Keppel group company invests in wind powerCompany News // January 20, 2012
KV Ventus BV, a wholly-owned subsidiary of Keppel Corporation Ltd has entered into a share purchase and subscription agreement and shareholders' agreement to acquire a 49.9 per cent stake in offshore wind turbine foundation designer OWEC Tower for about NKr 61 million.
OWEC Tower, headquartered in Norway, specialises in the design and engineering of offshore wind turbine foundations.
The company has developed a proprietary jacket foundation design known as OWEC Quattropod.
In a press release, Keppel said: "The OWEC Quattropod design separates and optimises the piling and jacket installation process, resulting in reduced installation costs and faster project delivery."