See also: DBS maintains Keppel Corp's 'buy' call after Vision 2030 announcement
In an SGX filing, Keppel O&M says that it is able to provide a variety of design and construction solutions for the offshore renewable energy industry.
An example cited, is its converter stations and substations that it is currently building to support the offshore wind energy industry in the German sector of the North Sea and in Taiwan.
The contract is on progressive payment terms and is not expected to have any material impact on Keppel Corporation’s net tangible assets (NTA) and earnings per share (EPS) for the current financial year.
See also: Nam Cheong secures RM317.1 mil worth of multi-year OSV charter contracts
As at 12.49pm, shares in Keppel Corp are trading 2 cents higher, or 0.4% up, at $4.49.
