Sembcorp Acquires 98% Stake in a 658 MW Wind, Solar Portfolio in China for $517 Million

The company’s renewables portfolio in China will double to 1,400 MW

November 16, 2021

/ Arjun Joshi
/ Finance and M&A, Renewable Energy
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Singapore-based renewable energy company Sembcorp Industries, through its 100% subsidiary Sembcorp Energy (Shanghai), has acquired a 98% stake in a 658 MW portfolio of operational wind and solar photovoltaic (PV) assets from GCN Capital Partners Infrastructure Fund III and its affiliates for RMB 3.3 billion (~$517 million).

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Arjun Joshi

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AcquisitionChinaSembcorpSolarwind
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