Sembcorp Industries Ltd
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Sembcorp Industries Ltd is a leading energy and water solutions provider based in Singapore. The company operates in the power generation sector and has a strong focus on decarbonisation and renewable energy. Sembcorp Industries Ltd is committed to providing sustainable solutions that help reduce carbon emissions and mitigate the impact of climate change.
The company's core business is in the production and distribution of electricity, steam, and natural gas. Sembcorp Industries Ltd operates several power plants in Singapore, China, India, and the UK, with a total capacity of over 12,000 MW. The company's power generation portfolio includes a mix of conventional and renewable energy sources, such as coal, gas, solar, wind, and biomass.
Sembcorp Industries Ltd is actively pursuing decarbonisation strategies to reduce its carbon footprint and contribute to global efforts to combat climate change. The company has set a target to reduce its carbon emissions intensity by 25% by 2025, compared to its 2016 baseline. Sembcorp Industries Ltd is also exploring new technologies and business models to accelerate the transition to a low-carbon economy.
One of the key initiatives that Sembcorp Industries Ltd has undertaken to support decarbonisation is the development of renewable energy projects. The company has invested in several renewable energy projects, including solar and wind farms, in Singapore and overseas. Sembcorp Industries Ltd is also exploring new opportunities in emerging technologies, such as hydrogen and carbon capture, utilisation, and storage (CCUS).
In addition to its power generation business, Sembcorp Industries Ltd also offers corporate energy solutions to help businesses reduce their energy costs and carbon footprint. The company provides energy efficiency solutions, such as energy audits, retrofits, and optimisation services, to help businesses improve their energy performance. Sembcorp Industries Ltd also offers corporate power purchase agreements (PPAs) to help businesses source renewable energy and reduce their reliance on fossil fuels.
Corporate PPAs are long-term contracts between a renewable energy developer and a corporate buyer, such as a business or a government agency. Under a corporate PPA, the corporate buyer agrees to purchase a fixed amount of renewable energy from the developer at a pre-agreed price. This provides the renewable energy developer with a stable revenue stream and helps the corporate buyer to meet its sustainability goals.
Sembcorp Industries Ltd has signed several corporate PPAs with businesses in Singapore, including Apple, Facebook, and Microsoft. These agreements provide the businesses with a reliable source of renewable energy and help them to achieve their sustainability targets. Sembcorp Industries Ltd is also exploring new opportunities to expand its corporate PPA offerings in other markets, such as India and China.
Sembcorp Industries Ltd is committed to driving the transition to a low-carbon economy and supporting the global effort to mitigate the impact of climate change. The company's focus on decarbonisation and renewable energy, as well as its corporate energy solutions, make it a leading player in the energy sector. Sembcorp Industries Ltd is well-positioned to capitalise on the growing demand for sustainable energy solutions and to contribute to a more sustainable future for all.