Singapore shipyard Keppel Offshore & Marine has secured a contract from an unnamed energy company for a vessel for the offshore renewable energy industry.
The contract, which is valued at S$600m (€375m), is for the engineering, procurement and construction of a vessel.
It is in line with Keppel Corporation’s Vision 2030, which includes seeking opportunities in providing renewable energy solutions, Keppel said.
The company said the 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 Corporation for the current financial year.
Keppel Offshore & Marine added that it is able to provide a variety of design and construction solutions for the offshore renewable energy industry.
The company is currently building converter stations and substations to support the offshore wind energy industry in the German North Sea and in Taiwan.
It delivered and has a stake in the Blue Tern installation vessel (pictured).