- Business
- Sembcorp Industries Ltd is a Singapore-based energy and urban solutions company founded in 1998 that operates primarily in Asia with an energy portfolio of 25.4 gigawatts, including 16.0 gigawatts from renewable sources across ten countries. Its core products and services include renewable energy generation through solar, wind, and hybrid systems; conventional power generation; industrial utilities; and urban development solutions encompassing large-scale sustainable projects spanning over 14,000 hectares. Sembcorp also provides integrated waste management, water management, and environmentally friendly urban infrastructure solutions. The company targets utilities customers, industrial clients, and urban development sectors, primarily in Singapore and the broader Asia-Pacific region.
Recent major developments involve strategic expansions and partnerships to advance its energy transition agenda. In 2024, Sembcorp successfully launched the Nusantara Sembcorp Solar Energi Power Plant, a 50MW solar farm combined with a 14MWh battery energy storage system, and secured over 2 gigawatts of hybrid renewable energy contracts in India, including its first energy storage project in the country. It completed the acquisition of an additional 28.6% stake in Lion Power (2008) Pte. Ltd., increasing its stake in Senoko Energy to 50%, valued at SGD 72 million, enhancing its foothold in Singapore's energy market. Furthermore, the company entered strategic collaborations with Bloom Energy to deploy low-carbon solid oxide fuel cell technology and with Japanese partners for green hydrogen, battery storage, and net-zero industrial park developments. It also formalized a long-term renewable energy supply agreement with Equinix, increasing contracted capacity to 133.5MWp for data center power in Singapore. In late 2024, Sembcorp agreed to divest its environmental services subsidiary to SBT Investment 2 Pte. Ltd. for approximately SGD 410 million, consistent with a strategic focus on core urban and energy businesses. The company plans to invest about SGD 700 million in its Integrated Urban Solutions segment through 2028 to pioneer low-carbon industrial parks and urban developments.
Sembcorp Industries is controlled about 50% by Singapore’s Temasek Holdings and remains headquartered in Singapore, serving a diverse customer base with a comprehensive suite of sustainable energy and urban solutions to support global energy transition and urbanization trends.