Danish Offshore Wind Farm Installer Targets Push Into Asia
- Cadeler due to start trading in New York on Wednesday
- Targets expansion into South Korea, Taiwan and Japan
Cadeler A/S wind turbine vessels Wind Osprey, left, and Wind Orca during the installation of new cranes in Rotterdam, Netherlands, in October.
Photographer: Jelco Stouthandel/Cadeler A/SThis article is for subscribers only.
Denmark’s Cadeler A/S is targeting an expansion into the Asian offshore wind market as the technology is poised to grow after a crisis that threatened progress in some regions.
So far the firm has focused on Europe where its ships helped to build some of the biggest projects, but it is now looking to expand to Asia, Chief Executive Officer Mikkel Gleerup said. After a $1.2 billion merger with Eneti Inc. to create the world’s biggest offshore wind installation company, it will list on the New York Stock Exchange on Wednesday.