Keppel Corp to expand wind energy portfolio with $161 million investment in Europe

📆 2022-07-13 12:14 AM
📰 ChannelNewsAsia

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Singapore's Keppel Corp will expand its wind energy portfolio by co-investing 480 million euros ($481.34 million) alongside Keppel Infrastructure Trust (KIT), a Norwegian insurer and a German asset manager in Europe. Conglomerate Keppel and KIT said on Wednesday they jointly committed 160 million euros fo

Singapore's Keppel Corp will expand its wind energy portfolio by co-investing 480 million euros alongside Keppel Infrastructure Trust , a Norwegian insurer and a German asset manager in Europe.

The projects are owned by Fred. Olsen Renewables AS , a Norwegian renewable energy developer controlled by Bonheur ASA. The fund will make an initial investment of 176 million euros to buy 49 per cent interest in FORAS' three operating wind farms in Sweden and Norway.

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