2024-12-18 12:51:03 :
New Delhi, Dec 18 (PTI) Sembcorp Industries on Wednesday said its subsidiary Sembcorp Green Infrastructure has secured a 150 MW solar project along with a 300 MWh battery storage from Solar Energy Corporation of India (SECI) System (BESS).
The build-own-operate project is part of the tender issued by SECI for a 2GW Inter-State Transmission System (ISTS) connected solar power project with a 4GWh BESS, a company statement said.
Sembcorp Industries (Sembcorp), through its wholly-owned renewable energy subsidiary Sembcorp Green Infra Private Ltd (SGIPL), has secured a letter of award (LOA) statement for Solar’s 150 MW solar PV project and 300 MWh BESS (the project) Said, Energy Corporation of India Limited (SECI).
Subject to execution of the power purchase agreement (PPA) and upon completion of the project, BESS will provide power on demand to support peak electricity demand of four hours per day for a period of 25 years.
The project is expected to be ready for commercial operations within 24 months from the date of signing the power purchase agreement and will be funded through a mix of internal funds and debt.
This is Sembcorp’s first hybrid solar and BESS project in India, taking India’s total renewable energy capacity to nearly 6GW, including more than 2GW of greenfield projects won in 2024.
This brings Sembcorp’s global installed renewable energy capacity to 16.5 GW, including 49 MW of pending acquisitions.
The award of the project is part of the normal course of business and will not have a material impact on Sembcorp’s earnings per share and net tangible assets per share for the financial year ending December 31, 2024.
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