Offshore oil rig builder Keppel gets another renewable energy project
- Business & Finance
Singapore’s offshore rig builder Keppel Offshore & Marine has won another contract in the renewable energy sector following last week’s major contract award in the offshore wind market.
Namely, Keppel last week, in cooperation with Norway’s Aibel, secured a contract from TenneT Offshore GmbH for the design, engineering, procurement, construction, installation and commissioning of a 900MW offshore HVDC converter station and an onshore converter station for the DolWin cluster servicing offshore wind farms. Keppel’s share of the contract is worth about S$560m.
Come Sunday, May 12 and Keppel said its subsidiary Keppel FELS had secured a contract from Ørsted, a Danish renewable energy company, for two offshore wind farm substations worth more than S$150 million ($109.7M).
Keppel noted that this contract award further strengthened its foothold in the renewable energy sector. In its first quarter 2019 report in April, Keppel emphasized its plans to continue to pursue projects and opportunities in new markets and niche segments.
The contract comprises detailed engineering, procurement, construction, testing and commissioning for two offshore wind farm 600MW substations. It excludes certain electrical components to be furnished by Ørsted.
Keppel’s workscope is scheduled for completion in the third quarter of 2021. The substations will be deployed in Ørsted’s Greater Changhua offshore wind sites in Taiwan, which have a total potential capacity of 2.4 GW.
Tan Leong Peng, Executive Director (Offshore) of Keppel O&M, said, “This project bears testament to the trust and confidence that industry frontrunners such as Ørsted have in Keppel O&M’s expertise and experience.”
He added: “Offshore wind energy continues to gain traction around the world, and a large number of wind farms are under planning and construction. We have been able to leverage and extend our capabilities in offshore engineering and construction to provide services and solutions for this fast-growing adjacent sector, supporting the evolving needs of the energy industry.”
Taiwan has announced plans to achieve 5.5 GW of installed capacity for offshore wind by 2025. It has also set an indicative target of 10-17 GW by 2030.
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