Mooreast expands into green energy sector with push from IPO

Samantha Chiew
Samantha Chiew11/18/2021 01:29 PM GMT+08  • 9 min read
Mooreast expands into green energy sector with push from IPO
Mooreast is powering its new green energy segment with an IPO.
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The earthquake which hit Japan in March 2011 did not just set off a tsunami. This unfortunate natural disaster also compelled Japan to take bolder steps to wean off its dependence on nuclear and fossil energy, following images of the rescue workers trying to contain the spill at the Fukushima Daiichi nuclear power plant.

Led by the Japanese government, the country is now shifting more towards clean and sustainable energy. It is aiming to have 40% of its power generated from clean and renewable sources by 2030 and bring zero-emissions sources to as high as 60%.

Japan’s stepped-up transition to clean energy has resulted in better prospects for Singapore-based Mooreast, which specialises in the design and fabrication of mooring systems that can help fix floating structures to a specific location. The alternative is to build bigger, more unwieldy fixed bottom structures that will cost more and be more disruptive to marine life.

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