Copenhagen, March 27, 2024: The contract entails Cadeler's wind farm
installation vessel Wind Scylla and has a value between USD 75 million and USD
150 million, including both the firm period and potential options. Signing of
the contract reinforces Cadeler's position as a key player in the renewable
offshore wind energy sector and captures synergies by aiming to lower
project-related costs.
 
Mikkel Gleerup, CEO of Cadeler, says, "This contract showcases Cadeler's
commitment to providing fleet flexibility to our trusted clients, optimizing the
chances of project success and completion within time and budget. With our
growing fleet of state-of-the-art wind farm installation vessels, Cadeler offers
installation solutions to take on the most challenging and complex projects in
offshore wind energy."
 
The installation work is set to commence in 2025. During the project duration,
spanning between 300 and 550 days, the client will utilize Cadeler's unique team
and fleet expertise to complete the work.

About Cadeler:
Cadeler is a key supplier of offshore wind installation, operations, and
maintenance services. Cadeler is a pure play company, solely operating in the
offshore wind industry with an uncompromising focus on safety and the
environment. Cadeler's experience as provider of high-quality offshore wind
support services, combined with innovative vessel designs, positions the company
to deliver exceptional services to the industry. Cadeler is committed to
enabling the global energy transition towards a future built on renewable
energy. Cadeler is listed on the Oslo Stock Exchange (ticker: CADLR) and the New
York Stock Exchange (ticker: CDLR). For more information, please visit
www.cadeler.com 

For further information, please contact:
Mikkel Gleerup
CEO, Cadeler
+45 3246 3102
mikkel.gleerup@cadeler.com

Karen Roiy 
Vice President - Head of Marketing & Communication
+45 6020 8706
karen.roiy@cadeler.com