Cadeler Secures EUR 114-130M Wind Turbine Installation Contract
Ticker: CDLR · Form: 6-K · Filed: Jun 24, 2024 · CIK: 1978867
| Field | Detail |
|---|---|
| Company | Cadeler A/S (CDLR) |
| Form Type | 6-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: contract-win, offshore-wind, renewable-energy
TL;DR
Cadeler lands big offshore wind contract for 72 turbines, worth up to €130M!
AI Summary
Cadeler A/S announced on June 24, 2024, that it has signed a firm contract with Inch Cape Offshore Limited for the installation of 72 Vestas 15MW wind turbines at the Inch Cape Offshore Wind Farm. The contract value is estimated to be between EUR 114 million and EUR 130 million, with installation scheduled to begin.
Why It Matters
This contract signifies Cadeler's role in a significant offshore wind project, contributing to renewable energy infrastructure and demonstrating the demand for their specialized installation vessels.
Risk Assessment
Risk Level: low — The filing is a routine press release announcing a secured contract, with no immediate negative financial or operational implications.
Key Numbers
- 72 — Wind Turbines (Number of turbines to be installed)
- 15MW — Turbine Capacity (Capacity of each Vestas turbine)
- EUR 114-130 million — Contract Value (Projected revenue for Cadeler)
Key Players & Entities
- Cadeler A/S (company) — Announcing company
- Inch Cape Offshore Limited (company) — Client company
- Vestas (company) — Turbine manufacturer
- EUR 114 - 130 million (dollar_amount) — Contract value range
- June 24, 2024 (date) — Announcement date
FAQ
What is the projected start date for the installation work?
The filing states that installation is due to commence, but does not provide a specific start date.
Which of Cadeler's vessels will be used for this contract?
The filing mentions the use of one of Cadeler's 'state-of-the-art newbuild M-class wind turbine installation vessels'.
What is the total capacity of the turbines to be installed?
The total capacity would be 72 turbines * 15MW/turbine = 1080 MW, though this specific total is not explicitly stated in the filing.
Is the contract value fixed or an estimate?
The filing states the contract value is 'projected to fall within the range of EUR 114 - 130 million', indicating it is an estimate.
Where is the Inch Cape Offshore Wind Farm located?
The filing does not specify the geographical location of the Inch Cape Offshore Wind Farm.
Filing Stats: 551 words · 2 min read · ~2 pages · Grade level 13.7 · Accepted 2024-06-24 06:35:02
Filing Documents
- tm2418078d1_6k.htm (6-K) — 13KB
- 0001104659-24-074101.txt ( ) — 14KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: June 24, 2024 CADELER A/S (Registrant) By: /s/ Mikkel Gleerup Name: Mikkel Gleerup Title: Chief Executive Officer 3