Sembcorp luggage 300MW wind-solar hybrid challenge from NTPC – Occasions of India

Sembcorp Industries on Wednesday mentioned it has secured a 300 MW wind-solar hybrid challenge by its arm Sembcorp Inexperienced Infra from NTPC Ltd. The build-own-operate challenge is a part of a 1.2GW bid issued by NTPC, a state-owned energy big, an organization assertion mentioned.
Sembcorp Industries (Sembcorp), by its wholly-owned renewables subsidiary Sembcorp Inexperienced Infra Pvt Ltd, has obtained the Letter of Award (LOA) for a 300MW Inter-State Transmission System (ISTS) linked wind-solar hybrid energy challenge (the Mission) from NTPC Ltd, in keeping with the assertion.
Topic to the execution of a energy buy settlement (PPA) and upon completion of the challenge, energy output from the challenge will likely be bought to NTPC below a 25-year long-term PPA, it acknowledged.
The challenge is anticipated to be prepared for business operation inside 24 months from the date of signing the PPA and will likely be funded by a combination of inner funds and debt, the corporate knowledgeable.
With a secured capability of near 2GW from greenfield tasks gained since November 2023, Sembcorp’s gross renewables capability in India now stands at 5.4GW.
This brings Sembcorp’s world renewables capability to 16GW, together with a 49MW acquisition pending completion, it acknowledged.
The award of the Mission is within the unusual course of enterprise and isn’t anticipated to have a cloth influence on the earnings per share and internet tangible property per share of Sembcorp Industries for the monetary yr ending December 31, 2024, it acknowledged.