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Sembcorp Continues to Grow Solar Footprint -- Market Talk

12 Jul 2017 4:39 am

0439 GMT - Sembcorp Industries (U96.SG) has bought 2 in-operation rooftop solar-energy facilities in Singapore for S$3.3 million ($2.4 million). While small monetarily, the move comes ahead of Singapore's power market becoming fully competitive on the retail side. The conglomerate now owns 2,000 megawatts--equal to the average annual usage of 350 Singapore residences--of renewable-energy and waste-to-energy capacity in Singapore, China, India and the UK. The holdings position Sembcorp to tap industry growth amid a global push to become more environmentally conscious. (gaurav.raghuvanshi@wsj.com)
 

(END) Dow Jones Newswires

July 12, 2017 00:39 ET (04:39 GMT)

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