Cadeler signs EUR 805 million contract with COSCO Shipping Offshore for two T-class offshore wind installation vessels

Type: Supply Agreement · Technology: Offshore Wind · Country: China · Value: $930M · Announced: 2026-08-10

Cadeler signed a firm contract with COSCO Shipping Offshore shipyard in Qidong, China, for the construction of two new T-class offshore wind installation vessels, valued at approximately EUR 805 million ($930 million). The vessels are scheduled for delivery in 2030 and 2031 and are designed to be the largest and most capable in the offshore wind installation market, capable of handling increasingly complex projects with greater efficiency and versatility. Earlier in 2026, Cadeler secured equity financing for this investment as part of its long-term strategy to become the preferred offshore wind installation partner. COSCO Shipping Offshore has previously constructed several vessels for Cadeler's newbuild program, reinforcing a long-standing supplier-developer relationship. The company is already in discussions with key clients for the deployment of the new vessels, indicating strong market demand for advanced offshore wind installation capabilities.

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