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Cadeler A/S Sponsored ADR ( (CDLR) ) has provided an announcement.
Cadeler A/S has announced the signing of a Vessel Reservation Agreement with Ocean Winds for the installation of wind turbine generators at the BC-Wind offshore wind farm in the Polish Baltic Sea. The contract, estimated to be valued between EUR 48 million and EUR 56 million, signifies Cadeler’s expanding role in the Polish offshore wind market, with project completion expected in 2028. This development builds on Cadeler’s recent partnerships and projects in Poland, reinforcing its strong market presence. Cadeler continues to capitalize on Poland’s growing offshore wind sector, having secured multiple deals with major energy firms over the past few years, further cementing its position as a leader in offshore wind installations.
More about Cadeler A/S Sponsored ADR
Cadeler is a global leader in offshore wind installation, operations, and maintenance services. It focuses solely on the offshore wind industry, emphasizing safety and the environment. Cadeler operates the largest fleet of jack-up offshore wind installation vessels and has been a key player in the development of offshore wind energy, contributing to the global energy transition towards renewable energy.
YTD Price Performance: -7.97%
Average Trading Volume: 40,593
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.88B
See more insights into CDLR stock on TipRanks’ Stock Analysis page.
