OWEC Tower has developed a proprietary jacket foundation design known as OWEC Quattropod, which separates and optimizes the piling and jacket installation process.
Keppel director of group strategy and development, Michael Chia said that offshore wind energy is rapidly gaining traction around the world and a large number of offshore wind farms are under construction and planning.
"With OWEC Tower’s leading design in this segment, our partnership puts us in the ideal position to capture a share of this market"added Chia.
KV Ventus, a wholly-owned subsidiary of Keppel Corporation, signed a share purchase and subscription agreement and shareholders agreement.
OWEC Tower till date has installed its jacket foundations at offshore wind farms, which include the Beatrice pilot test off the coast of Scotland, the German pilot project Alpha Ventus, Ormonde wind farm in the UK, and the Belgian Thornton Bank project.
