From oil rigs to offshore wind: Singapore shipyards chase Europe’s energy-transition business
The Republic is repurposing expertise built over decades serving the largest offshore oil and gas companies for this green push
Singapore's shipyards are capitalizing on Europe's green energy transition by repurposing decades of expertise in building offshore oil and gas platforms for the construction of massive offshore wind farms. At a northern Singapore shipyard, a 30,000-tonne yellow platform known as a high-voltage direct current converter (HVDC) is being prepared for shipping to Europe in 2028.
This platform will be installed 60 km offshore to transmit electricity generated by wind turbines back to land. The technology is highly sought after due to its ability to transmit power over long distances with minimal energy loss, making it ideal for expanding wind farms further from crowded shores. Despite a global investment dip of 72% in offshore wind, few shipyards possess the expertise and capacity to build these platforms, leading to a potential supply bottleneck.
Singapore, with its strategic location and skilled workforce, is positioning itself as the top choice for European developers. Seatrium, a joint venture between Singapore's Temasek and GE Vernova, has developed these large-scale HVDC platforms, which cost up to 5 billion euros each. The company is chasing HVDC and HVAC projects worth S$9 billion across Europe and the Asia-Pacific region.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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