Sembcorp Secures Singapore’s Largest Solar Power Project

Sembcorp Industries’ subsidiary, Sembcorp Solar Singapore, has secured a significant milestone by winning a tender from JTC to solarise interim vacant land and rooftops across five buildings on Jurong Island. The contracted capacity for this project amounts to 117MWp (80MW), marking the largest project by capacity awarded by a public sector agency in Singapore to date.

With over 25 years of experience in providing centralized sustainability solutions in energy, water, waste, and land use on Jurong Island, Sembcorp has been a pivotal player. Recent initiatives include the establishment of the 285-megawatt-hour Sembcorp Energy Storage System and the anticipated launch of a 600MW hydrogen-ready power plant by 2026. These developments are poised to bolster Singapore’s grid resilience and aid in the power sector’s decarbonization efforts.

As Singapore’s largest solar and battery developer and operator, Sembcorp is strategically positioned to bolster the Singapore Green Plan 2030’s goals, particularly in transforming Jurong Island into a sustainable energy and chemicals park. Globally, Sembcorp boasts a gross renewables capacity of 12.7GW, with a pending acquisition of a further 473MW.

While this tender award marks a significant achievement, it’s projected not to have a substantial impact on Sembcorp’s earnings per share and net tangible assets per share for the financial year ending December 31, 2023.