Cadeler A/S has secured an additional unsecured green corporate term loan facility of EUR 60 million, with a non‑committed accordion option of up to EUR 80 million. The facility, arranged by HSBC and Clifford Capital, is intended to strengthen the company’s balance sheet and provide financial flexibility for ongoing fleet expansion and the Nexra O&M division.
The loan is a key component of Cadeler’s strategy to double its fleet to 10 jack‑up vessels by the end of 2025 and reach 12 vessels by mid‑2027. The additional capital will enable the company to deploy new vessels and expand its operations and maintenance services, which are critical to capturing the growing offshore wind market.
Cadeler’s green financing aligns with its sustainability commitments and positions it to win large offshore wind contracts. The company has recently secured two firm contracts worth approximately EUR 500 million for turbine and foundation installation, scheduled for 2029 and 2030, and a contract with Ocean Winds for the BC‑Wind offshore wind farm, slated to begin in 2028.
On the same day, Cadeler announced a shareholder change: BW Altor Pte. Ltd. increased its stake to 27.36%, reflecting growing institutional confidence in the company’s growth trajectory.
The facility provides up to five years of financing, giving Cadeler flexibility to deploy capital without diluting equity. It also reinforces Cadeler’s ESG profile and green financing track record, which includes a EUR 550 million senior secured green loan in 2023 and a EUR 125 million green term loan in Q3 2025.
Overall, the loan strengthens Cadeler’s financial position, supports its aggressive growth plans, and reinforces its reputation as a green player in the offshore wind market.
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