<div id="readability-page-1"><div>[SINGAPORE] Sembcorp Industries on Friday (Dec 26) announced that it completed its acquisition of Indian solar power company ReNew Sun Bright, through its wholly owned subsidiary Sembcorp Green Infra. This marks another step in the group’s pivot towards green energy.The S$246 million deal, first announced in October, brings the group closer to its target of achieving 25 gigawatts (GW) of gross installed renewable capacity by 2028, said Citi analyst Luis Hilado.Sembcorp also has a 2028 target of 0.15 tonne of carbon dioxide equivalent per megawatt hour of power generated, with recent projections putting its carbon emissions intensity on a downward trajectory – though it is now off track after its Alinta Energy acquisition.ReNew Sun Bright owns and operates a 300 megawatt solar power asset in Rajasthan, India. This project started commercial operations in November 2021 and operates under a 25-year power purchase agreement with the Maharashtra State Electricity Distribution Company.The acquisition was funded through a combination of internal cash resources and external borrowings.“The company has indicated that the acquisition will contribute to the long-term return on equity of 10 per cent for renewables,” said Hilado in an October note, shortly after the deal was announced. He added that Sembcorp indicated that the expected returns aligned with its target range for investments in India, which was in the low-to-mid double digits. Hilado noted that the renewables segment contributed 17 per cent of profit after tax and minority interest in the 2024 financial year, compared to gas and related services at 71 per cent, which he forecast to grow to about 23 per cent by 2028.Sembcorp’s gross renewable energy capacity installed and under development in India has now climbed to over 7.6 GW. Globally, its renewables portfolio stands at 20.2 GW – including the acquisition of Australia’s Alinta Energy.The Alinta Energy acquisition was announced in December and will add about 3.4 GW to Sembcorp’s power generation capacity.In October, Sembcorp also unveiled Singapore’s largest ground-mounted solar project on the island, the Jurong Island Solar Farm, with an installed capacity of 118 megawatt-peak. Shares of Sembcorp rose 0.2 per cent or S$0.01 to close at S$6 on Wednesday.</div></div>

勝科工業

勝科工業已通過其子公司勝科綠色基礎設施完成對印度太陽能公司 ReNew Sun Bright 的收購，交易金額為 2.46 億新加坡元。這項收購與勝科到 2028 年實現 25 吉瓦可再生能源產能的目標相一致。ReNew Sun Bright 在印度拉賈斯坦邦運營一項 300 兆瓦的太陽能資產。預計這項收購將為可再生能源帶來 10% 的長期股本回報。勝科的全球可再生能源組合目前達到 20.2 吉瓦

勝科工業以 2.46 億新加坡元收購印度的太陽能項目