Cadeler's Wind Ace Joins Fleet
Cadeler Delivers 'Wind Ace' Offshore Wind Vessel for East Anglia TWO Project
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Key Points
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Wind Ace was officially named earlier this year by godmother Lisa Western of ScottishPower Renewables, highlighting the close partnership between Cadeler and ScottishPower Renewables.
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East Anglia TWO will power the equivalent of almost one million homes once operational.
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East Anglia TWO is located in the North Sea off the southeast coast of England.
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Cadeler’s stock fell about 1% in Oslo after the Wind Ace delivery announcement, with shares at NOK56.70.
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Wind Ace has been under construction for about two years at the COSCO Shipping Offshore shipyard in Qidong, China.
Cadeler has taken delivery of Wind Ace, its eleventh offshore wind installation vessel, built on schedule and within budget after more than 3.5 million working hours without a single lost-time accident, according to Market Screener. The vessel is the second of three A-class newbuilds and will head straight to work on a major UK offshore wind project.
Wind Ace was built over roughly two years at the COSCO Shipping Offshore shipyard in Qidong, China, according to Renews. It brings Cadeler's active fleet to 11 vessels, reinforcing the company's push to handle increasingly large and complex offshore wind jobs.
Wind Ace Heads Straight to ScottishPower's East Anglia TWO
Wind Ace's first assignment is ScottishPower Renewables' East Anglia TWO offshore wind farm, a 960 MW project in the North Sea off southeast England, according to Ocean Energy Resources. Once operational, the farm will power the equivalent of almost one million homes. Cadeler will handle both foundation and turbine installation for the project.
The partnership between Cadeler and ScottishPower Renewables runs deep. Lisa Western of ScottishPower Renewables served as godmother at Wind Ace's naming ceremony earlier this year, according to Renews. That ceremony marked the formal start of what Cadeler calls a full-scope installation relationship.
A-Class Design Built for XXL Turbines and Monopiles
Wind Ace is designed to install both XXL monopile foundations and next-generation wind turbine generators. Crucially, it can switch between the two roles on a single project. That flexibility is rare and valuable as turbines grow bigger and heavier each generation.
The A-class design targets the most demanding offshore jobs in the industry, according to Market Screener. Cadeler says the vessel's dual capability lets it offer clients a one-stop installation service, cutting the need to bring in separate ships for foundations and turbines. That full-scope approach is central to Cadeler's commercial strategy.
Third A-Class Vessel Wind Apex Due in Early 2027
Cadeler confirmed that Wind Apex, the third and final A-class newbuild, is scheduled for delivery in the first half of 2027, according to Ocean Energy Resources. That will push the fleet's total capacity further and give Cadeler more firepower for projects already in its pipeline.
The company's steady fleet build-out reflects growing global demand for large installation vessels. Offshore wind turbines keep getting bigger, and fewer ships in the world can handle them. Cadeler is positioning itself as one of the few operators that can.
Cadeler Stock Dips 1% Despite Milestone Delivery
Despite the positive milestone, Cadeler's shares fell about 1% on the Oslo Stock Exchange after the Wind Ace delivery announcement, settling at NOK 56.70, according to Energy Watch. Stock moves on delivery news are common as markets often price in milestones ahead of time.
The delivery itself came with no cost overruns and no safety incidents across more than 3.5 million working hours, according to Morningstar. For an industry where shipyard delays and budget blowouts are common, that record stands out. Cadeler says the clean delivery reflects both its project management and its shipyard relationship with COSCO.
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