Cadeler has partnered with Cosco Shipping Heavy Industry for the construction of two wind turbine installation vessels.
Oslo, Norway-listed Cadeler has signed a newbuild contract with Cosco Shipping Heavy Industry for the construction of two new X-class wind turbine installation vessels.
Cadeler said the vessels are worth US$325.5 million each, up from a previously estimated $300 million, due to design improvements and a surge in raw material prices and changes in exchange rates.
The first X-class vessel will be delivered by Q3 2024 and has already been contracted by Siemens Gamesa to transport and install one hundred 14 MW wind turbines at the Sofia offshore wind farm in the North Sea.
The second X-class vessel is planned to be fully ready and operational in Q1 2025.
The new X-class wind turbine installation vessels will, per load, be able to transport and install seven complete 15 MW turbine sets or five sets of 20-plus MW turbines.