Power offshore wind farm, and will be the first time Cadeler will operate in the Polish market, entering a brand-new market with ambitious plans for offshore wind.
For this project, Cadeler will make use of one of the two O-class installation vessels, which by the time of the project execution will feature a new and upgraded crane with a lifting capacity of 1,600 metric tons at a radius of 40 metres. Baltic Power is a joint venture project of PKN ORLEN and Northland Power Inc. The final contract is expected to be signed off during first half of next year.

New market with high wind ambitions
The Baltic Power offshore wind farm will be the first commercial scale project in Poland and one of the largest in the country. The project is planned to begin in 2024 and will be finalised during 2026. Poland has set an enterprising plan to build 5.9 GW of offshore wind by 2030, and 11 GW by 2040. To date, the country has not installed any offshore wind farms, however, there are several large-scale projects in the pipeline.
The wind farm will be situated in the Baltic Sea, 23 kilometres North of the Polish coast. The wind farm will spread across an area of more than 130 square kilometres. The size and brand of the turbines is yet to be confirmed.
"Poland has made an ambitious plan for offshore wind, and this project marks the first of many exciting projects in the coming years. There is a large potential in the Baltic Sea for installing offshore wind turbines, and we are happy to get the opportunity for the first time to join forces with Polish companies in driving the transition towards green energy, while sharing our best practice and extensive know-how. This project is a win-win for all parties involved and we look forward to a good cooperation" says Mikkel Gleerup, CEO of Cadeler.

For further information, please contact:

Mikkel Gleerup
CEO, Cadeler
+45 3246 3100
[email protected]

About Cadeler A/S:
Cadeler A/S is a key supplier within the offshore wind industry for installation services and marine and engineering operations with a strong focus on safety and the environment. Cadeler's experience as provider of high-quality offshore wind support services, combined with innovative vessel design, positions the company to deliver premium services to the industry. Cadeler facilitates the global energy transition towards a future built on renewable energy.
Cadeler is listed on the Oslo Stock Exchange (ticker CADLR).
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