LONDON - Cadeler A/S, a prominent player in the offshore wind sector, has secured a significant financial package from HSBC Singapore to enhance its fleet capabilities. The agreement, announced today, involves an unsecured green loan of EUR 50 million aimed at funding the construction of new X-class and F-class vessels and modernizing existing O-class vessels with new cranes.
The deal reflects Cadeler's strategic market position and its commitment to providing high-quality support services for large-scale offshore wind installations. CEO Mikkel Gleerup expressed the company's readiness to meet the growing global demand for renewable energy infrastructure. He highlighted that this financial backing would bolster Cadeler's capacity to execute these critical projects.
In addition to the initial loan, the finance package includes a non-committed accordion option of an additional EUR 50 million, offering further potential support for Cadeler's expansion plans. Christina Ma, HSBC's Green Loan Coordinator, noted the bank's expertise in crafting solutions tailored to clients' needs, demonstrating HSBC's commitment to fostering sustainable development through such partnerships.
Cadeler A/S is listed on the Oslo Stock Exchange and is recognized for its innovative vessel design that plays a vital role in executing offshore wind projects. HSBC Holdings (NYSE:HSBC) plc, with its headquarters in London, operates a global network across 62 countries and territories, providing a broad range of financial services. This strategic partnership underscores both organizations' dedication to advancing green initiatives within the maritime and energy sectors.
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