Offshore installation for the wind farm project is expected to begin in 2026. It will be the first time Cadeler will make use of its F-class vessel which, by the time of the execution, will be the latest addition to the fleet. The F-class vessel is specifically built to excel in the transportation and installation of foundations and will be a perfect fit for this project.
In early May, Cadeler and Ørsted announced they had been working closely together to conclude this agreement for use of the F-Class vessel on the Hornsea 3 project. The contract contains a further mutual commitment to develop the vessel hire agreement into a transportation and installation contract for the entire foundation scope, widening Cadeler’s involvement in the project. The agreement is subject to Ørsted taking a positive final investment decision on Hornsea 3.
Cadeler has been actively involved in the building of wind turbines in connection with the Hornsea 2 project, and this third phase of the massive-scale wind farm Hornsea zone will therefore be a natural continuation of the work done by Cadeler in the past.
“The decision of initiating and later successfully completing a private placement for our F-class vessel was based on an increased market demand for assets specializing in the complexity of installing a new generation of XL foundations,” Cadeler CEO Mikkel Gleerup said.
The wind farm will be located in the North Sea about 121 km off the Norfolk coast and 160 km off the Yorkshire coast, spreading across an area of 696 sq km. Once the project is completed, the offshore wind turbines will be able to generate up to 2.852 GW of energy, enough to meet the average daily needs of more than 3 million UK homes.