Sembcorp Industries arm Green Infra Wind Energy has bagged a 450MW wind-solar hybrid power project from Solar Energy Corporation of India (SECI). The build-own-operate project is part of a 2GW bid issued by the SECI to develop Inter State Transmission System (ISTS)-connected wind-solar hybrid power projects throughout India, a company statement said.<\/p>\n
According to the statement, Sembcorp Industries, through its wholly-owned renewables subsidiary Green Infra Wind Energy Ltd (GIWEL), has received the letter of award for a 450MW ISTS-connected wind-solar hybrid power project from SECI.<\/p>\n
Upon completion, the power output from the project will be sold to SECI under a 25-year long-term power purchase agreement.<\/p>\n
The project is expected to be ready for commercial operation within 24 months from the date of the signing of the power purchase agreement and will be funded through a mixture of internal funds and debt.<\/p>\n
With this award, Sembcorp’s gross renewables portfolio in India stands at 4.2GW.<\/p>\n
This brings Sembcorp’s gross renewables capacity globally to 13.5GW, including 473MW of acquisitions pending completion.<\/p>\n
The award of the project is in the ordinary course of business and is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending December 31, 2024.<\/p>\n
This project will be the first hybrid project for Sembcorp in India. In India, Sembcorp is the first independent power producer to deliver on the SECI wind projects.<\/p>\n
Sembcorp Industries is a leading energy and urban solutions provider, driven by its purpose to play its part in driving energy transition towards a low-carbon future responsibly. Sembcorp has a balanced energy portfolio of 21.0GW, with 13.5GW of gross renewable energy capacity globally.<\/p>\n
The company is also an urban developer with a portfolio spanning over 14,000 hectares across Asia and has a proven track record of transforming raw land into urban developments.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sembcorp Industries arm Green Infra Wind Energy has bagged a 450MW wind-solar hybrid power project from Solar Energy Corporation of India (SECI). The build-own-operate project is part of a 2GW bid issued by the SECI to develop Inter State Transmission System (ISTS)-connected wind-solar hybrid power projects throughout India, a company statement said. According to the statement, Sembcorp Industries, through its wholly-owned renewables subsidiary Green Infra Wind Energy Ltd (GIWEL), has received the letter of award for a 450MW ISTS-connected wind-solar hybrid power project from SECI. Upon completion, the power output from the project will be sold to SECI under a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-631245","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/631245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=631245"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/631245\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=631245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=631245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=631245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}