Sembcorp Industries announced that the Manah II Solar project in Oman has successfully completed its acceptance tests and is ready for commercial operations more than four months ahead of schedule.
Sembcorp’s First Renewable Energy Project in the Middle East
This development marks the company’s inaugural greenfield renewables project in the Middle East and represents a significant milestone in Sembcorp’s pursuit of clean energy solutions.
20-Year Power Purchase Agreement
Manah II operates under a 20-year power purchase agreement with Nama Power and Water Procurement, delivering a contracted capacity of 500 megawatts.
Largest Utility-Scale Solar Farm in Sembcorp’s Global Portfolio
With an installed peak capacity of 588 megawatts, Manah II stands as the largest utility-scale solar farm in Sembcorp’s global renewables portfolio and is expected to be earnings-accretive.
Share Price Performance
Sembcorp shares traded at $5.52 today, reflecting a 1.28% increase on the day and 3.37% growth year-to-date.
✨ This accomplishment underscores Sembcorp’s commitment to sustainable development and the global adoption of clean energy.
Source:
This news is taken from The Edge Singapore . For more details, please follow the link below.
Sembcorp’s Solar Project in Oman Clears Acceptance Test and Is Ready for Commercial Operation
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