Sembcorp to invest $10.5 billion in renewable energy over next 5 years

SINGAPORE – Sembcorp Industries will invest about $10.5 billion in renewables, it said on Monday in its 2023-2028 strategic plan announcement.

The investment comes as the energy player looks to grow its gross installed renewable capacity and halve its emission intensity by 2028.

The $10.5 billion sum translates to 75 per cent of its 2024 to 2028 total investments.