Ørsted and Cadeler Sign Agreement for Offshore Wind Installation Vessel Capacity

(Image credit: Ørsted/Cadeler)

Ørsted and Cadeler signed a firm long-term lease agreement for a newbuilt wind farm installation vessel. With the agreement, Ørsted secures installation vessel capacity from Q1 2027 to end of 2030 for upcoming construction projects.

The signing of the long-term agreement discloses Ørsted as the client in Cadeler’s announcement made on October 12, 2022. This agreement involves booking a new-built A-Class vessel from Cadeler. The A-Class vessels feature a hybrid design, allowing them to transport and install both foundations and turbines (WTGs). Ørsted and Cadeler’s collaboration builds upon existing synergies and work from Hornsea 3, which serves as Cadeler’s inaugural foundation installation project

Fleet Flexibility to Minimize Risks in Growing Offshore Wind Farm Projects

Offshore wind farm projects are expanding both in scale and complexity, making risk management and securing supply chains more relevant with each passing day.

Under the long-term agreement, Ørsted will have access to one of Cadeler’s new-build A-Class vessels. These A-Class newbuilds are designed to transport up to six XXL monopile foundations per round trip. Additionally, they can be swiftly converted from foundation installation vessels to WTG (wind turbine generator) installation vessels. Similar to the P-Class newbuilds, the A-Class vessels can transport and install seven complete 15-megawatt turbine sets per load or five 20+ megawatt turbines. This efficiency reduces the number of trips required for each project, ultimately accelerating the installation speed.

Ørsted and Cadeler long-term agreement in short

  • The agreement ties up the October 12, 2022, announcement of the vessel reservation agreement based on the four-year utilization of Cadeler’s A Class vessel if all options are called.
  • The agreement spans from the beginning of 2027 to the end of 2030.
  • Cadeler’s innovative hybrid design A Class vessel will perform both XXL monopile foundation and 20+ MW wind turbine transportation and installation, unlocking further project versatility.

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