<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001269094</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Ordinary shares, with a nominal value of DKK 1.00 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001978867</issuerCik>
        <issuerName>Cadeler A/S</issuerName>
        <issuerCusip>12738K109</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <street1 xmlns="http://www.sec.gov/edgar/common">KALVEBOD BRYGGE 43</street1>
          <city xmlns="http://www.sec.gov/edgar/common">Copenhagen V</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">G7</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">DK-1560</zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Folketrygdfondet</reportingPersonName>
      <citizenshipOrOrganization>Q8</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>18713197</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>18713197</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>18713197</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.3</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>The percentage in Row 11 is based on 350,957,583 Ordinary Shares outstanding as of December 20, 2024, as reported by the Issuer in its Registration Form on Form F-3 filed on December 20, 2024 with the Securities and Exchange Commission. </comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Cadeler A/S</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>Kalvebod Brygge 43 DK-1560 Copenhagen V Denmark</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Folketrygdfondet</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Haakon VII's Gate 2
P.O. Box 1845 Vika
0123 Oslo
Norway
</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Norway</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>18,713,197 Ordinary Shares</amountBeneficiallyOwned>
        <classPercent>5.3</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>18,713,197 Ordinary Shares</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>18,713,197 Ordinary Shares</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Folketrygdfondet</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Christina Stray</signature>
        <title>Christina Stray, General Counsel</title>
        <date>02/06/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
