Media Releases

Sembcorp Industries (Sembcorp) announces that it has, through its wholly-owned subsidiary Sembcorp Energy (Shanghai) Holding Co. Ltd, signed an equity transfer agreement with China state-owned investment holding company, State Development Investment Corporate Group (SDIC)’s Shanghai SDIC Xieli Development Equity Fund Partnership (Xieli Fund), to take over its 35% interest in SDIC New Energy for an equity consideration of approximately RMB 1.5 billion (approximately S$320 million).

Sembcorp Industries (Sembcorp) announces that it has, through its wholly-owned subsidiary Sembcorp Energy (Shanghai) Holding Co. Ltd, signed a sale and purchase agreement to acquire a 98% interest in a portfolio of operational wind and solar photovoltaic (PV) assets from CGN Capital Partners Infrastructure Fund III and its affiliates for a consideration (net of external debt financing) of approximately RMB 3.3 billion (approximately S$700 million).

Sembcorp Industries (Sembcorp), Batam’s utility company PT PLN Batam and Indonesian renewable energy developer PT Trisurya Mitra Bersama (Suryagen) announce today that they have signed an exclusive joint development agreement (JDA) to develop a large-scale integrated solar and energy storage project in Indonesia’s Batam, Bintan and Karimun (BBK) region. This project consists of an approximately 1GWp of solar power generation capability and a large-scale energy storage system in BBK to support managing the intermittency for clean energy deployment and export. To support the clean energy needs of the two markets, the renewable power generated onsite will supply the clean energy needs of the local communities and is proposed to be transmitted via subsea cables into Singapore.

Sembcorp Industries announces it has been formally awarded a 180MW wind power project in India, in the recent 11th nationwide wind power auction held by the Solar Energy Corporation of India (SECI). The Group’s wholly owned renewables subsidiary in India, Green Infra Wind Energy Limited, has received the letter of award from SECI to develop the project, proposed to be situated in the state of Karnataka in southwest India. Upon completion of the project, its power output will be sold to SECI under a 25-year long-term power purchase agreement.

Sembcorp Industries’ (Sembcorp) subsidiary Sembcorp Utilities, Chiyoda Corporation (Chiyoda) and Mitsubishi Corporation (Mitsubishi) have today signed a strategic collaboration Memorandum of Understanding (MOU) to explore the feasibility and implementation of a commercial-scale supply chain to deliver decarbonised hydrogen into Singapore, utilising Chiyoda’s proven hydrogen storage and transportation technology “SPERA Hydrogen™”

The successful launch in Singapore of a sustainability-linked bond (SLB), raising S$675 million for Pan-Asian energy and sustainable solutions provider Sembcorp Industries (Sembcorp), marks the latest phase in the transition to a net-zero future.

Sembcorp Industries (Sembcorp) today announces a pledge of S$1 million to support Vietnam’s battle against the COVID-19 crisis, with an immediate focus to provide critical medical equipment to two major hospitals in Binh Duong, one of the provinces most affected by the latest development of the pandemic in the country.

Sembcorp Industries (Sembcorp) today announces the launch of Singapore’s first sustainable financing framework for sustainability-linked transactions for the energy sector.

Sembcorp Industries (Sembcorp) posted a Group net profit of S$46 million for the first half of 2021 (1H2021) compared to a net loss of S$42 million in 1H2020.

Sembcorp Industries (Sembcorp), through its waste management business SembWaste, today launched Singapore’s first solar-powered electric vehicle (EV) charging hub at its Tuas depot.

Sembcorp Floating Solar Singapore, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), and National Water Agency PUB, have officially opened the Sembcorp Tengeh Floating Solar Farm at the Tengeh Reservoir today. With 122,000 solar panels spanning across 45 hectares (equivalent to about 45 football fields), the 60 megawatt-peak (MWp) solar photovoltaic (PV) farm is one of the world’s largest inland floating solar PV systems.

Sembcorp Industries (Sembcorp), through its UK subsidiary Sembcorp Energy UK (SEUK), today announces a collaboration agreement with Zero Degrees Whitetail Development Ltd., the UK subsidiary of US innovation firm 8 Rivers Capital, to explore the development of the UK’s first Net Zero emissions NET Power station at SEUK’s Wilton International site on Teesside.

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