Sembcorp's solar project in Oman clears acceptance test and is ready for commercial operation
The project is backed by a 20-year 500MW power purchase agreement with Oman and will be earnings accretive to Sembcorp
Sembcorp Industries says its solar project in Oman has completed its acceptance tests and is ready for commercial operation - more than four months ahead of schedule.
The Manah II Solar Independent Power Project in Manah is Sembcorp’s first greenfield renewables development in the Middle East.
The project is backed by a 20-year 500MW power purchase agreement with Nama Power and Water Procurement Company and will be earnings accretive to Sembcorp.
With an installed peak capacity of 588MW, it is Sembcorp’s largest utility-scale solar farm in its global renewables portfolio.
Sembcorp shares changed hands at $5.52 as at 1.56 pm, up 1.28% thus far today and up 3.37% year to date.
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