We are scaling up in our focus areas, leveraging the collective strengths of the Group. In 2022, Keppel partnered the private funds and/or business trust managed by Keppel Capital on several joint investments into assets and platforms, including onshore and offshore wind energy assets in Europe, Singapore’s first hydrogen-ready power plant and a leading South Korean waste management services company. The joint investments are part of Keppel’s asset-light model, allowing us to make significant investments without increasing our gearing significantly.
Of FY 2022's earnings2 or $560 million comprised recurring income, an increase of 114% from $262 million in FY 2021.
Of energy & environment and sustainable urban renewal-related investments announced in 2022, undertaken by Keppel together with the private funds and/or business trust managed by Keppel Capital.