Sembcorp Partners for Singapore’s First Renewable Energy Import
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
0mins
Source: Business Insider
Sembcorp Industries Agreement: Sembcorp has signed a two-year agreement with Tenaga Nasional Berhad to import 50MW of renewable energy into Singapore, marking the country's first renewable energy import with Renewable Energy Certificates.
Financial Impact: While significant for cross-border green electricity trading, this agreement is not expected to affect Sembcorp's financial metrics for 2024.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
