Ocean Sun and Keppel have signed an agreement for a 1.5 MWp floating PV project
to be deployed near Jurong Island in Singapore. Further background for the
project can be found in the Keppel Corporation Media release:

https://www.kepcorp.com/en/media/media-releases-sgx-filings/keppel-to-pilot-sing
apores-first-membrane-based-nearshore-floating-pv-system-at-jurong-island/

See also Strait Times:
https://www.straitstimes.com/singapore/floating-solar-panels-at-sea-part-of-spor
es-6m-investment-in-clean-energy-tech-on-jurong-island

About Keppel Infrastructure 
Keppel Infrastructure (KI) is a wholly-owned subsidiary of Keppel Corporation, a
Singapore flagship multinational company providing solutions for sustainable
urbanisation. KI provides solutions for some of the world's most pressing
challenges through its power & gas, environment, and new energy businesses by
leveraging its proprietary technology, strong technical expertise and proven
operating capabilities. 

KI has a track record of developing energy and environmental infrastructure
end-to-end, including power generation assets, waste-to-energy (WTE) facilities,
large-scale district cooling systems, as well as NEWater and desalination
plants. In Singapore, it operates a 1,300-megawatt high efficiency gas-fired
combined cycle power plant and a utility pipe rack and pipe line network in
Jurong Island. It is also Singapore's leading electricity retailer, and the
first and largest district cooling systems developer and service provider.
Globally, through Keppel Seghers, it is one of the leading WTE technology
providers with more than 100 project references in 20 countries. 

KI is expanding its presence, in Singapore and overseas, in areas such as power
generation, waste management, district cooling, renewables and energy storage,
electric vehicle charging infrastructure and other clean energy opportunities. 

For more information, please visit www.kepinfra.com

About Keppel Energy Nexus
Keppel Energy Nexus (KEN) is the developer, owner and operator of a network of
integrated utilities and sustainable energy solutions.

It develops, owns and operates an extensive pipeline corridor on Jurong Island
in Singapore, delivering competitive and sustainable energy solutions such as
steam, de-mineralised water, fire-fighting water and other support services from
the Keppel Merlimau Cogen plant to its customers.

KEN also offers other energy solutions such as distributed solar PV and
infrastructure that help customers decarbonise their operations.


About Ocean Sun: By combining Norwegian maritime expertise and knowledge within
photovoltaics, Ocean Sun has developed an innovation that offers a bold solution
to our global energy needs. The patented technology is based on solar modules
mounted on hydro-elastic membranes and offers cost and performance benefits not
seen in any other floating PV system today. With offices in Oslo, Singapore and
Shanghai, Ocean Sun's vision is to become the world's leading technology
provider of floating solar. www.oceansun.no

For further details, please contact: Børge Bjørneklett, CEO of Ocean Sun, +47
90195778