11 Mar 2024
Singapore's green energy giant, Sembcorp Industries, has just bagged a massive 440 MW wind-solar hybrid project in India!
This exciting development marks a significant leap forward in the company's renewable energy portfolio.
Here's the scoop on this sun-and-wind powered victory:
Project Powerhouse: The project boasts an impressive capacity of 440 MW, strategically combining wind and solar power generation for a reliable and sustainable energy source.
Long-Term Partnership: Sembcorp's subsidiary, Green Infra Wind Energy Ltd (GIWEL), will secure the project through a 25-year power purchase agreement (PPA) with SJVN Ltd, a major Indian power producer.
Ready to Roll in 24 Months: The project is expected to be operational within 24 months of finalizing the PPA, bringing clean energy online swiftly.
Funding Mix: Sembcorp will leverage a combination of internal resources and debt financing to bring this project to life.
Green Giant Grows Greener: With this win, Sembcorp's global renewable energy capacity reaches a staggering 14.3 GW, solidifying their position as a frontrunner in the clean energy race.
This wind-solar hybrid project is a shining example of Sembcorp's commitment to sustainable energy solutions. By harnessing the power of both wind and solar, this project will provide clean and reliable power while contributing to India's renewable energy goals.