sembcorp industries

ESG INSIGHTS

Issue 180: Sembcorp shareholders vote on Alinta deal; new directorship institute launches

This week in ESG: Sembcorp acquisition’s coal exposure raises questions; GDInstitute offers alternative to Singapore Institute of Directors

The agreement is “not expected to have a material impact” on Sembcorp’s earnings per share and net tangible asset per share for FY2026.

Sembcorp expands Micron power deal to support AI growth

The chipmaker has begun construction on a Woodlands facility as part of a US$24 billion investment

LNG prices should be cut by nearly half to around US$7 per million British thermal units by 2027, says Morgan Stanley.
BROKERS’ TAKE

These Singapore winners can benefit from AI boom, power crunch: Morgan Stanley

A ‘glut’ of new LNG supply from the US and Qatar is set to hit Asian markets

The integration of Alinta’s coal assets in 2026 will reverse Sembcorp’s declining carbon emissions trend.

Sembcorp seeks shareholder approval for Alinta Energy buy at Jan 30 EGM

The acquisition will put the group off course for its 2028 emissions target

Sembcorp said Ninh Xuan 2 Industrial Park will adopt the “integrated township model”, combining modern industrial infrastructure with urban support services.

Sembcorp unit wins investment licence to develop Vietnam-Singapore Industrial Park

It aims to boost sustainable industrial growth in south-central Vietnam

The company acquired, ReNew Sun Bright, owns and operates a 300 megawatt solar power asset in India.

Sembcorp acquires Indian solar power project for S$246 million

The company’s gross renewable energy capacity installed and under development in India has now climbed to over 7.6 GW

As at end-2024, 68% of Sembcorp’s total energy portfolio came from installed, secured or under-construction renewable capacity.
HOCK LOCK SIEW

Sembcorp’s purchase of Alinta has green risks

Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition

Alinta’s indirect emissions exceed Sembcorp’s mostly due to contracted power purchased from a coal plant.
ESG INSIGHTS

Issue 175: Sembcorp courts still-brown Alinta; Asia can’t let coal go

This week in ESG: Sembcorp to buy Australian utility A$6.5 billion; coal phase-out fizzling out in Asia

Sembcorp says the move will add meaningful scale and diversification to its portfolio.
BROKERS’ TAKE

Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?

Sembcorp says the acquisition is driven by Alinta’s renewables pivot, not its Loy Yang B coal-fired power station

The move will add “meaningful scale and diversification to Sembcorp’s portfolio across renewables, energy storage and gas assets”, says the company.

Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal

The asset is country’s fourth-largest utilities provider with around 1.1 million customers