Keppel says its unit secures $50mn offshore wind turbine contract

SINGAPORE: Singapore's Keppel Corp, the world's largest offshore rig builder, said on Monday its joint venture has secured 35 million euros ($50.5 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.