CADLR: Cadeler strengthens future installation capacity with firm orders for two new T-class vessels

Copenhagen, 10 August 2026 - Cadeler today announces that it has signed firm
contracts with COSCO Shipping Offshore shipyard in Qidong, China, for the
construction of two new T-class offshore wind installation vessels, scheduled
for delivery in 2030 and 2031.  

Earlier this year, Cadeler secured the equity financing for this investment as
part of its long-term strategy to become the preferred offshore wind
installation partner and to support the continued growth of the offshore wind
industry. The new T-class series vessels have been engineered to be the largest
and most capable vessels ever introduced to this market, incorporating
breakthrough technologies and operational capabilities that extend well beyond
current industry standards. Designed to tackle increasingly complex projects
with greater efficiency, versatility and performance, they are expected to open
access to new opportunities while reinforcing Cadeler's long-term competitive
advantage and commitment to innovation.  

The contract builds on Cadeler's established collaboration with COSCO Shipping
Offshore shipyard, which has already constructed several vessels as part of
Cadeler's newbuild programme. The agreement was secured on competitive
commercial terms and reinforces the strong relationship between the two
companies. The contract price for the two T-class vessels is approximately EUR
805 million in aggregate.  

Mikkel Gleerup, CEO of Cadeler, comments: "As offshore wind projects become
larger and more technically demanding, developers need installation partners
with the experience, specialised capabilities and modern fleet to deliver them
safely and reliably. Our investment in the T-class reflects our commitment to
staying ahead of future customer requirements, delivering best-in-class
technical solutions and raising the bar for excellence in offshore wind
installation. 
 
We are pleased to continue our collaboration with COSCO Shipping Offshore
shipyard, with whom we have built a strong and trusted working relationship over
several years. Their understanding of our requirements and commitment to quality
have made them a valued partner as we continue expanding our fleet." 

The T-class vessels form part of Cadeler's long-term fleet expansion strategy
and reflect Cadeler's continued investment in the capabilities required to
support the accelerating build-out of offshore wind across key markets. Cadeler
is already in discussions with key clients for the deployment of the T-class
vessels.

***

For further information, please contact:  

Cadeler Press Office:
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 A/S (Cadeler) is a pure-play offshore wind installation partner and a
global leader in offshore wind turbine transport and installation. The company
owns and operates the industry's largest fleet of jack-up offshore wind
installation vessels and is expanding its capabilities into full-scope
foundation transport and installation, as well as operations & maintenance. With
its modern fleet and depth of expertise across onshore and offshore operations,
Cadeler supports the safe, efficient and reliable delivery of offshore wind
projects worldwide. 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.
e Oslo Stock Exchange (ticker: CADLR). For more information\, please\
visit www.cadeler.com.\