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The blue-chip utility group is building up its renewables capacity and sees good prospects ahead. The post Sembcorp Industries Reported a 56% Jump in Net Profit and Upped its Dividend: 5 Highlights from the Utility Giant’s Latest Earnings appeared first on The Smart Investor.
Sembcorp Green Infra has signed the agreement to acquire Mumbai-based renewable power producer Vector Green, which has a cumulative 583 MW of solar and wind portfolio in India.
Sembcorp Green Infra has agreed to acquire Mumbai-based renewables producer Vector Green, which has a 583 MW solar and wind portfolio in India.
Singapore-listed utility company Sembcorp Industries Ltd on Sunday said it will acquire clean energy platform Vector Green Energy for Rs 2,780 crore to expand its renewable energy footprint in India to 3 gigawatts (GW). Vector Green Energy, owned by funds managed by the Indian subsidiary of Global Infrastructure Partners, has 519 megawatts of operational (495 MW solar and 24 MW wind) and 64 MW
Sembcorp Industries has signed an agreement to acquire Vector Green Energy for a base equity consideration of around $345 million.