Cadeler bags first deals for newbuild wind installation vessel

Copenhagen-headquartered offshore wind installation player Cadeler has signed two contracts with undisclosed clients for its newbuild wind installation vessel Wind Mover starting immediately upon delivery. 

The vessel, currently under construction at Hanwha Ocean Shipyard in Korea, will support operations, maintenance activities, and potential installation work in Europe.

The contracts, which are part of a combined agreement, will cover the entire period from Wind Mover’s arrival in Europe following its delivery from the shipyard, up until the vessel’s next scheduled installation project.

The total estimated contract value is up to €75m ($76.8m), depending on the final delivery and redelivery date of the vessel and the scope of work, which may include both O&M and installation services.

The Wind Mover will be the second of two state-of-the-art M-class wind installation vessels in Cadeler’s newbuild portfolio, each able to install the next-generation offshore wind turbines currently being deployed across the globe.

The vessel is scheduled for delivery in the fourth quarter of 2025. Its sister vessel, Wind Maker, was delivered to Cadeler in January 2025.