Cadeler A/S Sponsored ADR (CDLR) has released an update.
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Cadeler A/S has secured a lucrative contract worth between EUR 114 – 130 million for installing 72 massive 15MW Vestas wind turbines at Scotland’s Inch Cape Offshore Wind Farm, set to power around 1.6 million UK homes. The project, which begins in Q4 2026, reinforces Cadeler’s position as a leading offshore wind installation service provider, utilizing their advanced M-class vessel for the 249-day project duration. Cadeler’s CEO emphasizes the deal’s reflection of growing market demand and the company’s commitment to expanding its partner portfolio and contract backlog.
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