Cadeler A/S Sponsored ADR (CDLR) has released an update.
Cadeler A/S, a leading supplier in offshore wind installation services, has just inked a landmark deal with an undisclosed client that could see the company undertaking its largest project ever, valued between EUR 400-700 million. The agreement, which extends over four years and involves the use of Cadeler’s cutting-edge fleet including a new A Class vessel, is pivotal for the offshore wind energy sector, highlighting Cadeler’s commitment to the global energy transition. The deal’s finalization is dependent on the client’s success in a 2024 auction.
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