Sembcorp Enters BESS Market In India, RE Capacity Touches 6 GW

Sembcorp Industries (Sembcorp) today announced receiving a Letter of Award (LoA) for a 150 MW solar photovoltaic project coupled with a Battery Energy Storage System (BESS) of 300MWh. The Singapore-based company secured this award from the Solar Energy Corporation of India Ltd (SECI) through its subsidiary Sembcorp Green Infra Private Limited (SGIPL). 

The Build-Own-Operate (BOO) project is part of a bid for 2GW Inter-State Transmission System (ISTS)–connected solar power projects with 4GWh of BESS, issued by SECI. This BESS will provide on-demand power to support daily peak electricity for four hours, over a 25-year period. 

The project is expected to be ready for commercial operation within 24 months from the date of signing the PPA. It will be funded through a mixture of internal funds and debt. This is Sembcorp’s first solar and BESS hybrid project in India and brings the gross renewables capacity in India to almost 6GW, including over 2 GW of greenfield projects won in 2024. This brings Sembcorp’s global renewables capacity to 16.5 GW, including a 49 MW acquisition pending completion. 

The award of the project is in the ordinary course of business and will not have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending December 31, 2024

Recent clean projects 

Sembcorp Industries (Sembcorp), renewables subsidiary Sembcorp Green Infra Private Limited, earlier this year had also received the Letter of Award (LOA) for a 300 MW clean energy project. It secured the Inter-State Transmission System (ISTS) connected wind-solar hybrid power project from NTPC.

The power output from the project will be sold to NTPC under a 25-year long-term PPA. The Project is expected to be ready for commercial operation within 24 months from PPA signing. This project will be funded through a mixture of internal funds and debt. The build-ownoperate Project is part of a 1.2GW bid issued by NTPC.