Sembcorp Industries’ wholly-owned renewables subsidiary Green Infra Wind Energy Limited (GIWEL) has received the Letter of Award for a 450MW interstate transmission system (ISTS) connected wind-solar hybrid project from Solar Energy Corporation of India Ltd (SECI).
This brings Sembcorp’s gross renewables portfolio in India to 4.2GW and its gross renewables capacity to 13.5GW globally.
The project is part of a 2GW bid issued by SECI to develop ISTS-connected wind-solar hybrid power projects throughout India.
Upon its completion, power output from the project will be sold to SECI under a 25-year long-term power purchase agreement (PPA). The project is expected to be ready for commercial operation within 24 months from the date of signing of the PPA.
Shares in Sembcorp closed 5 cents lower or 0.93% down at $5.31 on Jan 23.
