The deal was to be funded from a mixture of borrowings and Sembcorp’s cash holdings.
In a bourse filing on New Year’s Eve, utility and energy company Sembcorp Industries has announced that its acquisition of Puente Al Sol has been delayed, “pending certain conditions precedent to be fulfilled”.
Puente Al Sol is a company developing a 96 MW solar farm in Cadiz, Philippines. Sembcorp announced in January 2025 that it was expanding into the Filipino renewable energy market by purchasing Puente Al Sol for $105 million from CleanCurrent Renewable Energy Inc.
