On Thursday, Cadeler (NYSE:CDLR) announced its acquisition of the Boqiang 3060, which is a newly constructed jack-up wind turbine installation vessel/WTIV from Shanghai Boqiang Heavy Industry Group Co. Ltd. This expansion aims to meet the global demand for offshore wind turbine O&M services.
The vessel, to be renamed Wind Keeper, symbolizes its role in ensuring the upkeep of green energy generation. Completed in 2024, it is equipped with advanced European technology, which includes a Huisman main crane with a 2,200 t lifting capacity, Kongsberg’s DP2 dynamic positioning system, MAN-supplied engines, and a Siemens propulsion system. Its 120-meter-long jack-up legs make it uniquely suited for challenging offshore sites.
Cadeler (NYSE:CDLR) anticipates taking delivery of the Wind Keeper in FQ3 2025. The purchase price is below the vessel’s estimated replacement cost. Cadeler plans to invest in upgrades to enhance its operational capacity and align it with its existing fleet. After these upgrades, the vessel will be capable of supporting new installations in the 15 MW segment. The total investment cost for these upgrades will be communicated later. The company is currently assessing the positive impact of the Wind Keeper’s delivery on its 2025 revenue and EBITDA guidance.
Cadeler engages in offshore wind farm installation, operations, and maintenance services in Denmark.
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Disclosure: None. This article is originally published at Insider Monkey.
