Cadeler signs firm contracts with Equinor and Polenergia

Wind Energy – Baltic Sea

Cadeler has signed firm contracts with the offshore wind farms Bałtyk 2 and Bałtyk 3, both being joint venture projects owned 50% by Equinor and 50% by Polenergia.

The total potential value of these contracts to Cadeler is expected to be in the range of EUR 120-144 million, with operations scheduled to begin in 2027. 

The projects will involve the installation of a total of 100 offshore wind turbine generators (WTGs) in the Polish Baltic Sea.  

Cadeler plans to deploy both 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 setup, 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 installation of WTGs is set to begin in 2027.

Original Source: https://ocean-energyresources.com/2024/10/01/cadeler-signs-firm-contracts-with-equinor-and-polenergia/