Sembcorp's gross renewables portfolio can generate 6.8GW
This is after the company completes the acquisition of a 658MW portfolio in China.
Sembcorp Industries, through its subsidiary Sembcorp Energy (Shanghai) Holding Co. Ltd., has completed the acquisition of a 98% interest in a portfolio of operational wind and solar photovoltaic (PV) assets from CGN Capital Partners Infrastructure Fund III and its affiliates.
Including this 658MW portfolio, Sembcorp's gross renewable capacity in operation and under development now stands at 6.8 gigawatts (GW).
Sembcorp has 56 wind and solar photovoltaic assets in operation and under development in China, which generates 3.6GW of renewables capacity.
The acquisition is expected to be earnings accreditive for the financial year ending 31 December 2022.