News

Energy & Offshore

Staff Reporter

, Singapore

Published:

1 year ago

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Sembcorp wins 150MW wind-solar hybrid power project in India

The contract was awarded through its subsidiary, Sembcorp Green Infra Private Limited.

Sembcorp has secured a 150MW Inter State Transmission System (ISTS) connected wind-solar hybrid power project from Solar Energy Corporation of India Ltd (SECI).

The contract was awarded through its unit, Sembcorp Green Infra Private Limited, via a letter of award (LOA).

The project will increase Sembcorp’s gross renewables portfolio in India to 4.9GW and boost its global capacity to 14.6GW, including a pending 49MW acquisition.

The build-own-operate project is part of a 600MW bid issued by SECI. The power output will be sold to SECI under a 25-year long-term power purchase agreement (PPA), subject to the execution of a power purchase agreement (PPA) and upon completion of the project.

The project is set to be commercially operational within 24 months from the date of signing the PPA and will be funded through a mixture of internal funds and debt.

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