Sembcorp Industries (Sembcorp), through its wholly owned renewables subsidiary, Sembcorp Green Infra Private Limited (SGIPL), has received the Letter of Award from SJVN Limited for a contracted capacity of 150 MW solar power project with a 300 MWh Battery Energy Storage System (BESS). This build-operate project is part of SJVN’s 1.2 GW tender for Interstate Transmission System-connected solar projects with 600 MW/2.4 GWh of BESS capacity.
Subject to the execution of a 25-year power purchase agreement (PPA) with SJVN and upon completion of the project, it will supply solar power and support peak electricity demand for four hours daily through the BESS. Commercial operations are expected to begin within 24 months from the date of signing the PPA. The project will be funded through a mixture of internal funds and debt.
This is Sembcorp’s second solar-energy storage hybrid project in India, increasing Sembcorp’s gross renewables capacity in India to 6.3 GW. Globally, Sembcorp’s total renewables portfolio has reached 17.7, including acquisitions pending completion.
The award of the project is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending December 31, 2025.
It delivers sustainable solutions to support energy transition and urban development by leveraging our sector expertise and global track record.
The company has a balanced energy portfolio of 25.8 GW, including 17.7 GW of gross renewable energy capacity, across 11 countries. Its urban development projects span 14,800 hectares across Asia and have generated over 414,000 employment opportunities and attracted close to US$58 billion of investment capital.
In addition to being listed on the main board of the Singapore Exchange, it is a constituent stock of the FTSE Russell Index, MSCI Singapore Index, and Straits Times Index, as well as sustainability indices including the FTSE4Good Index and several MSCI ESG indices.
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