Welcome to our dedicated page for Cadeler A/S news (Ticker: CDLR), a resource for investors and traders seeking the latest updates and insights on Cadeler A/S stock.
Cadeler A/S operates as an offshore wind installation vessel contractor, with CDLR American depositary shares each representing four ordinary shares. The company owns and operates jack-up offshore wind installation vessels used for wind turbine generator installation, foundation transportation and installation, maintenance, decommissioning and related offshore construction work.
Recurring company developments include vessel deliveries, fleet utilization, annual and interim earnings, contract awards for transportation and installation work, O&M campaigns through Nexra, financing facilities, private placements, and capital allocation. Cadeler’s updates also cover project activity across offshore wind markets in Europe, Asia-Pacific and the United States.
Cadeler (NYSE: CDLR) reported strong H1 2026 results, with revenue more than doubling to EUR 408 million from EUR 188 million and EBITDA more than doubling to EUR 208 million from EUR 102 million, both adjusted for EUR 111 million one-off termination fees in H1 2025. Profit increased 54% year-on-year to EUR 88 million, mainly driven by fleet expansion and more contracted days, while fleet utilisation across ten vessels was stable at 66%.
Cadeler maintained its full-year 2026 guidance of EUR 854–944 million revenue and EUR 420–510 million EBITDA, noting that the 11 August 2026 acquisition of Menck is expected to affect guidance, with an update to follow. During H1, the company executed multiple offshore wind installation projects, commenced its first full-scope monopile foundation transportation and installation campaign at Ørsted’s Hornsea 3, and raised about EUR 175 million via a private placement to fund two T-class newbuilds. As of 25 August 2026, Cadeler reported an order backlog of nearly EUR 2.5 billion and took delivery, after the period, of its eleventh vessel, Wind Ace.
Cadeler (NYSE: CDLR) has completed installation of the final turbine at the 960 MW He Dreiht Offshore Wind Farm in the German North Sea. The campaign was executed under Cadeler’s long-term contract with Vestas using the Wind Orca and Wind Keeper offshore installation vessels.
He Dreiht, developed by EnBW, comprises 64 Vestas V236-15.0 MW turbines and represents the first commercial-scale installation of this flagship model. The project is also Wind Keeper’s first installation campaign since joining Cadeler’s fleet following acquisition and upgrade. According to Cadeler, Wind Keeper, equipped with a 2,200-tonne main crane, will support installation and O&M activities via its Nexra service platform.
Cadeler (ticker: CDLR) announced the acquisition of Menck, a global provider of specialist offshore foundation installation equipment and technology, in a transaction based on an agreed enterprise value of EUR 501 million. Signing and closing occurred simultaneously after receipt of all mandatory regulatory approvals.
According to Cadeler, Menck will continue to operate as a standalone business, maintaining its independent market position and serving a broad customer base across offshore wind, including other installation contractors. The deal aims to enhance Cadeler’s offshore foundation transportation and installation capabilities by combining Menck’s hydraulic impact hammers, noise mitigation, drilling, grouting and lifting tools, plus decades of engineering experience and extensive pile-driving data, with Cadeler’s heavy-lift installation fleet and customer relationships.
Cadeler is acquiring Menck from Acteon and financing the purchase through available liquidity and a EUR 380 million acquisition facility provided by DNB Bank and Rabobank, which is expected to be refinanced with long-term funding and operating cash flow.
Cadeler (NYSE: CDLR) has signed firm contracts with COSCO Shipping Offshore shipyard in Qidong, China, to construct two new T-class offshore wind installation vessels, scheduled for delivery in 2030 and 2031. The aggregate contract price is about EUR 805 million, with equity financing already secured earlier in 2026. According to Cadeler, the T-class vessels are engineered to be the largest and most capable in the market, supporting its long-term fleet expansion strategy and strengthening its position as a global offshore wind installation partner.
Cadeler (NYSE:CDLR) has taken delivery of Wind Ace, its eleventh offshore wind installation vessel and second of three A-class newbuilds, from COSCO Shipping Offshore in Qidong, China. The vessel was completed on schedule, within budget, and achieved over 3.5 million working hours without lost time accidents during construction.
Wind Ace’s hybrid A-class design enables both XXL monopile foundation and next‑generation wind turbine generator installation. Following mobilisation, it will be deployed under firm contracts at ScottishPower Renewables’ 960 MW East Anglia TWO offshore wind farm, transporting and installing all 64 turbines and foundations. Cadeler now operates a fleet of eleven installation vessels, with a third A-class vessel, Wind Apex, scheduled for delivery in the first half of 2027.
Cadeler (NYSE: CDLR) has signed an EIFO-backed senior secured green term loan facility of EUR 247 million to partly finance construction of its third A-class offshore wind installation vessel, Wind Apex, scheduled for delivery in Q2 2027. The 12-year loan is classified as green financing under Cadeler's Green Finance Framework and is supported by the Export and Investment Fund of Denmark, with HSBC Singapore coordinating a syndicate including HSBC, KfW IPEX-Bank, Rabobank and DNB Bank.
Cadeler (NYSE:CDLR) has completed installation of all 100 Siemens Gamesa SG 14-222 turbines at the 1.4 GW Sofia Offshore Wind Farm in the UK North Sea for RWE. The project used Cadeler’s new P-class vessel Wind Peak, its first installation campaign.
When fully operational, Sofia is expected to supply annual electricity needs for almost 1.2 million UK homes.
Cadeler (CDLR) reported strong Q1 2026 results with revenue of EUR 125 million, up from EUR 65 million in Q1 2025, and EBITDA rising to EUR 47 million from EUR 24 million. Fleet utilisation was 47.6% across ten vessels, down from 55.3%.
Cadeler maintained its 2026 guidance for revenue of EUR 854–944 million and EBITDA of EUR 420–510 million. The company completed a EUR 175 million private placement to help finance two new T-class vessels and a scour protection vessel, and ended the quarter with an order backlog of EUR 2,705 million.
Cadeler (NYSE:CDLR) has installed the first fully commissioned monopile foundation at Ørsted’s Hornsea 3 offshore wind farm in the UK, a key milestone in one of the world’s largest offshore wind projects.
This is the first of 197 monopile foundations in Cadeler’s full transport and installation scope. Hornsea 3 is expected to reach 2.9 GW capacity, enough to power over 3.3 million UK homes with renewable energy.
The foundation was installed using Cadeler vessels Wind Ally and Wind Orca, with commissioning support from ESVAGT FROUDE and Boston Energy. The project is Cadeler’s first complete T&I scope for offshore monopile foundations and involves deploying three of its specialist installation vessels.
Cadeler (CDLR) completed a private placement of approximately EUR 175 million to fund initial capital commitments for two proposed T-class wind foundation installation vessel newbuilds and a potential scour protection vessel acquisition and conversion.
Payment profiles are expected to be back-loaded with 65% debt financing, limited near-term cash outflows, and no additional equity expected; Cadeler says fleet additions should preserve dividend capacity and shareholder returns while improving T&I competitiveness.