Cadeler firms up offshore wind turbine installation deal in Poland

Copenhagen-headquartered offshore wind installation player Cadeler has signed firm contracts with Equinor and Polenergia for work on the Baltyk 2 and Baltyk 3 offshore wind farms.

The Baltyk 2 and Baltyk 3 offshore wind farms will be located in the Baltic Sea, some 22 km and 37 km from the port of Leba in Poland. The projects will involve the installation of a total of 100 offshore wind turbine generators.

Cadeler plans to deploy both an O-Class and a P-Class vessel for the projects. The installation of the turbines is set to begin in 2027. The contract stems from a vessel reservation agreement signed back in May this year.

Once operational, the two wind farms are expected to generate a combined capacity of 1.44GW, providing electricity equivalent to the needs of more than 2m households.

The total potential value of these contracts to Cadeler is expected to be in the range of €120m to €144m, with operations scheduled to begin in 2027.

“This marks our third major project in the Polish market. Additionally, this is our first firm contract with Equinor and Polenergia, and we look forward to working closely together to set the stage for future successful collaborations,” said Mikkel Gleerup, CEO of Cadeler.