Sembcorp signs MOU to develop renewable energy solutions for data centres in China

It is not expected to have a material impact on Sembcorp’s EPS.

Sembcorp Industries’ wholly-owned subsidiary Sembcorp (China) Holding Co. has signed a memorandum of understanding (MOU) with Chinese data centre developer GDS Holdings for the development of renewable energy solutions for the latter's data centres, according to a local bourse filing.

Sembcorp (China) Holding Co and GDS will work together to develop and provide renewable energy solutions for GDS data centres located in China.

Both companies will also seek to “explore other opportunities to realise operational synergies between GDS’s green data centres and Sembcorp’s renewable power generation and water management systems.”

The MOU is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending 31 December 2020.