Cadeler has signed firm contracts with the Equinor joint venture behind Polish offshore wind farms Baltyk 2 and Baltyk 3.
The Oslo and New York-listed outfit said the contracts’ potential value is in the range of €120m to €144m ($134m to $161m).
“We are excited to announce a firm contract for yet another significant milestone project in Poland,” Cadeler chief executive Mikkel Gleerup said.
“This marks our third major project in the Polish market, showcasing the strong business potential in that market, driven by increasing demand for renewable energy.”
Both Polish and Baltic Sea wind farms are joint venture projects owned 50% by Norway’s Equinor and 50% by Poland’s Polenergia.
“We are proud to support our partners in accelerating the transition to sustainable energy, with these projects ultimately benefiting more than 2m households,” Gleerup said.
“Additionally, this is our first firm contract with Equinor and Polenergia, and we look forward to working closely together to set the stage for future successful collaborations.”
The projects will involve the installation of 100 offshore wind turbines, beginning in 2027.
BW-backed Cadeler plans to deploy an O-Class and a P-Class vessel for the projects.
“Given the complex nature of the project, Cadeler is deploying an innovative dual-vessel set-up, offering the exclusive flexibility the client needs to meet their capacity targets while showcasing the advantages of having the largest, most versatile and capable fleet of jack-up vessels in the industry,” the Copenhagen-based company said.
The two wind farms are expected to generate a combined 1.44 GW.
The vessel reservation agreements with the projects were initially announced in May.
