Cadeler Secures €247M EIFO-Backed Green Loan for Wind Apex Vessel

Cadeler has secured a senior secured green term loan of 247 million euros to help finance the construction of its third A-class offshore wind installation vessel, Wind Apex. Backed by the Export and Investment Fund of Denmark, the 12-year facility is designated as green financing under Cadeler's Green Finance Framework. The vessel, due for delivery in the first half of 2027, will become the twelfth in the company's growing fleet, purpose-designed to install some of the largest monopile foundations and wind turbines in the industry.

 

Details of the Financing

 

Cadeler has arranged a substantial loan to support its fleet expansion. The company secured a senior secured green term loan worth 247 million euros. This financing is backed by the Export and Investment Fund of Denmark, known as EIFO. The facility will partly finance the construction of the Wind Apex vessel. This makes it a key element in funding the company's newbuilding programme.

The loan is structured over a long term with green credentials. It is a 12-year facility, providing extended repayment stability for the company. The loan was designated as green financing under Cadeler's Green Finance Framework. This designation aligns the funding with sustainability-focused lending criteria. It reflects the vessel's role in supporting renewable energy infrastructure.

 

The Role of EIFO and Banking Partners

 

The financing brings together public backing and international lenders. The Export and Investment Fund of Denmark provided the backing for the loan. Cadeler was also supported by a strong group of international banking partners. This combination of public and private support underpinned the facility. It demonstrates confidence from multiple financial institutions in the project.

Company leadership highlighted the value of these relationships. Cadeler's chief executive pointed to a longstanding relationship with EIFO. He expressed appreciation for the fund's continued support of the company's growth. The backing from EIFO and the lending partners was framed as a vote of confidence. It reflects belief in Cadeler's ability to deliver needed offshore wind installation capacity.

 

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The Wind Apex Vessel

 

Wind Apex represents a significant addition to Cadeler's fleet. The company recently held a keel-laying ceremony for the vessel. This took place at the COSCO yard in Qidong, China. The vessel is due to be delivered in the first half of 2027. Upon delivery, it will become the twelfth vessel in the company's fleet.

The vessel is designed for the most demanding installation work. Wind Apex is an A-class vessel, purpose-designed for offshore wind projects. It is built to support the increasing scale and complexity of such developments. The vessel can transport and install some of the largest monopile foundations available. It is also capable of handling some of the largest wind turbines in the industry.

 

Strategic Significance for Cadeler

 

The vessel supports Cadeler's positioning in a growing market. Offshore wind projects are increasing in both scale and technical complexity. Larger turbines and foundations require specialised installation vessels to handle them. Wind Apex is designed specifically to meet these evolving requirements. This positions Cadeler to serve the next generation of offshore wind developments.

Expanding the fleet strengthens the company's capacity to meet demand. Adding a twelfth vessel increases Cadeler's overall installation capability. This growth responds to rising demand for offshore wind installation services. The green financing reinforces the alignment between the fleet and renewable energy goals. Together these factors support the company's long-term growth trajectory in the sector.