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Cadeler signs contract for Hornsea 3 foundations

By: James Bernthal-Hooker 01/08/2022 Cadeler

General Vessels Windfarms

Foundations at Ørsted’s Hornsea 3 will be installed by Cadeler A/S. The companies have signed an agreement for work on the project, off the UK’s east coast.

The wind farm will be located 121 km from Norfolk and 160 km from Yorkshire, in the North Sea. Offshore installation is expected to begin in 2026.

This will mark Cadeler’s first use of its F-class vessel. When it is time to use it, the vessel, which is being built specifically for foundation transportation and installation, will be the company’s latest addition to the fleet.

“The decision of initiating and later successfully completing a private placement for our F-class vessel was based on an increased market demand for assets specialising in the complexity of installing the new generation of XL foundations. We have proved time and again that we possess the know-how and the equipment needed to be successful in this specialised realm, which requires a high level of expertise. It is therefore a great opportunity for us to continue executing projects in the North Sea, but this time focusing on foundation installations in a wider offering, while building further on the strong partnership we already have with Ørsted,” said Mikkel Gleerup, CEO of Cadeler.

Ørsted and Cadeler have worked together closely to conclude this agreement. The contract includes a further mutual commitment to develop the vessel hire agreement into a transportation and installation (T&I) contract for the entire foundation scope.

The agreement is subject to Ørsted making its final investment decision on the Hornsea 3 project.

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Cadeler signs contract for Hornsea 3 foundations

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