Offshore Oil Platform Builder Keppel Secures Another Renewable Energy Project

Written by Paulo Nogueira

Published on 13/05/2019 at 06:39

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The Singapore Offshore Platform Builder, Keppel Offshore & Marine, Won Another Contract in the Renewable Energy Sector Following Last Week’s Major Contract in the Offshore Wind Market.

That is, Keppel last week, in cooperation with the Norwegian 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 offshore cluster wind farms. Keppel’s portion of the contract is valued at approximately S$ 560 million.

On Sunday, May 12, Keppel announced that its subsidiary Keppel FELS had secured a contract with Ørsted, a Danish Renewable Energy Companyfor two offshore wind farm substations worth over US$ 150 million (US$ 109.7 million).

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Keppel noted that this contract award further strengthened its position in the renewable energy sector. In its first quarter 2019 report in April, Keppel emphasized its plans to continue seeking projects and opportunities in new markets and niche segments.

The contract includes detailed engineering, procurement, construction, testing, and commissioning for two 600MW substations in offshore wind farms. It excludes certain electrical components to be supplied by Ørsted.

Keppel’s workscope is scheduled to be completed in the third quarter of 2021. The substations will be deployed at Ørsted’s key offshore wind sites in Greater Changhua, Taiwan, which have a total potential capacity of 2.4 GW.

Tan Leong Peng, Chief Executive Officer (Offshore) of Keppel O & M, said: “This project testifies to the trust and confidence that industry leaders, such as Ørsted, have in Keppel O & M’s expertise and experience.”

He added: “Offshore wind power continues to gain momentum worldwide, and a large number of wind farms are in planning and construction. We have been able to leverage and expand our capabilities in offshore engineering and construction to provide services and solutions for this rapidly 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 power by 2025. It has also set an indicative target of 10-17 GW by 2030.

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