M&A

M&A

Singapore's Sembcorp to monetise India assets; expand renewable energy capacity

Economic Times  

Singapore utility group Sembcorp Industries plans to monetise some of its operational assets in India over the next 12-18 months and aims to grow its renewable energy capacity through organic and inorganic routes. Last month, Sembcorp announced a strategic plan to shift its portfolio from conventional energy to renewable energy by quadrupling the green energy capacity to 10 GW by 2025 from 2.6 GW in 2020. The company's India portfolio will grow in line with the global target, with focus on solar energy projects. The company will bid for solar power projects backed by the central and state governments. It is scouting for acquisitions as well.