Copenhagen, 10 November 2025 - Cadeler today announces the signing of two firm
contracts covering the full-scope transportation and installation of offshore
wind turbines and their foundations for an upcoming offshore wind farm
development with a combined value projected to be approximately EUR 500 million.


The foundations transportation and installation (T&I) campaign is set to
commence in early 2029 and to be executed using one of Cadeler's newbuild
A-class vessels. This contract, the third full-scope foundation T&I campaign for
Cadeler, once again reaffirms the company's position as a full-service provider
in the foundation T&I space. 
 
The turbine installation scope is scheduled to begin in early 2030 and will be
carried out by one of Cadeler's O-class jack-up vessels, with completion
expected by late 2030.

The contracts are subject to the client's investment decision in the project.
Should the client be unsuccessful the agreements may be terminated subject to a
termination fee.

Mikkel Gleerup, CEO of Cadeler, comments: "This project reinforces Cadeler's
position as a full-service T&I partner in the foundations space and demonstrates
that our strategic direction is aligned with current market demands. With our
fleet of nine wind installation vessels - and three additional under
construction - Cadeler continues to deliver the flexibility, efficiency, and
innovative solutions required to execute increasingly complex projects and to
support the necessary build-out of offshore wind globally." 

***

For further information, please contact:  
 
Cadeler Press Office
+45 2830 6905
press@cadeler.com

Mikkel Gleerup 
CEO, Cadeler 
+45 3246 3102 
mikkel.gleerup@cadeler.com  
 
Alexander Simmonds 
EVP & CLO, Cadeler 
+44 7376 174172 
alexander.simmonds@cadeler.com 

About Cadeler: 

Cadeler is a global leader in offshore wind installation, operations, and
maintenance services. Cadeler is a pure play company, operating solely in the
offshore wind industry with an uncompromising focus on safety and the
environment. Cadeler owns and operates the industry's largest fleet of jack-up
offshore wind installation vessels and has for more than a decade been a key
supplier in the development of offshore wind energy to power millions of
households. Cadeler's fleet, expertise and capacity to handle the largest and
most complex next-generation offshore wind installation projects positions the
company to deliver exceptional services to the industry. Cadeler is committed to
being at the forefront of sustainable wind farm installation and to enabling the
global energy transition towards a future built on renewable energy. Cadeler is
listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange
(ticker: CADLR). For more information, please visit www.cadeler.com