Copenhagen-headquartered offshore wind installation player Cadeler has signed a vessel reservation agreement with the developer of the BC-Wind project Ocean Winds.
The contract is for installing and transporting around 30 wind turbine generators at the BC-Wind offshore wind farm in the Polish Baltic Sea.
The potential value of the contract to be negotiated during the pendency of the reservation agreement is estimated to be between €48m and €56m ($49.8m and $56.1m). Cadeler will deploy one of its O-class vessels, with the project scheduled to be completed in 2028.
The two companies have worked together previously, most recently on the Moray West offshore wind farm off the coast of Scotland, but this will be the first time that they have entered into a direct contractual relationship.
BC-Wind is an offshore wind farm with a capacity of up to 500MW. It is located some 23 km from the Polish coastline.
Cadeler already has a track record when it comes to the Polish offshore wind market. It previously won deals for work on Equinor and Polenergia’s Bałtyk 2 and Bałtyk 3 projects and is set to begin work in 2027.
The company also won work on Ørsted and PGE’s Baltica 2 project which is set to be completed by the end of 2027. This year it will start work on the 1.2GW Baltic Power offshore wind farm. It is expected to be completed in 2026.
Earlier this week, the Danish firm signed two contracts with undisclosed clients for its newbuild wind installation vessel Wind Mover. The deal, worth over $75m, will start immediately upon delivery.
