BW Group-backed Cadeler has clinched a breakthrough in the Polish offshore wind market.
The Oslo-listed shipowner has signed a firm deal with Baltic Power to transport and install 76 Vestas 15-MW turbines from 2024.
The work will take place in the Polish sector of the Baltic Sea and is worth between €68m ($74m) and €85m.
Cadeler described Poland as a new and expanding offshore market.
The two companies agreed on a preliminary deal for the work last year, but no specific details on the number or make of turbines were given.
Baltic Power is a joint venture between Orlen and Northland Power.
This will be one of the first times the new V236-15 MW turbine will be used on a commercial scale.
When the wind farm is completed in 2026, it will have a capacity of up to 1.2 GW of renewable energy.
Cadeler will use one of its two O-class installation vessels, which by the time of the project execution will feature a new and upgraded crane with a lifting capacity of 1,600 metric tonnes at a radius of 40 metres.
Poland wants to build 5.9 GW of offshore wind capacity by 2030, and 11 GW by 2040.
Several large-scale projects are in the pipeline.
Baltic Power’s site covers more than 130 square km, 23 km out from the coast.
Merger deal struck
Last month, shipping giants BW Group and Scorpio Group struck a deal to form the world’s biggest owner of wind turbine and foundation installation ships.
They are merging Cadeler with Scorpio’s Eneti in a $1.2bn all-share deal.
Cadeler will offer investors in New York-listed Eneti 3.409 Cadeler shares for every Eneti share.
The BW Group company will have 60% and Eneti 40% of the combined company.
