Sembcorp Signs Renewable Energy Deal with GSK

Sembcorp Industries (SG:U96) has released an update.

Sembcorp Industries has clinched long-term power purchase agreements with GSK to provide up to 10MW of electricity and 87,600MWh of renewable energy certificates to GSK’s Singapore manufacturing sites, aiding GSK in reaching its 100% renewable electricity goal by 2025. These agreements, which extend for up to a decade, underscore Sembcorp’s role as a significant renewable energy player in Asia and are set to kick off at the start of 2025 without materially affecting Sembcorp’s financial outcomes for the year.

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