Cadeler A/S (NYSE:CDLR) reported that its first-quarter 2026 performance was in line with internal expectations, as management highlighted a larger operating fleet, a EUR 2.7 billion backlog and continued progress on key offshore wind installation projects.
Chief Executive Officer Mikkel Gleerup sa
Cadeler completes installation of the first fully commissioned monopile foundation at Ørsted’s Hornsea 3 offshore wind farm in the UK, marking a major milestone in the execution of one of the world’s largest offshore wind developments.
Cadeler today announced the completion of a private placement raising approximately EUR 175 million, at a price above the Company’s 5-day VWAP, to fund initial capital commitments for two proposed T-class Wind Foundation Installation Vessel newbuilds and the potential acquisition and conversion of a scour protection vessel. Importantly, Cadeler’s fleet expansion is structured to preserve a clear path to capital returns.
Today, Cadeler (Cadeler A/S and, together with its subsidiaries, the "Group") has published its Annual Report for 2025, reporting strong financial and operational performance for a year in which it took delivery of five vessels, doubling its operational fleet capacity. Cadeler maintained high utilisation while sharpening its strategic focus on operations and maintenance through the establishment of Nexra, its new service platform for the offshore wind industry.
Nexra, Cadeler’s dedicated service platform, today confirms the signing of an additional firm contract for an Operations & Maintenance (O&M) campaign to be executed and completed during 2026.
Nexra, Cadeler’s dedicated service concept, today announces the signing of a firm contract for the execution of an Operations & Maintenance (O&M) campaign in Taiwan, further demonstrating Cadeler’s strength within the expanding offshore wind aftermarket.
Cadeler today announces that it has signed a preferred supplier agreement (PSA) with an undisclosed client for the transportation and installation (T&I) of monopiles and transition pieces at a large offshore wind farm located in European waters.
Cadeler A/S (“Cadeler”) today announces that it has further strengthened its financial position with the addition of a second unsecured green corporate term loan facility (the “Green Corporate Loan Facility”), in the aggregate amount of EUR 60 million with a non-committed accordion option of up to EUR 80 million.
Cadeler today announces the successful delivery of Wind Mover, the tenth vessel to join the company’s growing fleet of next-generation wind turbine installation vessels (WTIVs). The vessel is delivered ahead of schedule and will, following her mobilisation, head directly into operations in Europe.
Cadeler today announces the signing of two firm contracts covering the full-scope transportation and installation of offshore wind turbines and their foundations for an upcoming offshore wind farm development with a combined value projected to be approximately EUR 500 million.
Cadeler, a key partner in offshore wind installation and services, has officially opened its new UK office in Norwich, marking another step in the company’s continued growth and reinforcing its presence in the UK offshore wind market.
Wind Ally becomes the ninth vessel on the water in Cadeler’s growing fleet of next-generation wind installation vessels (WIV). After her scheduled mobilisation, she will head directly into operations installing foundations at Ørsted’s Hornsea 3 offshore wind farm in the North Sea. For the first time, Cadeler will take on the entire transport and installation (T&I) scope for offshore monopile foundations – a strategic step that positions the company as a full-service provider in the foundations market.
Cadeler has signed a firm contract with Ocean Winds for the transportation and installation of 26 Siemens Gamesa 14MW offshore wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea.
Cadeler – a leading global partner in offshore wind transportation and installation – today celebrates the relocation of its Taipei-based team to new, expanded offices in Xinyi, Taipei, underscoring the company’s focus on strengthening client collaboration and long-term growth in the Asia-Pacific region.
Today, Cadeler A/S (“Cadeler” and, together with its subsidiaries, the “Group”) has published its interim financial results for the first half of 2025, reporting results above expectations and in line with its recently increased full-year revenue and EBITDA guidance. The first half of the year was characterised by fleet growth, disciplined project execution, and a sharpened strategic focus on Operations & Maintenance (O&M), as well as significant compensation in connection with the termination of a long-term agreement.
