Sembcorp adds 196MW of wind, solar in portfolio with Vietnam acquisition deal

It will also acquire a stake in a GELEX unit that owns a hydropower asset.

Sembcorp Industries announced that its wholly owned subsidiary Sembcorp Solar Vietnam Pte Ltd has completed the acquisitions of three out of four subsidiaries of Gelex Group Joint Stock Company (Gelex)

In a statement, Sembcorp said the acquisition added 196 megawatts (MW) of operational wind and solar assets to its portfolio.

Also part of the transaction is Sembcorp's takeover of a 73% stake in a subsidiary of Gelex which owns a 49MW hydropower asset.

“Upon completion of the entire acquisition, Sembcorp’s gross renewable energy capacity in Vietnam will be 455MW while the group’s gross renewable energy capacity will be 14.4GW,” it noted.

Sembcorp expects to complete the acquisition of the 49MW hydropower asset in the second half of 2024, subject to regulatory approvals.

Follow the link for more news on

renewable energy

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Secondhand furniture gains traction as Singaporeans embrace circular economy practices

Singaporeans saved 21,970 tonnes of carbon emissions by purchasing secondhand furniture.

Healthcare

Institution of Engineers sets up new board to promote faster chartership registration

The board will also promote upskilling for engineering professionals.

Building & Engineering

Changi Airport Group boosts logistics capacity with new Nexus One facility

It will house two tenants including Expeditors.

Transport & Logistics

MoM underscores tripartite efforts to safeguard workers following Dyson layoffs

The ministry urges companies to work with unions.

HR & Education

Exclusives

Lorem Ipsum Singapore Business Review

The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.

Agribusiness

1 day ago

Secondhand furniture gains traction as Singaporeans embrace circular economy practices

Singaporeans saved 21,970 tonnes of carbon emissions by purchasing secondhand furniture.

Healthcare

Lorem Ipsum 2