Cadeler is a leading offshore wind installation vessel contractor operating a fleet of jack-up vessels that transport and install offshore wind turbine generators and foundations for developers and equipment manufacturers globally. The company generates revenue by providing specialized offshore installation, operations and maintenance, decommissioning, and general offshore construction services, competing on crane capacity, deck space, and capability to handle increasingly larger turbines. Demand is fundamentally driven by renewable energy investments and the economics of offshore wind projects, supported by long-term trends including global energy transition toward decarbonization and declining project costs.