Sembcorp targets 10GW of installed renewables capacity by 2025

Facebook
Twitter
LinkedIn
Reddit
Email
Sembcorp is currently constructing a 60MW floating PV project in Singapore. Image: Sembcorp.

A new strategic plan from Sembcorp Industries will see the Singapore-based energy company aim to increase its renewables capacity almost fourfold to 10GW by 2025.

The move forms part of an effort to transform the firm’s portfolio “from brown to green”, as it bids to halve greenhouse gas emissions by 2030 and deliver net zero emissions by 2050.

Sembcorp’s current installed renewables capacity – comprising solar, wind and energy storage – stands at 2.6GW, with wind making up the majority.

Its operational and under-development solar portfolio is 775MW, consisting of utility-scale, rooftop and floating PV plants in three markets: India, where it has 35MW in operation and 400MW under development; Vietnam, with 37MWp contracted capacity; and Singapore, where its contracted capacity is 371MWp.

The company is currently constructing a 60MW floating solar project on a reservoir in Singapore that will feature 122,000 modules and is expected to be operational in the second half of this year.

Last November, Sembcorp’s Indian unit, Green Infra Wind Energy, was one of two companies that posted a record-low bid in a solar auction in India, picking up 400MW of capacity in the state of Rajasthan with a bid of INR2/kWh (US$0.0270/kWh). This record was then beaten a month later, with four companies bidding INR1.99/kWh in a solar auction in Gujarat.

As part of Sembcorp’s transformation plan, the firm has committed to not invest in new coal-fired energy assets. It currently has more than 9.5GW of “conventional power capacity” in markets such as China, India, Singapore and the UK.

“With our proven track record across Asia and capabilities across various segments of the renewables and urban solutions sectors, Sembcorp is well-positioned to be a leading pan-Asian provider of sustainable solutions,” said Wong Kim Yin, CEO of Sembcorp Industries.

Read Next

September 28, 2022
The ENACT Installer App automates the complete journey of the customer, right from first contact to complete installation.
September 26, 2022
A subsidiary of solar EPC Sterling and Wilson has signed a memorandum of understanding with the government of Nigeria to develop and construct a portfolio of PV and battery energy storage system (BESS) projects in the country.
PV Tech Premium
September 22, 2022
The war in Ukraine, approaching its eighth month, is having an extremely detrimental effect on the country's solar sector.
September 22, 2022
New York Governor Kathy Hochul has launched a solicitation calling for 2GW of large-scale renewables projects in the state.
PV Tech Premium
September 19, 2022
The proliferation of solar requires PV projects to adapt to their grid surroundings, which increasingly entails connecting alongside adjacent technologies, be it energy storage, other renewables or green hydrogen. Amid the growing threat of curtailment, Jules Scully looks at the rise of the ‘solar-plus’ market and the financial models underpinning it.
September 14, 2022
Private equity giant BlackRock Real Assets has acquired New Zealand solar and energy storage provider solarZero.

Subscribe to Newsletter

Upcoming Events

On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)
Solar Media Events
November 29, 2022
Malaga, Spain