Sembcorp invests 77% stake in Vellocet Clean Energy for $5m

It will tap into Australia’s direct supply of renewable energy to companies.

Sembcorp Industries (Sembcorp) subsidiary Sembcorp Energy Australia invested a 77% stake in Vellocet Clean Energy (VCE) for $5m, allowing it to grow in the Australian power market, particularly in the direct supply of renewable energy to companies.

According to an announcement, VCE is an Australian company offering clean energy solutions. It offers behind-the-meter power and microgrids which enable customers to save on high network and retailer costs, as well as mid-size front-of-meter power supply and generation.

VCE targets the market for corporate power purchase agreements (PPAs). Sembcorp said the company is in active talks with potential customers and has memoranda of understanding for a number of solar power projects.

Sembcorp CEO and group president Neil McGregor commented, “In Australia, the retirement of older coal-fired facilities is creating a significant opportunity for the growth of cleaner energy solutions. At the same time, high retail power tariffs and network and transmission costs have resulted in a favourable outlook for corporate PPAs and distributed energy. Against this background, it is an opportune time for Sembcorp to move into the market.”

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