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Sembcorp nabs two rooftop solar facilities
They have a combined capacity of 2.3megawatts.
Sembcorp Industries announced that it has added two operating rooftop solar facilities in Singapore to its global renewable energy portfolio.
Sembcorp completed its purchase of 100% of Solar C&I Holdings (Solar C&I) for $3.3m from REC Solar. The transaction was made by the group's wholly-owned subsidiary Sembcorp Utilities.
Solar C&I owns grid-tied rooftop solar assets located at the premises of Asia Pacific Breweries Singapore (APB) and Stolthaven Singapore (Stolthaven). Already in operation, these assets provide power directly to APB and Stolthaven and have a combined capacity of 2.3 megawatts.
Sembcorp CEO and group president Neil McGregor said this is in line with Sembcorp’s goal to grow solar power capacity through more self-development and acquisition projects, and move into the emerging distributed solar energy market in Singapore.
He also noted that the acquisition will also complement our local electricity generation and retail capabilities in the country.
“This small but significant acquisition reinforces Sembcorp’s commitment to sustainability and supporting greener energy for Singapore, as the power market here moves towards full retail competition," he said.
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