// Adds dimensions UUID, Author and Topic into GA4
Sunday, August 2, 2026
29.4 C
Singapore
type here...
Photo by Sembcorp Myingyan
SGX
Less than 1 min.Read

Sembcorp signs deal to buy PH company developing 96MW solar farm for S$105M

Mary Alavanza
By Mary Alavanza

SINGAPORE: On Friday, Jan 31, Sembcorp Industries announced that its subsidiary, Sembcorp Energy Philippines, has signed a deal to buy all shares of Puente Al Sol from CleanCurrent Renewable Energy Inc (CREI) for S$105 million.

According to The Edge Singapore, the purchase will be funded using Sembcorp’s internal cash and external borrowings.

Puente Al Sol is developing a 96MW solar farm in Cadiz, Philippines, and is set to start operations later this year. The deal is still subject to conditions, including regulatory approvals, and is expected to be completed in the second half of 2025.

This marks Sembcorp’s first step into the Philippines’ renewable energy market to expand its clean energy business in the region. Sembcorp does not expect a material impact on its earnings per share or net tangible assets for the financial year ending Dec 31, 2025.

Following the announcement, Sembcorp’s shares rose 2.76 per cent, closing at S$5.58 on Friday. /TISG

Read also: Sembcorp teams up with Odisha government to develop green hydrogen facility that will create 2,000 jobs

- Advertisement -
Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

In the Hood

Why do Singaporeans complain so often? Here’s what netizens had to say

Do Singaporeans complain too much? A Facebook user posed the question, and many shared their own views on why complaining has become such a common part of daily life.
In the Hood

Elderly man allegedly scolds Gen Z commuter over MRT seat until a ‘May I Have a Seat’ card appears

SINGAPORE: A Gen Z commuter wearing a yellow “May I have a seat” card allegedly refused to cave in after an elderly man demanded that he give up his seat on the MRT. A fellow commuter who witness...

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityInternational
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks