Sembcorp Energy

Sembcorp Industries on Monday announced that it has signed two separate agreements to acquire 428 MW of wind power assets in China and India for 200 million Singaporean dollar (about Rs 1,247 crore). The Singaporean energy company, backed by state-owned investor Temasek Holdings Pte, will acquire 228 MW of operational wind power assets of Leap Green Energy Pvt Ltd for 70 million Singaporean dollar and 200 MW of Qinzhou Yuanneng for 130 million Singaporean dollar, the firm said in a statement. Sembcorp has been operating in India for more than 12 years, with a presence across 18 states. With this acquisition, the company now has a balanced portfolio of 3.7 GW of renewable assets, comprising 2.25 GW of wind and 1.45 GW of solar assets. Last year, it announced the acquisition of Vector Green to add 583 MW of renewable assets in India. "Sembcorp's wholly-owned subsidiary, Sembcorp Energy (Shanghai) Holding Co Ltd has signed an agreement with Envision Energy Co Ltd to acquire 100 per cen

Renewable energy solution provider Suzlon Energy on Tuesday said that it has won an order to set up 180.6 MW wind energy project from Sembcorp's arm Green Infra Wind Energy Ltd. "Suzlon Group, India's largest renewable energy solutions provider, today announced a new order win for the development of a 180.6 MW wind power project for Sembcorp's renewables subsidiary Green Infra Wind Energy Limited," a BSE filing said. Suzlon will install 86 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located at Kanakagiribad, Bagalkot in Karnataka, and is expected to be commissioned in 2024. Suzlon will supply the wind turbines (equipment supply) and execute the project, including erection and commissioning. Suzlon will also provide comprehensive operation and maintenance services after commissioning of the project. This order is part of the bid won under the SECI (Solar Energy Corporation of India) tranche XI auctions

By 2025, Sembcorp aims to quadruple its gross installed renewable energy capacity to 10 Gw

The firm is aiming to have a gross installed renewable energy capacity of 10 Gw by 2025

Covid has brought to fore the need for sustainable development. A two-part series examines the shift in energy sector

The purchase price for the shares is about Rs 406 crore in cash, and is based on discounted cash flows and relevant transaction multiples

Sembcorp commissioned 200 MW out of 550 MW of the SECI 2 and SECI 3 wind power projects

The project is proposed to be set up in Gujarat