HomeRecent ArticlesSembcorp Completes Acceptance Tests For First Greenfield Renewables Project in Middle East

Sembcorp Completes Acceptance Tests For First Greenfield Renewables Project in Middle East

Following its earlier announcement on March 13, 2023, Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), announces that it has completed the acceptance tests to achieve the commercial operation of the Manah II Solar Independent Power Project (the Project) in Manah, Sultanate of Oman (Oman).

Following its earlier announcement on March 13, 2023, Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), announces that it has completed the acceptance tests to achieve the commercial operation of the Manah II Solar Independent Power Project (the Project) in Manah, Sultanate of Oman (Oman).

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This is more than four months ahead of its scheduled commercial operation date. The Project is Sembcorp’s first greenfield renewables development in the Middle East. With an installed peak capacity of 588MW, it is Sembcorp’s largest utility-scale solar farm in its global renewables portfolio.

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The Project is backed by a 20-year 500MW power purchase agreement with Nama Power and Water Procurement Company and will contribute to Oman’s energy transition goal to increase the contribution of renewable energy to 30% by 2030.

The Project is expected to be accretive to the earnings per share of Sembcorp and will not have a material impact on the net tangible assets per share of Sembcorp for the financial year ending December 31, 2024.

About Sembcorp Industries

Founded in 1998, Sembcorp Industries (Sembcorp) is a leading energy and urban solutions provider, led by its purpose to drive energy transition. Headquartered in Singapore, Sembcorp delivers sustainable solutions to support energy transition and urban development by leveraging its sector expertise and global track record.

Sembcorp has a balanced energy portfolio of 25.4GW, including 16.0GW of gross renewable energy capacity, across 10 countries*. Its urban development projects span over 14,000 hectares across Asia and have generated over 377,000 employment opportunities and attracted close to US$50 billion of investment capital.

Sembcorp is listed on the main board of the Singapore Exchange. It is a constituent stock of FTSE Russell Index, MSCI Singapore Index, Straits Times Index as well as sustainability indices including FTSE4Good Index, iEdge SG ESG indices and several MSCI ESG indices.

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