Seatrium Limited Stock (SGX:5E2) Surges on TenneT BalWin5 Win: Latest News, Analyst Targets, and 2026 Catalysts (Dec 13, 2025)
Seatrium shares closed at S$2.13 on Dec 12, up 2.4%, after a consortium with GE Vernova won the BalWin5 offshore grid contract from TenneT. The project, valued by analysts at around S$2 billion, will see Seatrium design and build the converter platform for a 2.2 GW North Sea wind connection. Contract wins for Seatrium in FY2025 now exceed S$4 billion.