sembcorp industries

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

Green Tenaga's ESS installed at ITE College East. The Institute of Technical Education has teamed up with Green Tenaga and Narada Asia Pacific to co-develop specialised training programmes in energy storage.

Singapore bets on ‘giant batteries’ as it guns for clean energy imports

As the development of the Asean Power Grid ramps up, interest in energy storage systems is ‘accelerating’

Under the new agreement, the Salalah Independent Water and Power Plant (pictured) – operated by Sembcorp's unit – will have a contracted capacity of 465 megawatts of power per hour and 68,190 cubic metres of water a day.

Sembcorp subsidiary clinches 10-year power and water agreement with Omani company

The new contract strengthens long-term revenue visibility and supports operational sustainability, says Sembcorp

Sembcorp completed a floating solar farm at Tengeh Reservoir (pictured) in 2021.

Sembcorp wins bid to build 86 MWp floating solar farm on Pandan Reservoir

This is the group’s third floating solar project in Singapore