BW Group-backed Cadeler has clinched a deal as the preferred supplier to install wind turbines for energy giant Orsted in the German North Sea.

Oslo-listed Cadeler, in which Swire Group is also an investor, said its 13,200-dwt wind turbine installation vessel (WTIV) Wind Osprey (built 2012) will work on the combined Gode Wind 3 & Borkum Riffgrund 3 projects.

No value has been given for the contract, which will be finalised this year.