Wedoany.com Report-Oct 18, Singapore-based company Sembcorp Industries, through its subsidiary Sembcorp Green Infra, has secured a letter of award for a 150MW inter-state transmission system-linked wind-solar hybrid power project.
The build-own-operate project was awarded by the Solar Energy Corporation of India (SECI). It forms part of a 600MW tender that SECI had issued.
Following the execution of a power purchase agreement (PPA), the clean energy generated by the renewable asset will be sold to SECI for 25 years.
The project will be commercially operational within two years from the signing of the PPA and will be financed through a mix of internal funds and debt.
The new project increases Sembcorp’s total renewable energy portfolio in India to 4.9GW. Globally, Sembcorp’s gross renewables capacity will reach 14.6GW, including a 49MW acquisition currently pending completion.
In a related development in September 2024, Sembcorp Utilities, another subsidiary of Sembcorp Industries, signed a sale and purchase agreement with ENGIE Global Developments.
This agreement involves the acquisition of a 30% stake in Senoko Energy, which is held by ENGIE’s wholly-owned subsidiary TWMB Holdings.
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