Cadeler

Cadeler is excited to share the news of the first turbine installation at Ørsted and Eversource Energy’s Revolution Wind project, completed in close cooperation with Ørsted and its partners. Utilizing the state-of-the-art Wind Scylla vessel, Cadeler will play a crucial role in the installation of turbines for the 704 MW project, which is set to power over 350,000 US households. Cadeler is growing its team in the U.S. and looks forward to helping build this new industry in American waters. This latest milestone celebrates Cadeler’s growth and underscores its commitment to delivering sustainable energy solutions for a cleaner future. https://lnkd.in/eAUdew5H

Are you passionate about developing and implementing a communication, marketing and branding strategies? Do you want to work in the green offshore wind industry where your skills and expertise will help secure a sustainable future based on renewable energy? Then keep reading – Cadeler is looking for a Head of Communications & Marketing. Your key responsibilities are to develop and execute a comprehensive communications and marketing strategy, manage budgets, and oversee Cadeler's participation in industry events. You will position the company as a thought leader in the renewable energy sector while leading and mentoring a five-person communication and marketing team. Additionally, you will continuously seek innovative approaches to enhance communication practices and strategies. Ready to join our team? Apply through the link below:

Are you passionate about complex offshore projects? Do you want to work in the green offshore wind industry where your skills and expertise will help secure a sustainable future based on renewable energy? Then keep reading – Cadeler is looking for a Quality Engineer with your skills and interests! Responsibilities include leading quality processes in corporate projects and engineering, providing quality-related advice, ensuring compliance with contractual requirements, managing interfaces and contractors regarding quality, conducting audits and site inspections, ensuring policies are implemented, managing tenders for quality standards, and traveling for site and vessel visits. Ready to join our team? Apply through the link below:

Interim Financial Report 2024: Cadeler delivers in line with expectations and showcases record high order backlog Copenhagen August 27, 2024 - Today, Cadeler A/S (“Cadeler” and, together with its subsidiaries, the “Group”) has published its Interim Financial Report for the first half of 2024, showcasing results in line with guidance and a record order backlog. In addition to progress on the integration of the Eneti business following the completion of Cadeler’s acquisition of Eneti Inc. in December 2023, achieving synergies above expectations, Cadeler has added projects in Asia and the US – as well as Europe – to its order book. The renewed O-class cranes were delivered on time and on budget. Cadeler has also secured additional financing and placed an order to build a third state-of-the-art A-class vessel. Cadeler owns and operates the industry’s largest and most versatile fleet of jack-up offshore wind installation vessels, with four vessels in operation, a fifth vessel (the Wind Peak) delivered on time and on budget earlier this month and expected to commence operations in the second half of this year, and six newbuilds under construction. Cadeler’s order book now stands at EUR 1.9 billion (options included at 100%), an increase of over EUR 500 million compared to H1 2023. Mikkel Gleerup, CEO of Cadeler, said: "I am pleased to report that, once again, our results align with expectations, demonstrating our strategic focus on fleet modernization and expansion in sync with growing customer demand and project complexity. In an industry accustomed to delays and budget constraints, Cadeler has consistently achieved what it has said it will achieve. The first half of 2024 saw key maintenance and crane upgrade projects completed on time and within budget, and with four vessels now fully operational and a fifth set to commence work, Cadeler is well-positioned for continued growth. The growing demand in our market is evidenced by our record-high order backlog. Securing additional financing, and placing the official order for our third A-Class vessel, are significant milestones of which I am very proud." Read the full press release below:

Cadeler Further Strengthens its Financial Position with Additional Capacity Under its Upsized Green Corporate Loan Facility with HSBC Group and Standard Chartered as Lenders Copenhagen, August 26, 2024 – Cadeler A/S (“Cadeler”) today announces that it has further increased the capacity available to it under its unsecured green corporate term loan facility (the “Green Corporate Loan Facility”), with the commitments thereunder increased by EUR 45 million, bringing the total capacity available to Cadeler under the Green Corporate Loan Facility to EUR 125 million. Standard Chartered is the lender on the upsizing of the facility. The two banks are also participating in Cadeler’s EUR 425m Facility, which is the post-delivery financing of the P-Class vessels. Prior to the upsizing of the Green Corporate Loan Facility, Cadeler had drawn EUR 80 million thereunder, with remaining EUR 20 million headroom under the accordion. With today’s announcement, a further EUR 45 million in committed funds has been confirmed, increasing the total capacity of the Green Corporate Loan Facility and the total committed funds thereunder to EUR 125 million. HSBC acted as Sole Mandated Lead Arranger, Green Loan Coordinator, and Facility Agent. With this upsizing, Cadeler has increased its financial flexibility and ability to seize market opportunities as they rise. This increase in unsecured, committed funds further strengthens Cadeler’s financial position and growth prospects and will enable it to fund a variety of wind turbine installation activities. Peter Brogaard, Mathias Trustrup Hartmann, Aaron Beck ACA Read the full press release below:

Are you passionate about navigating complex international tax landscapes and driving compliance in a more than ever dynamic sector? Do you want to work in the green offshore wind industry where your skills and expertise will help secure a sustainable future based on renewable energy? Then keep reading – Cadeler is looking for an International Tax Specialist with your skills and interests! Key responsibilities include managing global tax risks for vessel operations, ensuring compliance with transfer pricing across jurisdictions, coordinating global tax submissions and indirect tax cycles, managing projects and stakeholders, calculating tax provisions for financial reports, maintaining SOX tax controls, and monitoring global tax regulatory changes. Apply through the link below and join our team!

