Welcome to our dedicated page for Cadeler news (Ticker: CDLR), a resource for investors and traders seeking the latest updates and insights on Cadeler stock.
The Cadeler A/S (CDLR) news page on Stock Titan aggregates company announcements, stock exchange releases, and regulatory disclosures related to its offshore wind activities. Cadeler describes itself as a pure play offshore wind installation, operations, and maintenance company, owning and operating what it calls the industry’s largest fleet of jack-up offshore wind installation vessels. News about Cadeler often centers on how this fleet is deployed across major offshore wind projects worldwide.
Investors and industry followers can use this page to track updates on new vessel deliveries, long-term contracts, and regional expansion. Recent communications highlight the delivery of next-generation wind turbine installation vessels such as Wind Maker, Wind Pace, Wind Ally, and Wind Mover, as well as the acquisition of the O&M-focused vessel Wind Keeper. These items are typically linked to specific projects in Europe, Asia-Pacific, and North America, including foundation and turbine transport and installation scopes and long-term service agreements.
Cadeler’s news flow also covers financial and strategic topics, such as interim and quarterly earnings releases, contract backlog developments, and new green loan facilities that support fleet growth and balance sheet strength. Announcements describe full-scope transport and installation contracts for turbines and foundations, new offices in locations like Norwich and Taipei, and the launch of the Nexra division to address growing operations and maintenance demand.
By following the CDLR news feed, readers can see how Cadeler’s fleet, contract pipeline, and financing evolve over time in the offshore wind sector. Bookmarking this page provides a single view of company-reported developments, from vessel milestones and project awards to financing arrangements and regulatory filings.
Cadeler (NYSE:CDLR), a global offshore wind installation leader, reported exceptional H1 2025 financial results with revenue tripling to EUR 299 million, up 265% year-over-year. EBITDA surged to EUR 213 million, with profit reaching EUR 168 million.
The company expanded its fleet with two new Wind Turbine Installation Vessels (WTIVs) and acquired Wind Keeper for O&M operations. Cadeler launched Nexra, a new aftermarket division for operations and maintenance solutions, strengthening its service portfolio. The company maintains a robust EUR 2.5 billion contract backlog and reaffirmed its full-year 2025 guidance with revenue expected between EUR 588-628 million and EBITDA between EUR 381-421 million.
Cadeler (NYSE:CDLR) has taken early delivery of its new vessel Wind Keeper and secured a significant long-term contract with Vestas. The contract includes a firm three-year period worth EUR 210 million, with additional options potentially increasing the value to over EUR 380 million if exercised.
The Wind Keeper, Cadeler's eighth vessel, will undergo upgrades before beginning operations in Q1 2026. The vessel will be equipped to handle Vestas V236-15.0 MW turbines and will serve dual purposes: operations and maintenance (O&M) and transport and installation (T&I) tasks. The vessel features a 2,200-tonne lifting capacity Huisman crane and 120-meter jack-up legs for deep-water operations.
Cadeler (NYSE: CDLR) has announced the acquisition of a newly-constructed jack-up wind turbine installation vessel (WTIV) named Boqiang 3060, to be renamed as Wind Keeper. The vessel, completed in 2024, features advanced European equipment including a Huisman main crane with 2,200t lifting capacity and 120-meter-long jack-up legs.
The acquisition, fully debt-financed through DNB Bank ASA, will be completed in Q3 2025 at a price significantly below the vessel's replacement cost. The Wind Keeper will undergo upgrades to support new installations in the 15 MW segment and align with Cadeler's existing fleet. This strategic expansion aims to meet growing global demand for offshore wind turbine operations & maintenance services.
Cadeler (CDLR) reported strong financial results for 2024, with revenue more than doubling to EUR 249 million from EUR 109 million in 2023. EBITDA reached EUR 126 million, up from EUR 42 million in 2023. The company achieved a record-high order backlog of EUR 2.5 billion.
Key operational highlights include fleet expansion with the delivery of Wind Peak vessel, successful crane upgrades on Wind Orca and Wind Osprey, and completion of several major projects including the installation of 60 turbines at Moray West in Scotland. The company maintained a 66% utilization rate despite scheduled maintenance.
For 2025, Cadeler projects revenue of EUR 485-525 million and EBITDA of EUR 278-318 million. The company secured significant contracts including projects with ScottishPower Renewables, Inch Cape Offshore, and Ørsted. Additionally, Cadeler raised EUR 152 million through a private placement in 2024.
Cadeler (NYSE: CDLR) has signed a Vessel Reservation Agreement with Ocean Winds for the installation of wind turbine generators at the BC-Wind offshore wind farm in the Polish Baltic Sea. The contract's potential value ranges between EUR 48-56 million. The project involves installing approximately 30 WTGs using one of Cadeler's O-class vessels, with completion scheduled for 2028.
The BC-Wind farm, located 23 km from the Polish coastline, will have a capacity of up to 500 MW. This agreement strengthens Cadeler's position in the Polish offshore wind market, adding to their existing projects including Bałtyk 2 and 3, Baltica 2, and Baltic Power. The Baltic Power project, involving 76 Vestas 15 MW turbines, is scheduled for completion in 2026.
Cadeler has secured two contracts for its newbuild wind installation vessel, Wind Mover, with a total estimated value of up to EUR 75 million. The contracts, signed with undisclosed clients, will commence immediately upon the vessel's delivery in Q4 2025 and cover operations and maintenance activities, along with potential installation work in Europe.
Wind Mover will be the second of two M-class wind installation vessels in Cadeler's newbuild portfolio, following its sister vessel Wind Maker's delivery in January 2025. These vessels are specifically designed to install next-generation offshore wind turbines. The combined agreement spans from Wind Mover's European arrival post-delivery until its next scheduled installation project.
Cadeler reported strong Q3 2024 results with revenue of EUR 81 million (vs EUR 23M in Q3 2023) and EBITDA of EUR 48 million (vs EUR 8M in Q3 2023). The company increased its 2024 guidance, now expecting revenue of EUR 243-253 million and EBITDA of EUR 115-125 million. Fleet utilization reached 86.5% in Q3.
The company welcomed the Wind Peak vessel, delivered on time and within budget. The order backlog stands at EUR 2.386 billion, including new contracts for Bałtyk 2 and 3 projects (EUR 120-144M) and East Anglia TWO project (EUR 360-382M). Total assets increased 46% to EUR 1.828 billion, with equity at EUR 1.132 billion.