Sembcorp Industries

What Sembcorp Industries does

Sembcorp Industries Ltd. is a Singapore-listed (SGX: U96) energy and urban solutions group, controlled by Temasek Holdings, operating across 12 countries with 35.2GW of total installed and contracted capacity (21.9GW gross renewables). The company is structured around four core segments: Gas and Related Services (13.2GW of gas-fired and diesel-fired power across Singapore, Australia, China, Bangladesh, Myanmar, Oman, UAE and UK, including Singapore's first commercial LNG importation); Renewable Energy (8.3GW wind, 9.3GW solar, 4.3GWh energy storage including Southeast Asia's largest 326MWh BESS on Jurong Island); Integrated Urban Solutions (17,600 hectares of industrial parks across Vietnam, China and Indonesia, 8 million m³/day water capacity, and waste-to-resource facilities diverting 440,000 tonnes from UK landfills annually); and Decarbonisation Solutions (renewables imports including a 1.2GW Vietnam-Singapore licence, green hydrogen via the BPCL NeuEN JV, and the GoNetZero carbon management platform serving 150+ clients).

The business model blends long-term regulated and contracted infrastructure cash flows (PPAs with EWEC through 2050, bilateral government concessions like the 30-year Vietnam-Becamex VSIP JV, and government offtake agreements) with corporate renewable energy procurement and retail energy supply via the recently acquired Alinta Energy platform (1.1 million Australian customers). Revenue is generated through electricity and gas sales, industrial park land leasing, water and wastewater treatment tariffs, hydrogen supply contracts, and transaction-based carbon management fees. Self-developed proprietary technology includes the Virtual Brain analytics platform for remote asset monitoring and the SWING water innovation lab. The company targets 25GW renewables capacity and at least 13% ROE by 2028, backed by a S$10.5 billion capital allocation plan with 75% dedicated to renewables.

Recent strategic moves include the A$6.5 billion (US$4.32 billion) acquisition of Alinta Energy completed June 11, 2026 (adding 3.4GW operational and 10.4GW pipeline), consortium award of the 2.6GW Taweelah C IPP project in Abu Dhabi (June 2026), VSIP expansion to 26 parks in Vietnam, the BPCL green hydrogen JV in India, and entry into Vietnam's data centre power segment via the StarMason JV. The company reported FY2025 turnover of S$5,799 million and net profit of S$984 million, declining YoY due to lower Singapore gas offtake and divestment of Sembcorp Environment, while underlying ROE reached 18.2%.

Name

Sembcorp Industries

Legal name

Sembcorp Industries Ltd.

Website

https://sembcorp.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sembcorp Industries is a Singapore-listed energy and urban solutions group operating 35.2GW of capacity across 12 countries, spanning gas-fired power, renewables (wind, solar, storage), industrial park development (Vietnam-Singapore Industrial Parks), and decarbonisation services including the GoNetZero carbon platform.

Ownership category

akta.pro rank

Product category

Integrated Energy and Urban Solutions

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Utilities (22)

SIC

Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)

akta.pro secondary industries

C&I Retail Electricity Supply (Full-Service/Load-Serving) (EUAGACAA), Supplier Engagement & Value-Chain Decarbonization Programs (EUABAKAE), C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs) (EUAGACAE)

Keywords

• Renewable energy generation
• Industrial park development
• Water treatment services
• Carbon management solutions
• Independent power production

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Gas and Related Services: Electricity and gas generation and retail through gas-fired and diesel-fired power plants across Singapore, Australia, China, Bangladesh, Myanmar, Oman, UAE and UK. Includes gas sourcing, importation, and trading as one of Singapore's largest natural gas players and first commercial importer/retailer of piped natural gas. LNG importation provides customers access to global LNG sources.
2. Renewable Energy: Generation and sale of electricity from wind, solar, hydro and energy storage assets. Revenue from power purchase agreements with utilities, governments, and corporate customers. 21.9GW gross renewables capacity across Asia-Pacific, Middle East and UK.
3. Integrated Urban Solutions: Urban development and management of industrial parks (Vietnam-Singapore Industrial Parks network), industrial wastewater treatment, water reclamation, seawater desalination, and waste-to-resource solutions. Revenue from land leasing, facility management, and utility services.
4. Carbon Management (GoNetZero): Carbon management and decarbonisation solutions including procurement and management of carbon assets, renewable energy power purchase agreements structuring, and verified environmental attributes. Supports over 150 clients globally.
5. Hydrogen and Low-carbon Alternatives: Exploration and development of green hydrogen and ammonia production, supply, and transportation. Joint ventures for hydrogen production facilities (NeuEN Green Energy JV with BPCL for Numaligarh Refinery) and strategic partnerships for ammonia supply.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Sembcorp Industries develops, owns, and operates a diversified portfolio of energy and urban solutions across Asia-Pacific. The company generates and supplies electricity through 13.2GW of gas-fired capacity and 21.9GW of gross renewables (wind, solar, hydro, storage); develops industrial parks covering 17,600 hectares; provides water and wastewater treatment with 8.0 million m³/day capacity; and offers decarbonisation services including the GoNetZero™ carbon management platform. Customers include governments, utilities, large industrial enterprises, and (via Alinta Energy acquired June 2026) approximately 1.1 million retail electricity and gas customers in Australia.

