Latest news with #SembcorpGreenInfra
Business Times
6 days ago
- Business
- Business Times
Sembcorp unit wins solar-energy project to supply 150 MW of power in India
[SINGAPORE] Sembcorp Industries' wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a solar-energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will develop, own and operate the project and supply 150 megawatts (MW) of solar power to SJVN over a 25-year period, subject to the execution of a power purchase agreement (PPA) to be signed with the Indian power company. Once the project is completed, it will support peak electricity demand for up to four hours daily through a 300 megawatt-hour (MWh) battery-energy storage system (Bess), the group said on Thursday (May 29). Commercial operations for the project are expected to start within 24 months of the date of the signing of the PPA, the group noted. The project is part of SJVN's 1.2 gigawatt (GW) tender for the Inter State Transmission system-connected solar projects with 600 MW/ 2.4 GWh of Bess capacity. As one of four renewable-energy implementing agencies in India, SJVN issues tenders for renewable energy companies in the country to bid for and build capacity for sale to the grid, Sembcorp said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The project will be funded through a blend of internal funds and debt. It is not expected to have a material impact on Sembcorp's earnings per share and net tangible assets per share for the financial year ending December 2025, the group said. As Sembcorp's second solar-energy storage hybrid project in India, the project raises the group's gross renewables capacity in the country to 6.3 GW. Globally, the group's total renewables portfolio stands at 17.7 GW, including acquisitions pending completion. It comes on the back of the group's first solar and Bess hybrid project in India, involving a 150 MW solar photovoltaic project with a 300 MWh Bess, announced in December 2024. Then, Sembcorp Green Infra was awarded a build-own-operate project by Indian public sector company, Solar Energy Corporation of India, to supply on-demand power to support four hours of peak electricity daily over a 25-year period. The counter ended on Wednesday 1 per cent or S$0.07 lower at S$6.64.
Business Times
6 days ago
- Business
- Business Times
Sembcorp unit wins solar energy project to supply 150 MW of power in India
[SINGAPORE] Sembcorp Industries' wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a solar energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will develop, own and operate the project and supply 150 megawatts (MW) of solar power to SJVN over a 25-year period, subject to the execution of a power purchase agreement (PPA) to be signed with the Indian power company. It will supply solar power for four hours daily, through a 300 megawatt-hour (MWh) battery energy storage system (Bess), to support peak electricity demand once the project is completed, the group said on Thursday (May 29). Commercial operations for the project are expected to start within 24 months from the date the PPA is signed, the group noted. The project is part of SJVN's 1.2 gigawatt (GW) tender for the Inter State Transmission system-connected solar projects with 600 MW/ 2.4 GWh of Bess capacity. As one of four renewable energy implementing agencies in India, SJVN issues tenders for renewable energy companies in the country to bid for and build capacity for sale to the grid, Sembcorp said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The project will be funded through a blend of internal funds and debt. It is not expected to have a material impact on Sembcorp's earnings per share and net tangible assets per share for the financial year ending December 2025, the group said. As Sembcorp's second solar energy storage hybrid project in India, the project raises the group's gross renewables capacity in the country to 6.3 GW. Globally, the group's total renewables portfolio stands at 17.7 GW, including acquisitions pending completion. It comes on the back of the group's first solar and Bess hybrid project in India, involving a 150 MW solar photovoltaic project with a 300 MWh Bess, announced in December 2024. Then, Sembcorp Green Infra was awarded a build-own-operate project by Indian public sector company, Solar Energy Corporation of India, to supply on-demand power to support four hours of peak electricity daily over a 25-year period. The counter ended on Wednesday 1 per cent or S$0.07 lower at S$6.64.
