Sembcorp Wins 150 MW ISTS-Connected Wind-Solar Hybrid Power Project from SECI
Sembcorp Industries' renewables subsidiary, Sembcorp Green Infra, has received a Letter of Award (LOA) for a 150 MW ISTS-connected wind-solar hybrid project from SECI.
October 18, 2024. By Mrinmoy Dey
Sembcorp Industries has announced that the company’s wholly-owned renewables subsidiary Sembcorp Green Infra has received a Letter of Award (LOA) for a 150 MW Inter State Transmission System (ISTS) connected wind-solar hybrid power project from Solar Energy Corporation of India Ltd. (SECI). The build-own-operate Project is part of a 600 MW tender issued by SECI.
Subject to the execution of a power purchase agreement (PPA) and upon completion of the Project, power output from the project will be sold to SECI under a 25-year long-term PPA.
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 this award, Sembcorp’s gross renewables portfolio in India stands at 4.9 GW. This brings Sembcorp’s gross renewables capacity globally to 14.6 GW, including a 49 MW acquisition pending completion.
Subject to the execution of a power purchase agreement (PPA) and upon completion of the Project, power output from the project will be sold to SECI under a 25-year long-term PPA.
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 this award, Sembcorp’s gross renewables portfolio in India stands at 4.9 GW. This brings Sembcorp’s gross renewables capacity globally to 14.6 GW, including a 49 MW acquisition pending completion.
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