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Ørsted and Cadeler Sign Long-Term Lease for New Wind Farm Installation Vessel

Photo courtesy Cadeler

Ørsted and Cadeler Sign Long-Term Lease for New Wind Farm Installation Vessel

Mike Schuler
Total Views: 653
April 8, 2024

Offshore wind developer Ørsted and Cadeler, a key supplier of offshore wind installation services, have entered into a long-term lease agreement for a newly-built A-Class Wind Farm Installation Vessel.

The agreement secures Ørsted’s vessel capacity from Q1 2027 until the end of 2030.

This partnership was unveiled on October 12, 2022, when Cadeler announced the booking of a new A-Class vessel.

The vessels feature a hybrid design that allows them to transport and install both foundations and wind turbine generators (WTGs). This collaboration is an extension of the existing work from the Hornsea 3 project, which marked Cadeler’s first foundation installation project.

“Securing long-term capacity with strategic suppliers is key for Ørsted to build collaboration and together manage risks and execution of our offshore wind construction program towards 2030 and beyond,” said Patrick Harnett, Chief Operating Officer at Ørsted.

Cadeler’s new A-Class vessels can transport up to six XXL monopile foundations per round trip and can be quickly converted from foundation installation vessels to WTG installation vessels. The vessels can transport and install seven complete 15-megawatt turbine sets per load or five 20+ megawatt turbines, reducing the number of trips required for each project.

“We have ambitiously invested and poured our unique know-how into our new-build wind turbine installation vessels to create security in our part of the value chain,” said Mikkel Gleerup, CEO of Cadeler. ”And we’re ready to handle the largest and most complex next-generation offshore wind installation projects. Our ambition is to help our partners install and realize the offshore wind farms needed for the world’s energy transition.”

In 2023, Cadeler merged with Eneti, becoming the world’s leading offshore wind turbine transport and installation company. The company is listed on the Oslo and New York Stock Exchanges. As of December 31, 2023, Cadeler’s fleet comprised four operating vessels: Wind Orca, Wind Osprey, Wind Scylla, and Wind Zaratan. Cadeler also has orders for six new vessels, with two each in the P-Class, A-Class, and M-Class categories.

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