Cadeler A/S (NYSE:CDLR) reported sharply higher second-quarter and first-half results, citing increased fleet activity, higher utilization and the addition of vessels to its operating fleet. The offshore wind installation contractor maintained its 2026 standalone outlook while highlighting the July
Today, Cadeler published its interim financial results for the first half of 2026 reporting strong financial performance, with both revenue and EBITDA more than doubling compared to Cadeler’s results for the first half of 2025 (when adjusting for one-off termination fees in the comparative period). The results demonstrate that Cadeler’s fleet strategy is delivering as intended, positioning the company to support customers through the next phase of offshore wind development.
Cadeler has completed the final turbine installation at the 960 MW He Dreiht Offshore Wind Farm in the German North Sea. The final turbines were installed by Wind Keeper, under its long-term contract with Vestas.
Cadeler A/S (or “Cadeler”), a leading offshore wind installation contractor and operator of the industry’s largest fleet of jack-up wind installation vessels, today announces its strategic acquisition of Menck, a leading global provider of specialist equipment and technology solutions for offshore foundation installation. The acquisition strengthens Cadeler’s offshore wind installation capabilities and furthers the company’s ambition to be the preferred installation partner for the offshore wind industry. Cadeler intends to continue operating Menck as a standalone business, preserving its independent market position while strengthening its role as a key supply chain provider across the offshore wind industry.
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.
Cadeler today announces the successful delivery, within budget and on schedule, of Wind Ace, the company's eleventh wind installation vessel and second of three A-class newbuilds. Cadeler’s A-class vessels are industry leading in flexibility and scope, capable of conversion from the installation of XXL foundations to the installation of wind turbine generators within a short period of time.
Cadeler has signed an EIFO-backed senior secured green term loan facility of EUR 247 million to finance in part the construction of its third A-class newbuild offshore wind installation vessel, Wind Apex, with delivery expected in Q2 2027.
Cadeler A/S (NYSE:CDLR) reported that its first-quarter 2026 performance was in line with internal expectations, as management highlighted a larger operating fleet, a EUR 2.7 billion backlog and continued progress on key offshore wind installation projects.
Chief Executive Officer Mikkel Gleerup sa
Cadeler completes installation of the first fully commissioned monopile foundation at Ørsted’s Hornsea 3 offshore wind farm in the UK, marking a major milestone in the execution of one of the world’s largest offshore wind developments.
Cadeler today announced the completion of a private placement raising approximately EUR 175 million, at a price above the Company’s 5-day VWAP, to fund initial capital commitments for two proposed T-class Wind Foundation Installation Vessel newbuilds and the potential acquisition and conversion of a scour protection vessel. Importantly, Cadeler’s fleet expansion is structured to preserve a clear path to capital returns.
Today, Cadeler (Cadeler A/S and, together with its subsidiaries, the "Group") has published its Annual Report for 2025, reporting strong financial and operational performance for a year in which it took delivery of five vessels, doubling its operational fleet capacity. Cadeler maintained high utilisation while sharpening its strategic focus on operations and maintenance through the establishment of Nexra, its new service platform for the offshore wind industry.
Nexra, Cadeler’s dedicated service platform, today confirms the signing of an additional firm contract for an Operations & Maintenance (O&M) campaign to be executed and completed during 2026.
Nexra, Cadeler’s dedicated service concept, today announces the signing of a firm contract for the execution of an Operations & Maintenance (O&M) campaign in Taiwan, further demonstrating Cadeler’s strength within the expanding offshore wind aftermarket.
Cadeler today announces that it has signed a preferred supplier agreement (PSA) with an undisclosed client for the transportation and installation (T&I) of monopiles and transition pieces at a large offshore wind farm located in European waters.
Cadeler A/S (“Cadeler”) today announces that it has further strengthened its financial position with the addition of a second unsecured green corporate term loan facility (the “Green Corporate Loan Facility”), in the aggregate amount of EUR 60 million with a non-committed accordion option of up to EUR 80 million.
Cadeler today announces the successful delivery of Wind Mover, the tenth vessel to join the company’s growing fleet of next-generation wind turbine installation vessels (WTIVs). The vessel is delivered ahead of schedule and will, following her mobilisation, head directly into operations in Europe.
