Singapore’s Keppel Fels has won a contract worth some S$110 million (US$80.8 million) from an unnamed renewable energy company for two offshore substations (OSS).
Keppel’s workscope comprises the engineering, procurement, construction, testing and commissioning for the topsides modules of the two OSS. This excludes the OSS foundations, as well as certain electrical components that will be furnished by the client.
The workscope is scheduled to be completed in 2024 to be deployed at an offshore wind farm.
"We are pleased to secure this contract, which reflects [Keppel Fels’ parent] Keppel O&M’s continuing pivot towards renewables and cleaner energy solutions. It is testament to Keppel O&M’s execution excellence, as well as our ability to deliver reliable, consistent, and quality solutions for the offshore wind industry,” said Keppel Offshore & Marine chief executive Chris Ong.
The contract will be on progressive payment milestones and will have neutral project cashflow, noted Keppel.
“In line with Keppel’s Vision 2030 which puts sustainability at the core of the company’s strategy, Keppel O&M is strengthening its foothold across the value chain of offshore renewables,” added Ong.
The Singapore contractor recently completed two OSS for Taiwan’s Greater Changhua 1 and 2a offshore wind farms, and it is currently building a high-voltage direct current converter station for offshore wind farms in the German sector of the North Sea as well as the first wind turbine installation vessel in the US.