Cadeler Secures Vessel Reservation Agreements for Polish Offshore Wind Projects

Credit: Cadeler

wind installation company Cadeler A/S announced on Sunday its acquisition of vessel reservation agreements for the Baltyk II and Baltyk III offshore wind farms in . These projects, jointly developed by Polish power utility Polenergia SA and Norway's Equinor ASA, are set to be constructed in the , approximately 27 km and 40 km from the port of Leba, respectively.

The Baltyk II and Baltyk III ventures are slated to feature 100 offshore wind turbines with a combined capacity of 1,440 MW, with turbine installation scheduled to commence in 2027. Cadeler disclosed plans to utilize both an O-Class and a P-Class vessel for the project, aiming to optimize efficiency and productivity during the installation process. The contracts stemming from these vessel reservation agreements are estimated to range between EUR 110 million (USD 119m) and EUR 130 million.

Cadeler CEO Mikkel Gleerup underscored the promising business prospects offered by the Polish market, emphasizing the significance of securing this contract with Equinor and Polenergia. “This also marks our first contract with Equinor and Polenergia, setting the stage for new successful future partnerships,” Gleerup commented.

In February, Polenergia and Equinor finalized an agreement with for the supply of turbines for the Baltyk II and Baltyk III projects, signaling further progress towards the realization of these ambitious offshore wind developments.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use

Support Renewable Energy News!

At EnergyMagz, we believe that reliable, up-to-date news on renewable energy is vital for driving the world toward a sustainable future. By contributing, you’re not only supporting quality journalism, but also helping to shape the world’s transition to greener solutions.
DONATE  NOW
Every contribution, no matter the size, makes a difference.
close-link