Keppel Ltd. (Keppel), through its Infrastructure Division, has signed a Memorandum of Understanding (MOU) with Tokyo-based investment and general trading company, Sojitz Corporation (Sojitz) with the intention to jointly pursue decarbonisation and clean energy business opportunities in Asia Pacific.

Under the MOU, Keppel and Sojitz will jointly identify and develop a pipeline of projects in bioenergy and resource recovery, as well as invest in and operate energy solutions that support energy transition in Asia Pacific. The collaboration also seeks to harness Keppel's Energy-as-a-Service (EaaS) know-how and proprietary solutions for businesses in markets where Sojitz operates in.

The MOU was signed by Ms Cindy Lim, CEO of Keppel’s Infrastructure Division and Mr Takefumi Nishikawa, Chief Operating Officer, Energy Solution & Healthcare Division, Sojitz and witnessed by Mr Loh Chin Hua, CEO of Keppel and Mr Kosuke Uemura, Representative Director, President & Chief Operating Officer, Sojitz at a ceremony held at Sojitz’s headquarters in Tokyo.

Ms Cindy Lim, CEO of Keppel’s Infrastructure Division, said, “Keppel is pleased to collaborate with Sojitz in a mutually beneficial partnership, leveraging Keppel’s expertise in energy and environmental technologies and Sojitz’s international presence. This collaboration showcases how like-minded businesses can expand reach and drive growth together.”

The abovementioned development is not expected to have any material impact on the net tangible asset per share or earnings per share of Keppel for the current financial year.

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About Keppel

Keppel Ltd. (SGX:BN4) is a global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity. Headquartered in Singapore, Keppel operates in more than 20 countries worldwide, providing critical infrastructure and services for renewables, clean energy, decarbonisation, sustainable urban renewal and digital connectivity. Keppel creates value for investors and stakeholders through its quality investment platforms and diverse asset portfolios, including private funds and listed real estate and business trusts.