Sembcorp Secures Major Renewable Energy Contract in India
Sembcorp Industries has won a significant 50 MW renewable energy project from Solar Energy Corporation of India Ltd. The project, part of SECI's 1.2 GW tender, involves integrating solar, wind, and battery storage. The initiative boosts Sembcorp’s India capacity beyond 6.5 GW, with global holdings at 18 GW.
- Country:
- India
Sembcorp Industries announced on Thursday that it has secured a major 50 MW renewable energy project through the Solar Energy Corporation of India Ltd. This win marks a notable step for Sembcorp in India's renewable energy sector.
The project entails the integration of approximately 300 MW of installed capacity, combining solar, wind, and battery energy storage solutions (BESS) to deliver continuous power. Consequently, Sembcorp's gross renewables capacity in India has surpassed 6.5 GW, while its global portfolio has reached 18 GW, pending the completion of acquisitions.
The project, expected to be operational within 24 months of a power purchase agreement, is part of SECI's 1.2 GW tender. It will be financed through a combination of the company's internal resources and debt.
(With inputs from agencies.)
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