Sembcorp Industries announced that it has, through its wholly-owned subsidiary Sembcorp Energy (Shanghai) Holding Co Ltd, signed an equity transfer agreement with China state-owned investment holding company, State Development Investment Corporate Group’s Shanghai SDIC Xieli Development Equity Fund Partnership, to take over its 35% interest in SDIC New Energy for an equity consideration of approximately RMB 1.5 billion. SDIC New Energy’s portfolio consists of 30 operational wind and solar PV assets with a total gross installed capacity of about 1.9GW located across seven provincial regions in China. SDIC Power, the public-listed power arm of SDIC, is the remaining 65% shareholder of SDIC New Energy.
Sembcorp Industries announced that it has, through its wholly-owned subsidiary Sembcorp Energy (Shanghai) Holding Co Ltd, signed an equity transfer agreement with China state-owned investment holding company, State Development Investment Corporate Group’s Shanghai SDIC Xieli Development Equity Fund Partnership, to take over its 35% interest in SDIC New Energy for an equity consideration of approximately RMB 1.5 billion. SDIC New Energy’s portfolio consists of 30 operational wind and solar PV assets with a total gross installed capacity of about 1.9GW located across seven provincial regions in China. SDIC Power, the public-listed power arm of SDIC, is the remaining 65% shareholder of SDIC New Energy.
