Sembcorp Industries (the Group) wishes to provide the following updates and profit guidance for the unaudited consolidated financial statements for the second half ending December 31, 2020 (2H2020) and the full year ending December 31, 2020 (FY2020).

CapitaLand, SP Group (SP) and Sembcorp Industries (Sembcorp) have signed a Memorandum of Understanding (MOU) to jointly study the use of integrated energy solutions to power data centres.

Leading energy companies Sembcorp Industries (Sembcorp) and SP Group (SP) are collaborating to develop an Environmental Sustainability Platform, a one-stop global solution to help corporates and consumers achieve their sustainability goals. The launch of the platform is planned for the first quarter of 2021.

Sembcorp Industries (Sembcorp) launched the Sembcorp Energy for Good Fund today. The initiative aims to support community development with an initial injection of S$1.5 million by the Group. This year, over S$1 million will be used to provide relief to the social sector and migrant workers – to ensure these support pillars of the community can continue to deliver essential services amid the COVID-19 pandemic. In addition, the Fund will also show appreciation to essential workers in the energy, water, waste and environmental services.

Sembcorp (China) Holding Co, a wholly-owned subsidiary of Sembcorp Industries (“Sembcorp”), today announced that it has signed a Memorandum of Understanding (“MOU”) with GDS Holdings Limited (“GDS Holdings” or “GDS”) (NASDAQ: GDS), a developer and operator of high-performance data centres in China.

National Water Agency PUB and Sembcorp Floating Solar Singapore, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), are pleased to announce the commencement of construction of the 60 megawatt-peak (MWp) floating solar photovoltaic (PV) system on Tengeh Reservoir.

Sembcorp Energy India Limited (SEIL), a wholly-owned subsidiary of Sembcorp Industries, today commemorated the completion of 800MW of Solar Energy Corporation of India (SECI) wind power projects, bringing its operational renewable energy capacity in India to 1,730MW.

In the first half of 2020 (1H2020), Sembcorp Industries (Sembcorp) posted a turnover of S$3.5 billion and a net loss of S$131 million. This was mainly due to losses in the Marine business, and exceptional items recorded for the Group.

Sembcorp Industries and Sembcorp Marine are today proposing the recapitalisation of Sembcorp Marine through a S$2.1 billion renounceable rights issue (the “Rights Issue”), followed by a proposed demerger of the two companies via a distribution in specie (the “Proposed Distribution”) of Sembcorp Industries’ stake in the recapitalised Sembcorp Marine to Sembcorp Industries shareholders.

This announcement sets out Sembcorp Industries (Sembcorp) update on the impact of the COVID-19 pandemic on Sembcorp’s businesses and its FY2020 outlook.

Singapore’s National Water Agency PUB, and Sembcorp Floating Solar Singapore, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), are pleased to announce today the signing of a 25-year power purchase agreement (PPA) to build a 60 megawatt-peak (MWp) floating solar photovoltaic (PV) system on Tengeh Reservoir.

Sembcorp Industries (Sembcorp) is pleased to launch Singapore’s first renewable energy certificate (REC) platform that manages RECs from multiple sources. Backed by the company’s fast-growing renewable power capacity in China and Southeast Asia, the Sembcorp REC platform enables customers to transact RE100-recognised RECs to meet their green energy requirements.