Sembcorp unit to acquire Vector Green for $474m

Vector Green has renewable power generation assets across 13 Indian states.

Sembcorp Green Infra Limited, a wholly-owned subsidiary of Sembcorp Industries, has inked an agreement with India Infrastructure Fund II to acquire 100% interest in Vector Green Energy Private Limited for a base equity consideration of $474 million (INR27.8b).

Vector Green’s acquisition will expand Sembcorp’s gross renewables portfolio installed and under development in India to 3GW, comprising 1GW of solar assets and 2GW of wind assets.

The independent power producer has renewable power generation assets spread across 13 Indian states. Its portfolio includes 495MW of solar capacity and 24MW of wind capacity in operation, with 64MW of solar projects under development

"With the completion of this acquisition, Sembcorp's gross renewable energy capacity will increase to 8.5GW4, pushing us closer towards our 2025 target of 10GW,” Sembcorp Industries’ Group President & CEO, Wong Kim Yin, said.

Follow the link for more news on

Sembcorp Industries

Also Read

Sembcorp wins 150MW wind-solar hybrid power project in India

Mooreast subsidiary, NTOU sign MoU for marine energy research

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit