Sembcorp Industries announced on Thursday that its subsidiary, Sembcorp Green Infra, has successfully secured a 150 MW solar project. This project is part of SJVN’s 1.2 GW tender for solar projects connected to the Inter-State Transmission System (ISTS), which also includes a 600 MW/2.4 GWh battery energy storage system (BESS).
Through its wholly-owned renewables arm, Sembcorp Green Infra Pvt Ltd (SGIPL), Sembcorp has received the Letter of Award from SJVN Ltd for the 150 MW solar project, which will also feature a 300 MWh BESS. Once completed and upon the execution of a 25-year power purchase agreement (PPA), the project will deliver solar power and support peak demand for up to four hours each day through the energy storage system.
Commercial operations are expected to begin within 24 months from the signing of the PPA. The project will be financed through a combination of internal funds and debt. This marks Sembcorp’s second solar-energy storage hybrid project in India, bringing its total renewable capacity in the country to 6.3 GW. Globally, Sembcorp’s renewables portfolio now totals 17.7 GW, including projects in the pipeline.
The company noted that the project is not expected to have a significant impact on its earnings per share or net tangible assets per share for the financial year ending December 31, 2025. Sembcorp Industries (Sembcorp) is a leading provider of energy and urban solutions, driven by its core mission to accelerate the global energy transition.
Headquartered in Singapore, the company delivers innovative and sustainable solutions by harnessing deep sector expertise and a proven international track record. Sembcorp maintains a well-balanced energy portfolio totaling 25.1 gigawatts (GW), of which 17.0 GW is dedicated to renewable energy. Its operations span 11 countries, reinforcing its commitment to building a cleaner and more resilient energy future.
In addition to its energy business, Sembcorp has made significant strides in urban development, with projects covering nearly 14,800 hectares across Asia. These initiatives have collectively created over 414,000 jobs and attracted close to US$58 billion in investment capital. Listed on the main board of the Singapore Exchange, Sembcorp is recognized in major indices such as the FTSE Russell Index, MSCI Singapore Index, and Straits Times Index. It is also included in multiple sustainability benchmarks, including the FTSE4Good Index, iEdge SG ESG indices, and several MSCI ESG indices—reflecting its strong environmental, social, and governance (ESG) performance.
