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Transactions - DECEMBER 22, 2020

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Keppel to build first offshore wind turbine installation vessel in the U.S

by Kali Persall

Keppel Corp. is planning to build a Wind Turbine Installation Vessel (WTIV) in the United States, in a project valued at S$600 million ($450 million).

In October, Keppel secured an engineering, procurement and construction contract in the offshore renewable energy industry. Keppel Offshore & Marine will construct the WTIV for Dominion Energy. It is scheduled for delivery in 2023 and will be available for charter hire to offshore wind developers, in support of several U.S. wind projects.

“We are pleased to be selected by Dominion Energy to build the first offshore wind turbine installation vessel in the U.S., which is also one of the largest vessels of its kind in the world,” said Chris Ong, CEO of Keppel O&M. “We are able to harness Keppel O&M’s global network of yards, and experience in the offshore renewables market to expand our footprint and provide solutions in the clean energy transition.”

The vessel’s hull will have a length of 472

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