SINGAPORE – Singapore’s shipbuilding sector is growing into Europe’s offshore wind energy business, as demand for renewable energy infrastructure rises. Seatrium is building high-voltage converter platforms for offshore wind farms in the North Sea, employing engineering skills gained from decades of offshore oil and gas operations. However, the industry continues to face obstacles such as growing project prices, supply chain restrictions, and complex building requirements. The development might spur additional investment in offshore engineering and maritime services, potentially opening up prospects for marine waste management, industrial cleaning, and environmental compliance as renewable energy projects grow.
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(Source: The Star)