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Sembcorp to acquire UK Power Reserve for $385 mil

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Sembcorp to acquire UK Power Reserve for $385 mil

Samantha Chiew Published on Thu, May 31, 2018 / 12:33 PM GMT+8

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SINGAPORE (May 31): Sembcorp Industries is acquiring UK Power Reserve (UKPR) for £216 million ($385 million).

UKPR is UK’s largest flexible distributed energy generator. It owns and operates a portfolio of highly flexible distributed energy generation projects across 32 locations in England and Wales, with 533MW in operation and a further 480MW in construction and under development.

This combined portfolio of over 1,000MW comprises small-scale, fast-ramping power generation assets and rapid response batteries.

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