Keppel Corp has secured a newbuilding work for two offshore wind farm substations worth more than SGD 150m ($110m).
The contract has been won from Danish renewable energy company Orsted and further strengthens Keppel’s foothold in the renewable energy sector.
When completed in late 2021, the two units will be deployed in Orsted’s Greater Changhua projects in Taiwan, which have a total potential capacity of 2.4 GW.
Keppel said the contract comprises detailed engineering, procurement, construction, testing and commissioning for two offshore wind farm 600MW substations.
“Offshore wind energy continues to gain traction around the world, and a large number of wind farms are under planning and construction,” said Tan Leong Peng, executive director (Offshore) of Keppel Offshore & Marine.
“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.
Keppel says it is able to tap on its offshore design, engineering and construction capabilities for developing solutions across the value chain of offshore wind farms, such as wind turbine foundations, substation platforms, as well as installation and support vessels.
News of this latest contract comes just days after Keppel announced that it had won a deal to build two convertor stations for offshore windfarms in the North Sea.
The contract was won as part of a consortium comprising energy services provider Aibel. Keppel’s share of the contract is worth about SGD 560m.
Scheduled to be completed in 2024, the two converter stations will be part of the DolWin cluster servicing offshore wind farms in the German sector of the North Sea.
The offshore converter station will be located about 130km from the onshore converter station and they will provide grid connection for the offshore wind power plants to transmit and supply electricity to about 1m households in Germany.
Keppel first entered the offshore wind market in 2010 when the group secured a contract to build an electrical transformer and maintenance platform for a German offshore wind farm.
This was followed by the commercialisation of its proprietary KFELS MPSEP (multi-purpose self-elevating platform) concept, Keppel’s first offshore wind turbine installation vessel.
