- Earnings growth supported by the increase in Senoko Energy stake by 20% to 50% for S$69mil. There is room to improve earnings from lower cost of debt, a higher proportion of long-term contracts, and new capacity.
- Renewables growth to be supported by the 36% jump in installed capacity in 2H24. The complex hybrid projects in India will also drive margins from the higher electricity price. Curtailment in China is expected to remain elevated due to the surge in renewable capacity outpacing demand.
Key Highlights
Raising the stake in Senoko Energy.
- - Read this at SGinvestors.io -
- located near energy intensive semiconductor facilities;
- land for new gas power plant;
- room to lower the cost of debt;
- - Read this at SGinvestors.io -
- The acquisition was made via a 28.6% stake in Lion Power, which holds a 70% stake in Senoko Energy. Senoko is currently jointly owned by Sembcorp and Marubeni Corporation.
More complex renewables in India.
- Read more at SGinvestors.io.
