Sembcorp unit wins solar energy project to supply power in India

SINGAPORE – Sembcorp Industries’ wholly owned renewables subsidiary Sembcorp Green Infra has been awarded a build-own-operate solar energy storage hybrid project by SJVN, an Indian state-owned power company.

It will supply solar power for four hours a day to support peak electricity demand through a 300 megawatt-hour (MWh) battery energy storage system (Bess) once the project is complete, the group said on May 29.

This is subject to the execution of a 25-year power purchase agreement (PPA) with SJVN, Sembcorp said.

Commercial operations for the project are expected to start within 24 months from the date the PPA is signed, the group noted.

The project has a contracted capacity of 150MW and is part of SJVN’s 1.2 gigawatt (GW) tender for the Inter State Transmission system-connected solar projects with 600MW/2.4GWh of Bess capacity.

It will be funded through a blend of internal funds and debt, Sembcorp said.

The award of the project is not expected to have a material impact on the group’s earnings per share and net tangible assets per share for the financial year ending December 2025, it added.

As Sembcorp’s second solar energy storage hybrid project in India, the project raises the group’s gross renewables capacity in the country to 6.3GW. Globally, the group’s total renewables portfolio stands at 17.7GW, including acquisitions pending completion.

It comes on the back of the group’s first solar and Bess hybrid project in India, involving a 150MW solar photovoltaic project with a 300MWh Bess, announced in December 2024.

Then, Sembcorp Green Infra was awarded a build-own-operate project by Indian public sector company Solar Energy Corporation of India to supply on-demand power to support four hours of peak electricity daily over a 25-year period.

Sembcorp shares were up 0.75 per cent to $6.69 at the close of trading on the Singapore Exchange on May 29. THE BUSINESS TIMES