Denmark-based offshore wind vessel player Cadeler has signed two firm contracts covering the full-scope transportation and installation of offshore wind turbines and their foundations for an upcoming offshore wind farm development.

The campaign is set to commence in early 2029 and will be executed using one of Cadeler’s newbuild A-class vessels.

This will be the third full-scope foundation transport and installation campaign for the company.

The turbine installation scope is scheduled to begin in early 2030 and will be carried out by one of Cadeler’s O-class jackup vessels, with completion expected by late 2030. The combined value of the contracts is around €500m ($577.8m).

The contracts are subject to the undisclosed client’s investment decision in the project. Should the client be unsuccessful, the agreements may be terminated subject to a termination fee.

“This project reinforces Cadeler’s position as a full-service T&I partner in the foundations space and demonstrates that our strategic direction is aligned with current market demands,” said Mikkel Gleerup, CEO of Cadeler.