Sembcorp Industries, through its subsidiary Sembcorp Green Infra (SGIPL), has secured a Letter of Award from SJVN Limited for a 150MW solar power project with a 300MWh battery energy storage system (BESS).
This project is part of SJVN’s 1.2GW solar tender with BESS. Subject to signing a 25-year power purchase agreement (PPA), the project will supply solar energy and support peak demand for four hours daily, with commercial operations expected within 24 months of the PPA. The project will be funded through internal funds and debt.
This is Sembcorp’s second solar-storage hybrid project in India, raising its gross renewables capacity in India to 6.3GW, and globally to 17.7GW. The project is not expected to materially impact Sembcorp’s earnings per share or net tangible assets per share for FY2025.