Singapore: Sembcorp nabs two rooftop solar facilities

Singapore: Sembcorp nabs two rooftop solar facilities

Sembcorp Industries announced that it has added two operating rooftop solar
facilities in Singapore to its global renewable energy portfolio.

Sembcorp completed its purchase of 100% of Solar C&I Holdings (Solar C&I)
for $3.3m from REC Solar. The transaction was made by the group's
wholly-owned subsidiary Sembcorp Utilities.

Solar C&I owns grid-tied rooftop solar assets located at the premises of
Asia Pacific Breweries Singapore (APB) and Stolthaven Singapore
(Stolthaven). Already in operation, these assets provide power directly to
APB and Stolthaven and have a combined capacity of 2.3 megawatts.

Sembcorp CEO and group president Neil McGregor said this is in line with
Sembcorp's goal to grow solar power capacity through more self-development
and acquisition projects, and move into the emerging distributed solar
energy market in Singapore.

He also noted that the acquisition will also complement our local
electricity generation and retail capabilities in the country.

"This small but significant acquisition reinforces Sembcorp's commitment to
sustainability and supporting greener energy for Singapore, as the power
market here moves towards full retail competition," he said.

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Link to Original Article:
http://asian-power.com/project/news/sembcorp-nabs-two-rooftop-solar-faciliti
es

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com