Cadeler ink $200M deal for Asia-Pacific offshore wind projects

Grafa
09-30

Full story: https://grafa.com/news/energy-cadeler-ink--200m-deal-for-asia-pacific-offshore-wind-projects-280400

Cadeler (NYSE:CDLR) has announced the signing of a Vessel Reservation Agreement (VRA) for offshore wind projects in the Asia-Pacific region.

The agreement, valued at approximately 200 million EUR, underscores Cadeler’s strategic expansion in the rapidly growing Asia-Pacific market.

According to the company, the pipeline of projects will meet the energy needs of roughly 1,360,000 households upon completion.

"The Asia-Pacific market has significant growth potential and is of great interest to Cadeler," stated Mikkel Gleerup, CEO of Cadeler.

"Expanding our presence in that market with this VRA aligns with our global business strategy. With our first state-of-the-art newbuild received, and six additional newbuilds being delivered over the coming years, we will be able to handle the largest and most complex next-generation offshore wind installation projects," Gleerup added.

Following the announcement, Cadeler's share price remained steady at $27.48 during premarket trading. 

 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment