Investor presentation Annual Report 2025 1 January – 31 December 2025 24th March 2026 Disclaimer This presentation (this "Presentation") has been prepared by Cadeler A/S (the "Company") exclusively for information purposes and may not be reproduced or redistributed, in whole or in part, by any other person. Forward-looking statements This Presentation contains certain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Exchange Act of 1 ...

The White House wants to pay TotalEnergies $1 billion to walk away from two offshore wind energy projects. How does that help address Trump's energy emergency? asks @liamdenning asks @liamdenning (via @opinion) https://t.co/hvDQspVCj0 ...

Core Insights - A federal judge has allowed Danish offshore wind developer Orsted to continue work on its nearly completed Revolution Wind project, which had been previously halted by the Trump administration along with four other projects [1] Company Summary - Orsted is a Danish offshore wind developer that has received judicial approval to resume its Revolution Wind project, indicating a potential positive shift in regulatory support for renewable energy initiatives [1] Industry Summary - The decision by the federal judge reflects ongoing legal and regulatory challenges within the renewable energy sector, particularly for offshore wind projects in the U.S., which may influence future investments and project developments in this industry [1]

Core Viewpoint - Orsted's U.S. joint venture plans to seek an injunction against a Trump administration order that has halted the construction of all U.S. offshore wind projects [1] Group 1 - The joint venture is directly impacted by the Trump administration's order, which affects the offshore wind industry in the U.S. [1]

Group 1: RWE's Offshore Wind Project Sale - RWE has agreed to sell its F.E.W. Baltic II offshore wind project, which has a planned capacity of 350MW, to PGE in Poland [1] - The wind farm will be located approximately 50km off the coast, north of Ustka, in the Baltic Sea, with the transaction expected to be completed in Q1 2026 [1] - RWE and PGE have finalized the transfer of the environmental permit and related data for the neighboring offshore wind area 44.E.1 as part of the transaction [1] Group 2: RWE's Current and Future Projects - RWE operates onshore wind and solar installations in Poland with a total capacity exceeding 660MW [2] - The company is currently building four large-scale offshore wind farms across four European countries and has several additional offshore projects under development [3] - RWE operates 19 offshore wind farms in five countries, with a combined installed capacity of 6.2GW, of which 3.3GW is attributable to the company [3] Group 3: Additional Offshore Wind Projects - RWE is constructing four new offshore wind projects: Sofia in northern England, Thor in Denmark, OranjeWind off the Dutch coast, and Nordseecluster north of Juist, which will add a total of 4.8GW of capacity, with RWE's share being 3.1GW [4] Group 4: Power Purchase Agreement - RWE has signed a long-term power purchase agreement with Indiana Michigan Power Company for the entire output of its 200MW Prairie Creek project in Indiana, US [5] - Under the 15-year agreement, I&M will purchase electricity from Prairie Creek to meet rising electricity demand in Indiana [5] - Prairie Creek is expected to produce enough power to meet the annual electricity needs of approximately 42,000 Indiana households [6]

Germany will scale back offshore-wind auctions next year after the last round failed to attract any bidders https://t.co/7jExTWIHjx ...

Core Insights - Orsted reported a quarterly net loss of 1.7 billion Danish kroner ($261.8 million) for the July-September period, a significant decline from a profit of 5.17 billion Danish kroner in the same period last year [2] - The company flagged third-quarter impairment costs of nearly 1.8 billion Danish kroner [2] - Orsted reiterated its full-year EBITDA guidance of 24-27 billion Danish kroner, excluding earnings from new partnerships and cancellation fees [3] - The company announced a deal to sell a 50% stake in its Hornsea 3 offshore wind farm in the U.K. to Apollo Global Management for $6 billion [3] - Orsted's CEO expressed satisfaction with the progress across the construction portfolio and emphasized the company's focus on maintaining its leadership in offshore wind [4] - Despite the challenges, Orsted's shares rose by 1.2% on Wednesday morning, although the stock price has significantly declined this year due to U.S. government actions against wind developments [5]

Core Viewpoint - The wind turbine maker has announced plans to establish a new blade factory in Szczecin to support the expansion of offshore wind parks in Europe [1] Group 1 - The new blade factory is part of the company's strategy to enhance production capabilities for offshore wind energy [1] - The initiative aligns with the growing demand for renewable energy solutions in Europe [1]

Group 1 - Danish offshore wind developer Orsted plans to complete its offshore Sunrise Wind project in the United States by the second half of 2027 [1] - The CEO of Orsted, Rasmus Errboe, communicated this timeline to reporters [1] Group 2 - The Sunrise Wind project is part of Orsted's broader strategy to expand its renewable energy portfolio in the U.S. [1] - The project is expected to contribute significantly to the offshore wind capacity in the region [1]

Core Viewpoint - Orsted has resumed work on a U.S. offshore wind project following a federal judge's ruling that allows construction to restart amid ongoing legal challenges from the Trump administration [1] Group 1 - Orsted is a key player in the offshore wind industry, and the resumption of construction indicates a positive development for renewable energy projects in the U.S. [1] - The federal judge's ruling is significant as it provides a legal pathway for Orsted to continue its operations despite the ongoing legal case [1]