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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

Kenneth Lim
Published Fri, Dec 12, 2025 · 07:00 PM
    • Alinta’s indirect emissions exceed Sembcorp’s mostly due to contracted power purchased from a coal plant.
    • Alinta’s indirect emissions exceed Sembcorp’s mostly due to contracted power purchased from a coal plant. ILLUSTRATION: KENNETH LIM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Sustainable investing

    Sembcorp eyes foothold in Australia via Alinta

    At the heart of Sembcorp’s plan to buy Australian utility Alinta Energy is the chance to get a firm foothold in a potentially massive market for renewables.

    But Alinta is a company that still has a long decarbonisation transition ahead, and an acquisition could complicate Sembcorp’s green journey while adding costs and uncertainties.

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