sembcorp industries

Sembcorp unit wins investment licence to develop Vietnam-Singapore Industrial Park

It aims to boost sustainable industrial growth in south-central Vietnam

The company acquired, ReNew Sun Bright, owns and operates a 300 megawatt solar power asset in India.

Sembcorp acquires Indian solar power project for S$246 million

The company’s gross renewable energy capacity installed and under development in India has now climbed to over 7.6 GW

As at end-2024, 68% of Sembcorp’s total energy portfolio came from installed, secured or under-construction renewable capacity.
HOCK LOCK SIEW

Sembcorp’s purchase of Alinta has green risks

Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition

Alinta’s indirect emissions exceed Sembcorp’s mostly due to contracted power purchased from a coal plant.
ESG INSIGHTS

Issue 175: Sembcorp courts still-brown Alinta; Asia can’t let coal go

This week in ESG: Sembcorp to buy Australian utility A$6.5 billion; coal phase-out fizzling out in Asia

Sembcorp says the move will add meaningful scale and diversification to its portfolio.
BROKERS’ TAKE

Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?

Sembcorp says the acquisition is driven by Alinta’s renewables pivot, not its Loy Yang B coal-fired power station

The move will add “meaningful scale and diversification to Sembcorp’s portfolio across renewables, energy storage and gas assets”, says the company.

Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal

The asset is country’s fourth-largest utilities provider with around 1.1 million customers

Alinta provides gas and electricity to more than 1.1 million homes and businesses in Australia and New Zealand.

Sembcorp confirms talks to buy Australia’s Alinta Energy from Chow Tai Fook

HK’s Cheng family bought the business for over US$3 billion in 2017

The projects in the deal will generate enough solar power to reduce 169,000 tonnes of carbon emissions.

New Aster unit inks Sembcorp Solar deal for power worth 17,000 cars’ emissions

Aster Power will focus on advancing power and steam generation, as well as renewable power solutions across Aster’s assets

Sembcorp plans to explore opportunities to deploy battery stacking across other sections of the energy storage system.

Sembcorp partners EMA to test energy-storage system for grid stability

Company also unveils Singapore’s largest ground-mounted solar project – the Jurong Island Solar Farm