Cadeler has secured a Vessel Reservation Agreement (VRA) to install wind turbine generators (WTGs) at Ocean Winds' 500MW offshore wind farm, BC-Wind, located in the Polish Baltic Sea.
The deal covers the installation and transportation of approximately 30 wind turbines at the BC-Wind site, which is situated about 23 kilometers from Poland's coastline in the Pomeranian Voivoideship. The contract, which is still being negotiated, is estimated to be valued between €48 million and €56 million.
As part of the agreement, Cadeler will deploy one of its O-class vessels to complete the project, which is slated for completion in 2028. This marks the first direct contractual partnership between Cadeler and Ocean Winds, although the two companies have previously collaborated on projects, including the Moray West offshore wind farm off Scotland's coast.
Mikkel Gleerup, CEO of Cadeler, expressed enthusiasm about the new collaboration, stating: “We are happy to embark on a new partnership with Ocean Winds, leveraging our expertise and resources to further strengthening our Polish pipeline.” He also highlighted Poland's growing significance in the offshore wind sector, adding, “Poland has become a significant player in the offshore wind market, and we look forward to once again be working in the Baltic Sea contributing to the development of offshore wind energy in the region.”
This latest agreement adds to Cadeler's expanding portfolio in the Polish offshore wind market. The company has already secured contracts for four major projects in the region. Last October, Cadeler signed firm agreements with Equinor and Polenergia joint ventures to install turbines at the Bałtyk 2 and Bałtyk 3 offshore wind farms, scheduled for completion by 2027. Additionally, Cadeler has contracts with Ørsted and PGE Polska Grupa Energetyczna for turbine installation at the Baltica 2 offshore wind farm, as well as with Baltic Power for the installation of 76 Vestas 15MW turbines at the Baltic Power offshore wind farm, which is expected to be completed by 2026.
