Sembcorp unit to acquire Vector Green for $474m

Vector Green has renewable power generation assets across 13 Indian states.

Sembcorp Green Infra Limited, a wholly-owned subsidiary of Sembcorp Industries, has inked an agreement with India Infrastructure Fund II to acquire 100% interest in Vector Green Energy Private Limited for a base equity consideration of $474 million (INR27.8b).

Vector Green’s acquisition will expand Sembcorp’s gross renewables portfolio installed and under development in India to 3GW, comprising 1GW of solar assets and 2GW of wind assets.

The independent power producer has renewable power generation assets spread across 13 Indian states. Its portfolio includes 495MW of solar capacity and 24MW of wind capacity in operation, with 64MW of solar projects under development

"With the completion of this acquisition, Sembcorp's gross renewable energy capacity will increase to 8.5GW4, pushing us closer towards our 2025 target of 10GW,” Sembcorp Industries’ Group President & CEO, Wong Kim Yin, said.

Follow the link for more news on

Sembcorp Industries

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia