Singapore' s Keppel Offshore & Marine has won a contract from an unnamed repeat customer worth about S$100 million (USD 74,7 million) for the fabrication and integration work on a Floating Production Storage and Offloading vessel (FPSO).

Scheduled for delivery in 4Q 2022, Keppel Shipyard&rsquo s scope of work includes the fabrication, installation and integration of topside modules, riser balconies and spread mooring support structures, as well as supporting the customer on pre-commissioning and commissioning work. 

Ahead of the FPSO&rsquo s arrival in the yard, Keppel Shipyard will start with pre-fabrication work on the topside components in 1Q next year.

Illustration: GE Renewables/ via Equinor

Equinor and SSE have announced a financial close on the first two phases of the world' s largest offshore wind farm project - the Dogger Bank in the UK North Sea.

Dogger Bank wind farm  is a joint venture between SSE Renewables, who are leading the construction of the offshore wind farm, and Equinor, who will operate the 3.6GW project during its lifetime of at least 25-years. When completed, Dogger Bank will be the world&rsquo s largest offshore wind farm.

The overall wind farm is being built in three 1.2GW phases Dogger Bank A, Dogger Bank B, and Dogger Bank C. Each project is expected to generate around 6TWh of electricity annually.

According to the two companies, the financial close represents in aggregate the largest offshore wind project financing to date globally.

The total senior debt facilities across the two phases is GBP 4,8 billion (USD 6,4 billion), plus ancillary facilities of around GBP 0.7 billion (USD 935,8 million). Dogger Bank A and B are being project financed with gearing of 65% to 70% for the generation assets. Gearing on the transmission facilities is set to 90% of the forecasted OFTO sale proceeds.