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