- Following Sembcorp (SGX:U96)’s proposed transaction to acquire 245MW of operational renewable wind, solar and hydropower assets to its current portfolio in Vietnam and expand its renewables presence in the country to over 450MW, Sembcorp has also announced that it has signed two separate agreements to acquire a total of 428MW of wind assets in China and India.
Acquiring assets to grow renewables capacity
- - Read this at SGinvestors.io -
- Upon completion of these acquisitions, Sembcorp’s gross renewable capacity will reach 12.6GW globally.
Renewables capacity of 26GW by 2028
- - Read this at SGinvestors.io -
- Sembcorp also plans to reduce its greenhouse gas (GHG) emissions intensity to 0.15 tCO2e/MWh by 2028, half of its forecasted 2023 levels of 0.30 tCO2e/MWh. Gas will continue to be leveraged on as a transition fuel to fund renewables growth.
Reaffirming commitment to transform portfolio from brown to green
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2023-12-06
Read also OCBC's most recent report:
2024-11-21 Sembcorp Industries - Encouraging Demand Underpinnings.
Previous report by OCBC:
2024-06-03 Sembcorp Industries - Positive Structural Demand Drivers.
Price targets by other brokers at Sembcorp Target Prices.
Listing of research reports at Sembcorp Analyst Reports.
Relevant links:
Sembcorp Share Price History,
Sembcorp Announcements,
Sembcorp Dividends & Corporate Actions,
Sembcorp News Articles
