896 views
Photo from Sembcorp Industries

Sembcorp completes acquisition of 3 solar projects in China

The assets have a total capacity of 795MW.

Beijing Energy Sembcorp (Hainan) International Renewables Company Limited, a 49%-owned joint venture of Sembcorp Industries, has completed the acquisition of three solar assets in China.

In a bourse filing, Sembcrop acquired the three projects with a total capacity of 795MW from BEI Energy Development (Beijing) Co., Ltd.

Sembcorp’s renewables portfolio of solar, wind and energy storage in operation and under development globally now stands at 9.8GW, following the completion of the acquisition.

The total also includes acquisitions pending completion. 

“This acquisition will be accretive to earnings for the financial year ending December 31, 2023,” the company said.
 

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

September surge masks looming export slowdown to 6% in 2027
Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.
Economy