Cadeler’s New F-Class Offshore Wind Installation Vessel Booked to 2030

Danish offshore wind construction company Cadeler has secured a second contract for its new F-class jack-up vessel that will keep the vessel employed through 2030.

The 4-year contract was signed with an undisclosed customer and is set to commence in 2027. If all options are exercised, the contract could be worth 330 million euros.

Cadeler’s new F-class is interesting because it’s designed to convert from a foundation installation vessel to a wind turbine generator installation vessel with relative ease and minimal downtime. The vessel was ordered in May from COSCO Heavy Industries for approximately $345 million with delivery planned in the fourth quarter of 2025.

The new F-Class vessel has already been booked for its first gig installing turbine foundations at the Hornsea 3 offshore wind farm off the east coast of the UK beginning in 2026.

Cadeler is also building two similarly-spec’d X-class vessels to be delivered by COSCO Heavy Industries in the second half of 2024 and first quarter of 2025.

Both the X-class and F-class vessels will be able to transport and install seven complete 15 megawatt (MW) turbine sets per load or five sets of 20+ MW turbines. The F-class can also transport up to six XL monopiles per round-trip.

“We are very happy that we have secured a long-term utilization of our state-of-the-art F-class vessel until 2030,” said Mikkel Gleerup, CEO of Cadeler A/S. “This is a clear testimony that our vessels are a good fit for the market, in high demand and that Cadeler is a valued business partner to our clients. We are looking forward to putting our new hybrid vessel to good use in the next years while executing projects in collaboration with our business partners.”

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