The latest announcement is out from Sembcorp Industries ( (SG:U96) ).
Sembcorp Industries has signed a 25-year Renewable Energy Purchase Agreement with Malkoha, a subsidiary of Meta Platforms, to build and operate a 150MWp floating solar photovoltaic system on Kranji Reservoir. This project will supply renewable energy to Meta’s operations in the region, including its data centers in Singapore, and is expected to begin construction in 2027, with no immediate impact on Sembcorp’s financials for 2025.
More about Sembcorp Industries
Sembcorp Industries is a company operating in the energy sector, focusing on renewable energy solutions. It provides services such as solar energy systems and aims to support sustainable energy initiatives.
YTD Price Performance: 18.81%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $8.43B
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