Cadeler Secures €247M Green Loan for Third Offshore Wind Vessel
Event summary
- Cadeler has secured a €247 million green term loan to finance the construction of its third A-class offshore wind installation vessel, Wind Apex.
- The 12-year facility is backed by Denmark's Export and Investment Fund (EIFO) and designated as green financing under Cadeler's Green Finance Framework.
- Wind Apex is expected to be delivered in Q2 2027.
- The lending syndicate includes HSBC, KfW IPEX-Bank, Rabobank, and DNB Bank ASA.
The big picture
This financing underscores the growing role of green loans in scaling offshore wind infrastructure. With Wind Apex, Cadeler is expanding its fleet to meet rising global demand for renewable energy projects. The deal also highlights Denmark's strategic support for its offshore wind supply chain through EIFO backing.
What we're watching
- Execution Risk
- Whether Cadeler can deliver Wind Apex on time and within budget, given the complexity of offshore wind vessel construction.
- Market Demand
- How the pace of global offshore wind project development will affect demand for Cadeler's installation services.
- Competitive Positioning
- Whether Cadeler can maintain its leadership in the offshore wind installation vessel market as competitors expand their fleets.