Semcorp to acquire 428 MW of wind assets in China and India

Sembcorp Industries Limited has signed two separate agreements to acquire a total of 428 MW of wind assets in China and India. The company’s wholly owned subsidiary, Green Infra Wind Energy Limited (GIWEL), has signed an agreement with Leap Green Energy Private Limited, an independent power producer in Tamil Nadu, to acquire 100 per cent of the share capital in two SPVs for an equity consideration of approximately $70 mi­llion. Further, Sembcorp Energy (Shanghai) Holding Company Limited has signed an agreement with Envision Energy Company Limited to ac­qu­ire 100 per cent of the share capital in Qinzhou Yuanneng Wind Power Co. Ltd Qin­zhou Yuanneng for an equity consideration of approximately $130 million.