BW Group-backed Cadeler has raised NOK 486m ($90m) from a private placement and said the funds will go towards further newbuildings.
The Oslo-listed wind turbine installation vessel operator said it sold a total of 26.175m shares each at a subscription price of NOK 32.32.
DNB Markets and SpareBank 1 Markets as joint managers and bookrunners for the placement, which took place through an accelerated book-building process.
