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The latest announcement is out from Sembcorp Industries ( (SG:U96) ).
Sembcorp Industries, through its subsidiary PT Sembcorp Renewables Indonesia, has launched the first utility-scale integrated solar and energy storage project in Nusantara, Indonesia. This project, developed in collaboration with PT PLN Nusantara Renewables, features a 50MW solar farm paired with a 14.2MWh battery energy storage system, signifying Sembcorp’s significant step into large-scale solar projects in the region. This initiative represents a strategic advancement in Sembcorp’s renewable energy expansion and positions them as a key player in Indonesia’s transition to sustainable energy solutions.
More about Sembcorp Industries
Sembcorp Industries is involved in the renewable energy sector, offering integrated solutions including solar and energy storage projects. Their market focus includes large-scale solar developments, with operations expanding into regions like Indonesia.
YTD Price Performance: 1.49%
Average Trading Volume: 5,640
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.34B
For detailed information about U96 stock, go to TipRanks’ Stock Analysis page.
