Sembcorp bags 300MW wind-solar hybrid project from NTPC

Published On : 2024-11-27T14:29:13+0530 [ IST ] | Author : Mayur_Tembhare
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SembcorpIndustries said it has secured a 300 MW wind-solar hybrid project through its arm Sembcorp Green Infra from NTPCLtd. The build-own-operate project is part of a 1.2 GW bid issued by

Sembcorp Industries (Sembcorp), through its wholly-owned renewables subsidiary Sembcorp Green Infra Pvt Ltd has received the Letter of Award (LOA) for a 300MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power

Subject to the execution of a power purchase agreement and upon completion of the project, power output from the project will be sold under a 25-year long-term PPA to NTPC.

The project is expected to be ready for commercial operation within 24 months from the date of signing the PPA and will be funded through a mixture of internal funds and debt.

With a secured capacity of close to 2GW from greenfield projects won since November 2023 Sembcorp's gross renewables capacity in India now stands at 5.4GW.

This brings Sembcorp's global renewables capacity to 16GW including a 49MW acquisition pending completion.

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

Source : Reporters From Sunrise Chronicles

Tags : Project , Award , The , capacityowned renewables subsidiary sembcorp green infra pvt ltd , Sembcorp Industries , With , Sembcorp , Subject , Sembcorp Green Infra , Inter ,

Summary :

SembcorpIndustries said it has secured a 300 MW wind-solar hybrid project through its arm Sembcorp Green Infra from NTPCLtd. The build-own-operate project is part of a 1.2 GW bid issued by

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