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Renewable energy contract win likely a boost for Keppel: CGS-CIMB

Jeffrey Tan
Jeffrey Tan10/12/2020 02:13 PM GMT+08  • 2 min read
Renewable energy contract win likely a boost for Keppel: CGS-CIMB
According to CGS-CIMB, this contract win proves that Keppel sees “traction” in its focus to become a provider of RE solutions.
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The renewable energy (RE) contract win by Keppel Offshore & Marine (Keppel O&M) – the subsidiary of Keppel Corp – is likely a boost for the latter, according to CGS-CIMB Research.

See also: Has Keppel Corp bottomed?

On Oct 9, Keppel announced that Keppel O&M secured a $600 million contract for the engineering, procurement and construction of a vessel for the offshore renewable energy (RE) industry.

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