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

Sembcorp Industries Limited has signed two separate agreements to acquire 428 MW of wind assets in China and India. Green Infra Wind Energy Limited (GIWEL), Sembcorp’s wholly owned subsidiary, has signed an agreement with Leap Green Energy Private Limited, an independent power producer in Tamil Nadu. Under the agreement, GIWEL will acquire 100 per cent of the share capital in two SPVs for an equity consideration of approximately $70 million.