SINGAPORE: Sembcorp industries the leading energy, water and marine group has signed agreements to acquire stakes in Green Infra, a renewable energy company in India with a wind and Solar portfolio.
This acquisition will help Sembcorp to enter India’s renewable energy market. It is a major step taken by the company to grow its renewable energy business.
“This acquisition will provide Sembcorp with the platform to grow renewable energy business. Green Infra’s strong capabilities will help us to accelerate our growth in the renewable energy sector not only in India, but globally,” said Tang Kin Fin, group president and CEO.
The acquisition will also provide Sembcorp with Solar power capabilities, and broadens the technology mark of Sembcorp current renewable energy portfolio beyond wind, biomass and energy from waste.
– Beacon Bureau