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Sembcorp buys UK distributed energy generator for £216m

Move is part of group's strategy to rebalance energy portfolio to developed markets

Published Thu, May 31, 2018 · 09:50 PM

Singapore

SEMBCORP Industries has acquired distributed energy generator UK Power Reserve (UKPR) for £216 million (S$385.72 million) in cash after a "competitive process", giving the conglomerate a foothold in the UK's flexible distributed energy sector.

Sembcorp said the deal brings on board flexible assets and solutions, as well as merchant energy capabilities. It is part of the group's strategy to rebalance…

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