Sembcorp Industries on Wednesday stated it has secured a 300 MW wind-solar hybrid project via its arm Sembcorp Green Infra from NTPC Ltd. The build-own-operate project is a part of a 1.2GW bid issued by NTPC, a state-owned energy large, an organization assertion stated.
Sembcorp Industries (Sembcorp), via its wholly-owned renewables subsidiary Sembcorp Green Infra Pvt Ltd, has acquired the Letter of Award (LOA) for a 300MW Inter-State Transmission System (ISTS) linked wind-solar hybrid energy project (the Project) from NTPC Ltd, based on the assertion.
Subject to the execution of a energy buy settlement (PPA) and upon completion of the project, energy output from the project will probably be offered to NTPC underneath a 25-year long-term PPA, it acknowledged.
The project is anticipated to be prepared for industrial operation inside 24 months from the date of signing the PPA and will probably be funded via a mix of inside funds and debt, the corporate knowledgeable.
With a secured capability of near 2GW from greenfield initiatives received since November 2023, Sembcorp’s gross renewables capability in India now stands at 5.4GW.
This brings Sembcorp’s world renewables capability to 16GW, together with a 49MW acquisition pending completion, it acknowledged.
The award of the Project is within the atypical course of enterprise and isn’t anticipated to have a fabric affect on the earnings per share and internet tangible property per share of Sembcorp Industries for the monetary yr ending December 31, 2024, it acknowledged.
