Sembcorp to double renewable energy portfolio in China with $520m acquisition
Sembcorp Energy (Shanghai) Holding, a subsidiary of Singapore-based Sembcorp Industries, has announced its agreement to purchase a 98% stake in a portfolio of operational wind and solar photovoltaic (PV) assets in China for approximately $520 million (around RMB 3.3 billion). This strategic acquisition from CGN Capital Partners Infrastructure Fund III and its affiliates marks a […]