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SINGAPORE SHIPREPAIRING, SHIPBUILDING & OFFSHORE INDUSTRIES DIRECTORY 2020/2021
SURFING NEW TURF
IN THE OFFSHORE
MARKET
FIRST MAJOR WIND FARM PROJECT
SINCE 2010
Keppel O&M returns to the fray with a big bang. Its wholly-owned subsidiary, Keppel FELS Ltd won a contract to build converter stations for TenneT Offshore GmbH, a grid operator in the Netherlands and Germany. It is Keppel O&M’s  rst major project in the renewable energy sector since 2010.
Chief Executive of Keppel O&M Chris Ong said, ‘‘We see opportunities in this segment as the offshore renewables market is expected to increase signi cantly over time with increasing concerns over climate change.’’
Taiwan beckons with opportunities which our companies are quick to seize. Sembcorp Marine Offshore Platforms Pte Ltd was contracted to fabricate 15 jacket foundations for the Formosa 2 Offshore Wind Farm, Taiwan’s largest offshore wind farm. Keppel FELS also have a presence in Taiwan where it will partner
The vicissitudes of the oil and gas markets make it critical for  rms to diversify into adjacent areas sooner than later. Renewables, as a business segment, serves not just as a risks cushion, but a potential growth catalyst. This makes good business sense as offshore renewable energy is another major greening trend. This is a global market with great market potential.
Offshore wind accounts for the largest proportion of offshore renewable energy supply. The installation of offshore wind parks is an extremely complex and challenging engineering challenge. The trend is for continuously larger wind turbines to be placed further out to sea, making the entire support and installation infrastructure more complex. These developments bode well for shipyards and service providers to windfarm operators. Companies with an edge - in areas such as offshore design, engineering and construction capabilities to develop solutions across the value chain of offshore wind farms - can uncover opportunities in times of crisis.
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