Sembcorp bags 150 MW renewable hybrid project in India

The project is under a 25-year PPA with SJVN.

Sembcorp Industries has been awarded a 150 megawatt (MW) solar power project with a 300 megawatt-hour battery energy storage system (BESS) in India, its second in the country.

In a bourse filing, Sembcorp said the project was secured through its wholly-owned renewables subsidiary Sembcorp Green Infra Private Limited. This is a build-own-operate project that is part of SJVN’s 1.2 gigawatt (GW) tender for Inter State Transmission System-connected solar projects with 600 MW/2.4 gigawatt-hour of BESS capacity.

The project is under a 25-year power purchase agreement (PPA) with SJVN. Upon its completion, it will supply solar power and support peak electricity demand for four hours daily through the BESS.

The project will be funded by a mix of internal funds and debt. Commercial operations are expected to begin within 24 months from the date of signing the PPA.

Following this development, Sembcorp’s gross renewables capacity in India has increased to 6.3 GW. Globally, Sembcorp’s total renewables portfolio has reached 17.7 GW, including acquisitions pending completion.

The award of the project is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending 31 December 2025.

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