Cadeler secures multi-million vessel deal for East Anglia Hub offshore project

Cadeler A/S has signed a Vessel Reservation Agreement with Iberdrola subsidiary ScottishPower Renewables, covering the transportation and installation of 95 wind turbines for the 1.4GW East Anglia Three wind farm, located in the North Sea off the UK's east coast. 

The turbines for the project - which recently secured a power deal under the UK's fourth contracts for difference tender – will be installed in 2026.

Preferred Bidder Agreements were also signed for the 800MW East Anglia One North and 900MW East Anglia Two projects, it said. These two wind farms finally received development consent in April. Collectively known as the East Anglia Hub, the three projects will total 3.1 GW. Cadeler says the value of the agreements for the projects ranges from €90 million to €225 million.

Cadeler will deploy one of its O-class vessels featuring its new crane, as well as one of its two new-build X-class vessels. The company is currently in the process of building two new X-class vessels and aims to have the first one ready for operation by the second half of 2024.