Keppel to focus more on renewables

Singapore's Keppel Corporation announced a new long-term strategy and transformation programme under Vision 2030 that will see the company put a focus on renewable energy.

The company plans to focus more on areas such as renewables, environmental solutions, nearshore floating infrastructure, connectivity solutions including green data centres, as well as integrated smart district development.

Keppel said it will actively pursue strategic M&A opportunities to accelerate chosen growth engines, as well as selective divestments to free up its balance sheet. As part of this process, the Group has announced the strategic review of its logistics business.

Loh Chin Hua, CEO of Keppel Corporation, said: “Amidst a rapidly changing global environment, Keppel must remain nimble and evolve to stay relevant and competitive. The year-long Vision 2030 exercise, which was completed last month, outlines the key tenets of our strategy as we seek to grow our business and seize opportunities created by macrotrends such as the increasing focus on climate change, energy transition, urbanisation and technology proliferation."

The firm said that ustainability will be firmly at the core of the Company’s strategy. Keppel has defined the businesses it would strictly avoid, maintain and focus on, based on their environmental sustainability.