Straits Times
7 days ago
- Business
- Straits Times
Sembcorp unit wins solar energy project to supply power in India
This is Sembcorp's second solar energy storage hybrid project in India. PHOTO: SEMBCORP SINGAPORE - Sembcorp Industries' wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a build-own-operate solar energy storage hybrid project by SJVN, an Indian state-owned power company. It will supply solar power for four hours a day to support peak electricity demand through a 300 megawatt-hour (MWh) battery energy storage system (Bess) once the project is complete, the group said on May 29. This is subject to the execution of a 25-year power purchase agreement (PPA) with SJVN, Sembcorp said. Commercial operations for the project are expected to start within 24 months from the date the PPA is signed, the group noted. The project has a contracted capacity of 150 megawatts (MW) and is part of SJVN's 1.2 gigawatt (GW) tender for the Inter State Transmission system-connected solar projects with 600 MW/2.4 GWh of Bess capacity. It will be funded through a blend of internal funds and debt, Sembcorp said. The award of the project is not expected to have a material impact on the group's earnings per share and net tangible assets per share for the financial year ending December 2025, it added. As Sembcorp's second solar energy storage hybrid project in India, the project raises the group's gross renewables capacity in the country to 6.3 GW. Globally, the group's total renewables portfolio stands at 17.7 GW, including acquisitions pending completion. It comes on the back of the group's first solar and Bess hybrid project in India, involving a 150 MW solar photovoltaic project with a 300 MWh Bess, announced in December 2024. Then, Sembcorp Green Infra was awarded a build-own-operate project by Indian public sector company, Solar Energy Corporation of India, to supply on-demand power to support four hours of peak electricity daily over a 25-year period. Sembcorp shares were up 0.15 per cent to $6.65 as at the midday trading break on May 29. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
7 days ago
- Business
- Business Times
Sembcorp unit wins solar energy project to supply power in India
[SINGAPORE] Sembcorp Industries' wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a build-own-operate solar energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will supply solar power and support peak electricity demand for four hours a day through a 300 megawatt-hour battery energy storage system (Bess) once the project is complete, the group said on Thursday (May 29). This is subject to the execution of a 25-year power purchase agreement (PPA) with SJVN. Commercial operations for the project are expected to start within 24 months from the date the PPA is signed, the group noted. The project has a contracted capacity of 150 megawatts (MW) and is part of SJVN's 1.2 gigawatt (GW) tender for the Inter State Transmission system-connected solar projects with 600 MW/2.4 GWh of Bess capacity. It will be funded through a blend of internal funds and debt, Sembcorp said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The award of the project is not expected to have a material impact on the group's earnings per share and net tangible assets per share for the financial year ending December 2025, it added. As Sembcorp's second solar energy storage hybrid project in India, the project raises the group's gross renewables capacity in the country to 6.3 GW. It comes on the back of the group's first solar and Bess hybrid project in India, involving a 150 MW solar photovoltaic project with a 300 MWh Bess, announced in December 2024. Then, Sembcorp Green Infra was awarded a build-own-operate project by Indian public sector company, Solar Energy Corporation of India, to supply on-demand power to support four hours of peak electricity daily over a 25-year period. The counter ended on Wednesday 1 per cent or S$0.07 lower at S$6.64.
Business Times
7 days ago
- Business
- Business Times
Sembcorp wins solar energy project to supply power in India
[SINGAPORE] Sembcorp Industries' wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a build-own-operate solar energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will supply solar power and support peak electricity demand for four hours per day through a 300 megawatt-hour battery energy storage system (Bess) once the project is complete, the group said on Thursday (May 29). This is subject to the execution of a 25-year power purchase agreement (PPA) with SJVN. Commercial operations for the project are expected to start within 24 months from the date the PPA is signed, the group noted. The project has a contracted capacity of 150 megawatts (MW) and is part of SJVN's 1.2 gigawatt (GW) tender for inter state transmission system-connected solar projects with 600 MW/ 2.4 GW-hour of Bess capacity. It will be funded through a blend of internal funds and debt, Sembcorp said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The award of the project is not expected to have material impact on the group's earnings per share and net tangible assets per share for the financial year ending December 2025, it added. As Sembcorp's second solar energy storage hybrid project in India, the project raises the group's gross renewables capacity in the country to 6.3 GW. It comes on the back of the group's first solar and Bess hybrid project in India, involving a 150 MW solar photovoltaic project with a 300 MWh Bess, announced in December 2024. Then, Sembcorp Green Infra was awarded a build-own-operate project by Indian public sector company, Solar Energy Corporation of India, to supply on-demand power to support four hours of peak electricity daily over a 25-year period. The counter ended on Wednesday 1 per cent or S$0.07 lower at S$6.64.
