BW Group-backed Cadeler is negotiating charters worth between €110m and €130m ($118m to $140m) for offshore wind farm work in Poland.

The US and Oslo-listed shipowner has signed vessel reservation agreements with both MFW Baltyk II and MFW Baltyk III, joint ventures owned 50/50 by Norwegian energy major Equinor and Polish utility Polenergia.

This is Cadeler’s first deal with the two companies.