Cadeler has inked a significant contract with Synera Renewable Energy (SRE) to handle the transportation and installation of 35 Siemens Gamesa 14MW wind turbines at the Formosa 4 Offshore Wind Farm in Taiwan. The project, set to commence in March 2028, will leverage Cadeler’s next-generation M-class wind turbine installation vessels and is expected to span approximately 150 days. The contract is anticipated to generate revenue between €70 million and €80 million for Cadeler, underscoring the company’s growing footprint in the Asia-Pacific region.
This development follows Cadeler’s earlier announcement in September 2024, where it secured two offshore wind projects in the region. The collaboration with SRE aligns with Cadeler’s strategic vision to expand its presence in the Asia-Pacific market, bolstered by its local office in Taipei. The Formosa 4 project, located 18 to 20 kilometers off the coast of Miaoli County, will cover an area of 58 square kilometers, with turbines installed at water depths ranging from 57 to 64 meters. Upon completion, the wind farm is poised to generate 495 megawatts of clean energy, a substantial contribution to Taiwan’s renewable energy goals.
Cadeler CEO Mikkel Gleerup emphasized the strategic importance of the project, stating, “This milestone project further anchors Cadeler’s strategic presence in the Asia-Pacific region. With the support of our team based in Taipei, we are steadily building up our APAC presence and pipeline, with two vessels currently operating contracts in the region.” Gleerup also highlighted the technological advancements brought by the M-class vessel, describing it as a bridge between continents and a step toward a cleaner energy future.
The partnership extends beyond installation, as SRE recently awarded a 15-year service operations vessel (SOV) contract to Dong Fang Offshore (DFO) to support the operations and maintenance of its asset fleet, starting with Formosa 4. The custom-built, Taiwan-flagged SOV, designed to meet European standards and withstand Taiwan’s maritime conditions, will play a crucial role in the project’s success. Additionally, SRE increased its stake in the Formosa 2 offshore wind farm by 26%, securing a majority interest of 51%, further solidifying its commitment to Taiwan’s offshore wind sector.
This news signals a pivotal moment for the offshore wind industry in the Asia-Pacific region, particularly in Taiwan. The collaboration between Cadeler, SRE, and DFO not only underscores the growing investment in renewable energy but also highlights the importance of technological innovation and regional partnerships in driving sustainable energy solutions. As Taiwan continues to position itself as a leader in offshore wind development, such projects are likely to spur further advancements and investments in the sector, shaping the future of clean energy in the region.