Sembcorp Industries (Sembcorp)

Environmental, Social and Governance

Sembcorp and NYSE-listed Bloom Energy to bring low-carbon solutions to Singapore

Shares in Sembcorp closed 3 cents lower or 0.59% down at $5.06 on June 6.

Sustainability

Sembcorp enters into MOU to supply Japan with green ammonia produced in India

Shares in Sembcorp closed 10 cents lower or 1.94% down at $5.06 on Dec 18.

Sustainability

Sembcorp receives Letter of Award for 300MW solar project in India

The project is expected to be ready for commercial operation in 2026.
Sembcorp awarded JTC tender for Singapore's largest public solar power project to date - THE EDGE SINGAPORE

Environmental, Social and Governance

Sembcorp awarded JTC tender for Singapore's largest public solar power project to date

Sembcorp will solarise interim vacant land and rooftops of five buildings on Jurong Island with a contracted capacity of 117MWp.

Sustainability

Sembcorp to acquire 428MW of wind assets in China and India for $200 mil

Upon completion of these acquisitions, Sembcorp’s gross renewables capacity will reach 12.6GW globally.

Sustainability

Sembcorp to add 245MW of renewable energy to Vietnam portfolio for up to $218 mil

The transaction is expected to be completed in 1H2024.

Broker's Calls

Analysts keep 'buy', 'add' and 'accumulate' calls on Sembcorp after $14 bil renewable energy solution plan announced

Sembcorp will fund these initiatives without equity fundraising, but analysts believe in its strong operating cash flow.
Sembcorp announces strategic plan for 2023 to 2028; targets 25GW of gross installed renewables capacity by 2028 - THE EDGE SINGAPORE

Sustainability

Sembcorp announces strategic plan for 2023 to 2028; targets 25GW of gross installed renewables capacity by 2028

Shares in Sembcorp closed 12 cents higher or 2.54% up at $4.84 on Nov 3.

Sustainability

Sembcorp and Indonesia’s Persero sign joint development study agreement on green hydrogen production and export

Shares in Sembcorp closed 2 cents higher or 0.44% up at $4.60 on Oct 24.
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