Cadeler Takes Delivery of Wind Ace, Second A-Class Vessel, on Schedule and Within Budget
CDLR sits 51% above its 52-week low of $15.37.
Summary
Cadeler took delivery of Wind Ace, its second A-class wind installation vessel, on schedule and within budget. The vessel will mobilize for the East Anglia TWO offshore wind farm, with offshore works starting in 2027.
Key Events · Product Development and Regulatory · CDLR
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Wind Ace Delivered On Schedule
After two years of construction at COSCO Shipping Offshore in China, Cadeler took delivery of Wind Ace, its second A-class vessel, on schedule and within budget.
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Fleet Expands to Eleven Vessels
This delivery brings the fleet to eleven offshore wind installation vessels, reinforcing Cadeler's position as the largest pure-play fleet owner.
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Contracted for East Anglia TWO
Wind Ace will mobilize for the 960 MW East Anglia TWO project in the UK, where Cadeler holds firm contracts to install all 64 turbines and foundations, with offshore works starting in 2027.
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Third A-Class Vessel on Track
The third A-class vessel, Wind Apex, remains scheduled for delivery in the first half of 2027, supported by a recently secured EUR 247 million green loan.
Analysis · CDLR · Energy & Transportation
With the delivery of Wind Ace, Cadeler's fleet grows to eleven vessels and gains a second state-of-the-art A-class unit capable of installing both XXL foundations and next-generation turbines. Already contracted for the 960 MW East Anglia TWO project, the vessel de-risks future revenue. On-time, on-budget delivery, backed by a strong safety record, underscores the company's execution capability in a tight offshore wind supply chain.
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In the 30 days to Sep 13, 2026, 29.5% of the 1672 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.22%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CDLR was trading at $23.23 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $15.37 to $30.01. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.