Cadeler A/S today announces two significant developments in respect of its external debt facilities that, together, underscore the robust support that Cadeler continues to enjoy from its banking partners and their confidence in Cadeler’s commitment to the sustainable growth of its business. The second agreement is: Extension of RCF-B Facility and Increased Uncommitted Guarantee Lines Cadeler’s banking partners continue to demonstrate unwavering support. The banking group behind Cadeler’s EUR 550m Secured Green Loan Facilities and Export and Investment Fund of Denmark (EIFO) have approved: The extension of Cadeler’s RCF-B facility by 12 months, providing Cadeler with additional financial flexibility to seize market opportunities, including by funding the purchase of mission equipment and increased working capital. An increase to its uncommitted guarantee lines from EUR 100 million to EUR 200 million, due to surging activity levels. Total drawings within the entire loan facility will offer a maximum of EUR 450m until the maturity of RCF-B and then a maximum of EUR 350m for the remaining period of the loan facility. The Loan Facilities led by DNB is supported by Rabobank, Crédit Agricole CIB, Danske Bank, Oversea-Chinese Banking Corporation (OCBC), Standard Chartered and Societe Generale. Peter Brogaard, Mathias Trustrup Hartmann, Aaron Beck ACA Read the full press release below:

Cadeler A/S today announces two significant developments in respect of its external debt facilities that, together, underscore the robust support that Cadeler continues to enjoy from its banking partners and their confidence in Cadeler’s commitment to the sustainable growth of its business. The first agreement is: Replacement of M-Class Financing Cadeler has successfully renegotiated and replaced the USD 436 million Senior Secured Green Term Loan Facility previously entered into by Eneti Inc. (“Eneti”) in respect of the two M-Class new builds Cadeler acquired upon the completion of its business combination with Eneti. The replacement facilities – one for each M-Class vessel – have been entered into on materially improved terms, reflecting Cadeler’s strong credit story and strengthened market position. This refinancing, supported by a broad banking group as well as several export credit agencies, secures an aggregate of up to EUR 420 million (approximately USD 456 million) in post-delivery financing. The banking group includes Societe Generale acting as Mandated Lead Arranger and ECA Coordinator, as well as Crédit Agricole CIB, Crédit industriel et commercial (CIC), KfW IPEX-Bank, and The Korea Development Bank, Singapore Branch as Lead Arrangers. The export credit agencies supporting Cadeler on the replacement facilities are Export and Investment Fund of Denmark (EIFO), Eksfin - Export Finance Norway, and Export-Import Bank of Korea (KEXIM). Peter Brogaard, Mathias Trustrup Hartmann, Aaron Beck ACA, Laurence Illouz-Timsit, Valerie Mace Read the full press release below:

Cadeler Takes Delivery of State-of-the-Art Installation Vessel Fleet expansion to meet growing global market demand is a core strategic priority for Cadeler, and today the company took delivery of the fifth and newest addition to its fleet – Wind Peak. Delivered on time and within budget, Wind Peak is the most modern and innovative vessel in the industry, fully designed to cater to the growing needs and demands of future wind farms in terms of size, scope, and complexity. The vessel is the first of seven new builds for which Cadeler currently has signed contracts for. Cadeler, the world’s largest operator in offshore wind installation, operations, and maintenance services, has today taken delivery of its first P-class jack-up installation vessel from the COSCO Shipping Heavy Industry (COSCO) shipyard in Qidong, China. The groundbreaking vessel, Wind Peak, was named in a celebratory ceremony at the shipyard and is now set to go into commercial operation. Being the most modern and innovative vessel in the industry, the P-class is specifically designed for the needs of Cadelers clients, to handle some of the largest wind turbine components in the offshore wind industry. Mikkel Gleerup, CEO of Cadeler, stated: “To celebrate this impressive vessel coming into operation is a landmark occasion for Cadeler and our great partners on the project. For everyone involved, this is the culmination of years of hard work, planning, and supervision, and I am extremely pleased to take delivery of this remarkable asset to Cadeler, on time and within budget.” Read the full press release below:

Are you passionate about continuously improving external reporting and financial control processes? Do you want to work in the green offshore wind industry where your skills and expertise will help secure a sustainable future based on renewable energy? Then keep reading – Cadeler is looking for a Financial Controller with your skills and interests! As the new Financial Controller at Cadeler, your key responsibilities will include maintaining the integrity of the company's internal controls, managing ESG reporting, preparing accounting memos, and reviewing accounting policies. You will prepare and coordinate external reports, ensure compliance with IFRS standards, optimize financial control processes, and support ESG reporting under CSRD and EU taxonomy. Additionally, you'll assist with various tasks within the Group Finance function. Ready to join the team? Apply through the link below!