Cadeler eyes vessel work into 2029

Copenhagen-headquartered offshore wind installation player Cadeler has signed a preferred supplier agreement to transport and install wind turbine generators (WTGs).

The agreement was signed with an undisclosed client and secures vessel capacity for an installation campaign set to begin in 2029.

According to Cadeler, the effectiveness of the agreement is contingent upon the undisclosed client’s success in a future auction.

Recently, the offshore wind player announced that it was looking to switch the corporate domicile of its parent company to the UK as structure optimisation presses on after a merger with Eneti.

The BW Group and Scorpio-backed shipowner said it launched a detailed feasibility study, including a review of legal, tax and other considerations. The final decision regarding the move has yet to be made.