Brief: Cadeler Signs Two Contracts With Ørsted For Hornsea 3 Offshore Wind Farm

Cadeler A/S

25/04/2023 13:01

April 25 (Reuters) - Cadeler A/S  CADLR.OL :
    * SIGNS TWO CONTRACTS WITH ØRSTED AND ENTERS NEW STRATEGIC
DIRECTION IN FOUNDATIONS SPACE
    * TODAY, CADELER HAS SIGNED TWO CONTRACTS WITH ØRSTED FOR
HORNSEA
3 OFFSHORE WIND FARM IN UK
    * FOUNDATIONS CONTRACT WILL POSITION COMPANY IN COMPLETELY
NEW AND
STRATEGIC BUSINESS AREA AS FULL-SERVICE T&I PROVIDER IN
FOUNDATIONS SPACE
    * TOGETHER TWO CONTRACTS CONSTITUTE A VERY LARGE CONTRACT
AWARD
    * FIRST CONTRACT IS FOR TRANSPORTATION AND INSTALLATION
(T&I) OF
ALL MONOPILE TYPE FOUNDATIONS ON PROJECT
    * FOUNDATIONS CONTRACT WILL POSITION COMPANY IN A COMPLETELY
NEW
AND STRATEGIC BUSINESS AREA AS A FULL-SERVICE T&I PROVIDER IN
FOUNDATIONS SPACE
    * PROJECT IS EXPECTED TO BEGIN IN Q1/2026 AND FINISH BY END
OF
YEAR
    * SECOND CONTRACT IS FOR INSTALLATION OF AROUND HALF OF WIND
TURBINE GENERATORS (WTGS) REQUIRED
    * TURBINE PROJECT IS FORECAST TO BEGIN JUST AS FOUNDATIONS
PROJECT
IS COMPLETED AROUND Q4/2026 AND IS EXPECTED TO FINISH IN 2027
    * CADELER WILL MAKE USE OF ONE OF ITS TWO NEWBUILD X-CLASS
VESSELS

Source text for Eikon:  ID:nObiBqbcRa 
Further company coverage:  CADLR.OL 

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