Felicia Tan Wed, Jun 15, 2022
Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Utilities, has been appointed by the Energy Market Authority (EMA) to build, own and operate 200MW/200MWh of energy storage systems on Jurong Island.
The project is expected to be completed by the end of the year.
The appointment now brings Sembcorp’s battery storage portfolio in Singapore and the UK to 474MW / 624MWh, establishing it as one of Asia’s largest battery operators.
This brings Sembcorp’s total renewables portfolio to 7.0GW in operation and under development globally.
The group says it remains focused on its 2025 target of 10GW gross installed renewable energy capacity.
As at 12.25pm, shares in Sembcorp are trading flat at $2.80.