Singapore’s Sembcorp to acquire Vector Green for Rs. 27.80 bn

16 Nov 2022 CW Team

Sembcorp Industries will acquire Vector Green Energy for Rs 27.80 billion to expand its renewable energy footprint in India to 3 gigawatts (GW), the company said this week.

The acquisition will bring the Singapore-based group's gross renewable energy capacity to 8.5 GW, closer to its target of 10 GW of gross installed renewable capacity by 2025.

“Sembcorp Industries announces that its wholly-owned subsidiary, Sembcorp Green Infra Ltd, has signed an agreement with India Infrastructure Fund II, a fund managed by Global Infrastructure Partners India Pvt Ltd, to acquire 100% interest in Vector Green Energy Pvt Ltd (Vector Green) for a base equity consideration of approximately Rs 2,780 crore,” it said in a statement.

Vector Green is an independent power producer with renewable power generation assets across 13 Indian states. The portfolio includes 495 megawatts (MW) of solar capacity and 24 MW of wind capacity in operation, with 64 MW of solar projects under development.

“Including Vector Green, Sembcorp's gross renewables portfolio installed and under development in India will total 3 GW, comprising 1 GW of solar assets and 2 GW of wind assets,” it said.

The acquisition will be funded through internal cash resources and external borrowings.
Sembcorp Industries; Vector Green Energy; Global Infrastructure Partners

Sembcorp Industries; Vector Green Energy; Global Infrastructure Partners

Global Electronics Association Launches IPC-1783-CO2E Standard

Jindal Stainless, Indian Oil Renew Five-Year Lubricants Partnership

POWER & RENEWABLE ENERGY

09 Oct 2026

Jindal Stainless, Indian Oil Renew Five-Year Lubricants Partnership

Genus Power Retains Rs. 60-65 bn Revenue Guidance

POWER & RENEWABLE ENERGY

09 Oct 2026

Genus Power Retains Rs. 60-65 bn Revenue Guidance

Gold Stories

POWER & RENEWABLE ENERGY

01 Jul 2026

Beyond Backup Power

POWER & RENEWABLE ENERGY

01 Apr 2026

The next five years will expose the capability gap in transmission EPC

POWER & RENEWABLE ENERGY

01 Mar 2026

QuantE’s Zero-Capex Solar Slashes Housing Bills by 50%

Infrastructure Urban

12 Oct 2026

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Infrastructure Urban

12 Oct 2026

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Infrastructure Energy

12 Oct 2026

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..