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Issue 192: Sembcorp’s renewable catalysts; South-east Asia’s geothermal potential

This week in ESG: Sembcorp shareholders approve S$0.16-per-share final dividend; Singapore requests geothermal feasibility study

Kenneth Lim
Published Fri, May 1, 2026 · 07:00 PM
    • Sembcorp’s China renewables portfolio faces rising curtailment rates.
    • Sembcorp’s China renewables portfolio faces rising curtailment rates. ILLUSTRATION: KENNETH LIM

    Sustainable investing

    Structural changes ahead for Sembcorp’s renewables business

    Sembcorp Industries shareholders who stuck with the energy and urban solutions group through a tumultuous year will receive a slightly higher dividend for their patience.

    But keeping those shareholders happy will boil down to Sembcorp’s success on three pivotal renewable energy bets: A fix to China’s imbalanced market, a spin-off of assets in India, and a major acquisition in Australia.