When one door closes, another opens — that could be the case with Keppel Corp. Once the largest builder of jack-up rigs in the world, Keppel has to look for businesses that can fill the gap in its earnings as economies move to a low carbon environment. It may have found just the thing to fill this gap. During the company’s 1QFY2020 call with analysts and media, Keppel’s management indicated that electric vehicle (EV) infrastructure is a significant opportunity. The Singapore government has launched its Green Plan 2030. By that year, the target number of EV charge points in Singapore will be more than doubled. Keppel plans to target meaningful market share. In addition, it has a target of producing 7GW of power from green energy by 2030.

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