Denmark-based offshore wind vessel player Cadeler has signed a firm contract with Synera Renewable Energy for the transportation and installation of turbines at the Formosa 4 offshore wind farm in Taiwan.

The company will utilise one of its M-class wind turbine installation vessels to install 25 Siemens Gamesa 14MW turbines.

Operations are scheduled to commence in March 2028 and are expected to last approximately 150 days. The revenue from this contract to Cadeler is projected to be between €70m and €80m ($81.1m and $92.7m).

Today’s announcement is the execution of a firm contract for a portion of the work contemplated by the reservation agreement Cadeler disclosed in September 2024, which secured two offshore wind projects in the region. Negotiations are ongoing for the second offshore wind project.

Located 18 to 20 km off the coast of Miaoli County, Formosa 4 will span an area of 58 sq km, with turbines installed at water depths between 57 and 64 m. Upon completion, the wind farm will provide 495MW of power.

“This milestone project further anchors Cadeler’s strategic presence in the Asia-Pacific region. With the support of our team based in Taipei, we are steadily building up our APAC presence and pipeline, with two vessels currently operating contracts in the region,” said Mikkel Gleerup, CEO of Cadeler.