Keppel O&M is able to provide a variety of design and construction solutions for the offshore renewable energy industry. It is currently building converter stations and substations to support the offshore wind energy industry in the German sector of the North Sea and in Taiwan. It also delivered and has a stake in Blue Tern, an advanced multipurpose offshore wind turbine installer for the UK North Sea.
The new contract is on progressive payment terms and is not expected to have any material impact on the net tangible assets and earnings per share of Keppel Co. Ltd for the current financial year.
