Keppel O&M completes construction of 2 offshore substations in renewable energy push

KEPPEL Offshore & Marine (Keppel O&M) announced on Wednesday that it has completed the construction of two offshore substations for Danish power company Ørsted, which will contribute to the supply of green power to some one million households in Taiwan.

The two unmanned offshore wind farm 600MW substations will be deployed in Taiwan's Greater Changhua 1 & 2a Offshore Wind Farms. When operational, Greater Changhua 1 & 2a will be Taiwan's first far shore and large-scale offshore wind farms.

The topside modules will set sail in late October to be integrated with the jacket foundations, which had been earlier completed in Q2. Keppel O&M will also be undertaking the integration work for the offshore substations followed by the testing of the substation systems within its scope.

"We are pleased to support Ørsted's first full-scale offshore wind project in Asia with two major offshore substations. Working in close collaboration with Ørsted, we were able to devise win-win solutions to work around the constraints caused by the pandemic to ensure the safe completion of the project," said Keppel O&M CEO Chris Ong.

Mr Ong noted that this was the seventh major project completed by Keppel O&M this year. "Keppel O&M's pivot to renewables has gained traction, with S$1.3 billion worth of offshore wind projects secured over the past three years," he added.

"We have the capabilities to develop solutions across the value chain of offshore renewables as well as undertake the R&D of other decarbonisation solutions such as hydrogen, ammonia, and electrification. This is in line with Keppel's Vision 2030, which has put sustainability at the core of the company's strategy," Mr Ong said.

Shares of Keppel Corporation closed S$0.01 or 0.2 per cent higher at S$5.22 on Wednesday, before the announcement.