Sembcorp Industries expands renewable energy business in China

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Sembcorp Industries expands renewable energy business in China

Sembcorp Industries continues its expansion in the renewable energy business with the development of two wind farms in Huanghua, Hebei province (China).

Its proposal to build a 150-megawatt wind farm in Laoshibeihe was approved by the Hebei Development and Reform Commission while another wind farm with 48 megawatts power capacity in Jiedijianhe commenced operation.

Through its 49%-owned joint venture with Guohua Energy Investment Co, Sembcorp’s investments in the two farms bring its total wind power capacity in Huanghua to 297 megawatts.

Sembcorp will be commencing the construction of the approximately RMB1.3 billion (USS$212.4 million) wind farm in Laoshibeihe this year. Sembcorp’s share of the equity investment will amount to around RMB 200 million (US$32.7 million), which will be funded through a mix of internal and external borrowings. The project is expected to be completed by the second half of 2017.

The RMB455 million (US$74.3 million) wind farm in Jiedijianhe has begun supplying power to the Hebei South grid. Twenty four wind turbines with power capacity of 2,000 kilowatt each were installed.

Sembcorp currently has a total of 446 megawatts wind power capacity in operation and under development in the country.

Sembcorp has a growing international renewable energy portfolio of over 1,200 megawatts, comprising wind, solar, energy-from-waste and biomass power assets in Singapore, China, India and the United Kingdom.

 

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