Singapore: Sembcorp Industries has announced that its wholly-owned subsidiary, Sembcorp Utilities, has signed agreements to acquire a 60% stake in Green Infra, a renewable energy company in India with a wind and solar portfolio, for S$227m.
“This acquisition marks Sembcorp’s entry into India’s attractive renewable energy market, and is a major step in the company’s strategy to grow its renewable energy business,” the company said in a release.
“With investments in both thermal and renewable energy, Sembcorp is well-positioned for growth in the energy sector with a balanced portfolio of energy assets,” said Tang Kin Fei, president and ceo of Sembcorp Group. [12/02/15]
