Singapore’s Keppel Corp (KPLM.SI), the world’s largest offshore rig builder, said on Monday its joint venture has secured 35 million euros ($62.8 million) worth of offshore wind-turbine installation contract.
Keppel also said the $220 million wind turbine installation vessel is expected to be completed in the second half of 2012.
Keppel, more than one-fifth owned by Singapore state investor Temasek Holdings, has been stepping up its presence in offshore wind-turbine business to tap into the growing demand for alternative energy globally.
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