Sembcorp Industries has signed agreements with Wuling Power, a subsidiary of State Power Investment Corporation Limited (SPIC), to acquire a 45.3% stake in Hunan Xingling New Energy for RMB1.058 million (US$152.3 million).
Xingling New Energy will own 830 MW of existing wind and solar capacity and 62 MW under development in Hunan and Guizhou. Wuling Power will own the remaining 54.7% stake.
Sembcorp is a Singaporean company that owns a balanced energy portfolio of over 12.7 GW, with more than 3.2 GW of renewable energy capacity comprising solar, wind, and energy storage globally.
ESR Group Limited has partnered with the Export-Import Bank of China for the closing of the US$1 billion China-ASEAN Investment Cooperation Fund (CAF II).
Read moreESR Group Limited has partnered with the Export-Import Bank of China for the closing of the US$1 billion China-ASEAN Investment Cooperation Fund (CAF II). CAF II has received the total amount from th...
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Read moreSembcorp Industries has signed share purchase agreements with BEI Energy Development (Beijing) Co., Ltd. for the acquisition of the entire equity interest in three Chinese solar projects with a combin...
Read moreLONGi has supplied high-efficiency Hi-MO 4 bifacial modules for the 9 MWp solar photovoltaic project located at Proton Tanjung Malim car manufacturing plant in Malaysia. The project c...
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