A subsidiary of Sembcorp Industries, Sembcorp Green Infra, has won a 150 MW solar project. The project includes a 300 MWh Battery Energy Storage System (BESS). It was awarded by the Solar Energy Corporation of India Ltd (SECI). The project is part of a larger bid for 2GW of inter-state transmission system (ISTS)-connected solar power projects with 4GWh of BESS, as outlined by SECI.
In a company statement, Sembcorp confirmed that it has received the Letter of Award (LOA) for this project, which will be built, owned, and operated by Sembcorp Green Infra. The solar photovoltaic project, along with the BESS, will provide on-demand power to support daily peak electricity for up to four hours, over a 25-year period.
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The project is expected to be commercially operational within 24 months from the date of signing the Power Purchase Agreement (PPA). It will be funded through a mix of internal funds and debt. This marks Sembcorp’s first hybrid solar and BESS project in India and brings the company’s gross renewables capacity in the country to nearly 6GW, which includes more than 2GW of greenfield projects secured in 2024.
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Globally, Sembcorp’s renewables capacity now totals 16.5 GW, including a 49 MW acquisition that is pending completion. The company clarified that the award of the project is in line with its ordinary course of business and will not have a material impact on its earnings per share or net tangible assets per share for the financial year ending December 31, 2024.
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This project highlights Sembcorp’s continued expansion in India’s renewable energy sector, underscoring the company’s commitment to supporting the country’s energy transition with sustainable and reliable solutions.
(With PTI Inputs)
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