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Keppel-Aibel consortium wins contract for converter stations

Samantha Chiew

SINGAPORE (May 7): Keppel FELS, a subsdiary of Keppel Offshore & Marine (Keppel O&M), in a consortium with Aibel AS, has secured a contract from TenneT Offshore, a grid operator in the Netherlands and Germany.

Under the contract, Keppel FELS will design, construct, install and commission a 900MW offshore high voltage direct current (HVDC) converter station and an onshore converter station.

Keppel FELS’ share of the contract is worth about $560 million.

Together with its subcontractor ASEA Brown Boveri (ABB), the consortium will also undertake the installation and startup operations of the offshore and onshore converter stations in Germany.

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Scheduled to be completed in 2024, the two converter stations will be part of the DolWin cluster servicing offshore wind farms in the German sector of the North Sea.

The offshore converter station will be located 130km from the onshore converter station and will provide grid connection for the offshore wind power plants to transmit and supply electricity to about a million households in Germany.

Chris Ong, CEO of Keppel O&M, says, “This is Keppel O&M’s first major project of this scale and extends our track record in supporting the renewable energy industry. We see opportunities in this segment as the offshore renewables market is expected to increase significantly over time with increasing concerns over climate change. Keppel O&M is able to leverage our expertise in offshore energy infrastructure to offer customised and high quality solutions across the offshore wind farm value chain.”

Shares in Keppel closed 2.60% higher on Tuesday at $6.72.