Singapore-based Kim Heng has been awarded a contract to install wind turbines in Vietnam.
The project marks another major milestone in the offshore engineering and vessel operator's transition into the renewable energy sector.
The company revealed that it has been able to tap green financing from a Singaporean bank to finance the assets required to undertake the work.
The turnkey lifting and installation contract has been signed with what the company described as the main contractor for Vietnam's windfarm projects, and will see wholly-owned subsidiary Kim Heng Heavy Equipment provide engineering, lifting, technical and maintenance services.
