Cadeler A/S has received notice of termination of the Aflandshage offshore wind project in Oresund, Denmark. Cadeler considers the cancellation of the project - however the cancellation will not impact Cadeler's long-term financial performance, but will have a positive impact on the guidance provided for the financial year 2023. The contract awarded to Cadeler by Siemens Gamesa for the transportation and installation of 26 11MW wind turbines, set to begin in 2026, has been cancelled.

The contract was originally announced by Cadeler in April 2023. As Cadeler has replacement projects lined up and in general operates with mutual termination fees when entering into contracts with partners, the decision will not change Cadeler's long- term financial performance and will not have a material negative impact on Cadeler's backlog, but it will impact the guidance provided for the Financial year 2023 positively.