Singaporean company Sembcorp Industries has grown its portfolio of renewable operations under development or in operation to more than 3 gigawatts with a new contract award in India.
Sembcorp revealed Friday its subsidiary Sembcorp Energy India Ltd (SEIL) had secured a letter of award for a 400-megawatt solar power project in the Rajasthan region of India from the Solar Energy Corporation of India (SECI).
The project will be connected to the state’s transmission utility, Rajasthan Rajya Vidyut Prasaran Nigam, and the entire output will be sold to SECI under a 25-year long-term power purchase agreement.
“We are pleased to secure the 400MW utility scale solar project in Rajasthan, another step towards transforming our portfolio,” Sembcorp chief executive Wong Kim Yin said.
“India is a key market and we will continue to provide sustainable solutions to contribute to the nation’s clean energy mission.”
The project is expected to be ready for commercial operation by mid-2022 and Sembcorp stated it would fund the project through a mixture of internal funds and debt.
Sembcorp also noted that the award now means it has a renewables portfolio of over 3GW in operation and under development across Singapore, China and India.