Cadeler A-S Secures Major Contracts and Expands Fleet with Wind Keeper Acquisition

Cadeler A-S, a Danish company listed on the Oslo Bors ASA, has recently made significant strides in the offshore wind sector. The company has taken delivery of the newly acquired vessel, Wind Keeper, ahead of schedule. This acquisition marks a pivotal expansion of Cadeler’s fleet, positioning the company to capitalize on growing opportunities in the offshore wind industry.

The Wind Keeper, a newly constructed jack-up vessel, has secured a long-term firm contract with Vestas, one of the leading wind turbine manufacturers. This contract, valued at €120 million, will commence early in 2026 and spans three years. The agreement underscores Cadeler’s strategic move to strengthen its service offerings in the offshore wind installation and operations and maintenance (O&M) sectors.

In addition to the Vestas contract, Cadeler has also secured the first three years of utilization of the Wind Keeper through a long-term fixed contract. This deal was announced by multiple sources, including Windkraft-Journal and Finanznachrichten, highlighting the vessel’s immediate integration into Cadeler’s operational framework.

The acquisition of Wind Keeper is part of Cadeler’s broader strategy to enhance its capabilities and service offerings in the offshore wind market. The vessel’s addition to the fleet is expected to bolster Cadeler’s competitive edge, enabling the company to meet the increasing demand for offshore wind installations and maintenance services.

Financially, Cadeler A-S has shown resilience, with a market capitalization of 11.85 billion NOK. Despite recent fluctuations, the company’s stock closed at 53.2 NOK on July 17, 2025, reflecting investor confidence in its strategic initiatives. The company’s price-to-earnings ratio stands at 15.82, indicating a balanced valuation in light of its recent developments.

Overall, Cadeler’s strategic acquisitions and contracts position it well for future growth in the offshore wind sector, aligning with global trends towards renewable energy solutions.