Singapore’s Sembcorp Launches REC Trading Platform

Singapore’s Sembcorp Launches REC Trading Platform

Sembcorp Industries, a Singapore-based renewable energy company, has launched a renewable energy certificate (REC) trading platform that manages RECs from multiple sources. RECs are tradable renewable assets that can be ...
/ / Grid, Other
Sembcorp Set to Acquire Remaining 6% Stake in its Indian Subsidiary

Sembcorp Set to Acquire Remaining 6% Stake in its Indian Subsidiary

Singapore-based renewable company Sembcorp Industries (Sembcorp) has announced that it will acquire the remaining 5.95% stake in its Indian arm, Sembcorp Energy Ltd. (SEIL) for ₹4,060 million ($56.9 million). According ...
/ / Finance and M&A, Solar
Sembcorp’s India Business Records 46% Jump in Net Profit During First Half of 2019

Sembcorp’s India Business Records 46% Jump in Net Profit During First Half of 2019

Sembcorp Industries, a Singapore-based renewable energy company, has announced a net profit of $137.8 million (₹ 9.8 billion) in the first half of 2019 (1H2019), up from $114.7 million (₹8.2 ...
/ / Other, Wind