Product overview

Sembcorp Industries is a leading energy and urban solutions player in Asia-Pacific operating across four core segments: Gas and Related Services (13.2GW of gas-fired and diesel-fired power capacity), Renewable Energy (wind, solar, hydro and energy storage totalling 21.9GW gross renewables capacity), Integrated Urban Solutions (industrial parks, water, and waste-to-resource management across 17,600 hectares), and Decarbonisation Solutions (renewables imports, low-carbon alternatives, and carbon management via GoNetZero™). The company is structured as a diversified platform with multiple business lines that interconnect: gas assets provide reliable baseload cash flow that funds renewables growth; renewables and integrated urban solutions share geographic platforms (e.g., Vietnam-Singapore Industrial Parks integrate renewable energy solutions); and the GoNetZero™ carbon management platform serves customers across all segments. The portfolio also includes Alinta Energy (acquired June 2026), which added 3.4GW of generation and a 10.4GW Australian development pipeline to the renewables segment.

Differentiator

Problem solved

Functional benefit

Brands

• GoNetZero: Carbon management business offering decarbonisation solutions including carbon credits, renewable energy certificates, and PPA structuring
• VSIP (Vietnam-Singapore Industrial Parks)
• Sembcorp Power
• Sembcorp Solar Singapore
• NeuEN Green Energy

Products and services

• Gas and Related Services Sembcorp's gas and related services segment provides reliable energy supply through 13.2GW of gas-fired and diesel-fired power capacity across Singapore, Australia, China, Bangladesh, Myanmar, Oman, UAE and the UK. The segment includes gas-fired plant development and operation, LNG importation, gas sourcing, and piped natural gas supply as Singapore's first commercial importer and retailer.
• Renewable Energy Sembcorp's renewable energy segment enables Asia-Pacific's energy transition with a growing portfolio spanning wind (8.3GW), solar (9.3GW), hydropower, and energy storage (4.3GWh). The segment operates across Southeast Asia, Australia, China, India, the Middle East, and the UK, offering utility-scale, rooftop, floating, and hybrid solar solutions.
• Energy Storage Systems Sembcorp's energy storage systems (4.3GWh gross capacity) mitigate renewable intermittency and ensure stable power supply. Operations include Southeast Asia's largest battery system (326MWh on Jurong Island, Singapore), large-scale battery projects under construction in Australia (Wagerup Battery and Reeves Plains Energy Hub, combined 1.2GWh), a 200MWh system in Hunan China, and battery storage in India, Indonesia, and the UK (420MWh).
• Integrated Urban Solutions Sembcorp's integrated urban solutions enable communities to thrive through a comprehensive suite covering urban development, water management, and waste-to-resource management. The segment spans over 17,600 hectares across Vietnam, China and Indonesia, serving over 1,200 tenants and attracting US$64bn in direct investments.
• Urban Development Sembcorp's urban development business serves as a leading master developer transforming raw land into sustainable industrial parks, commercial hubs, and urban projects. With over 30 years of experience and operations across 30 projects spanning 17,600 hectares in Vietnam, China and Indonesia, the business delivers strategic site selection, industrial infrastructure, end-to-end development, and public-private partnerships.
• Water Management Sembcorp's water solutions enable efficient industrial wastewater treatment, water recycling, seawater desalination, and water reclamation across Singapore, China, Oman, UAE and the UK. The company operates 8.0 million m³/day gross water capacity and manages facilities including the Sembcorp NEWater Plant (one of the world's largest water reclamation plants) and large-scale desalination plants in Oman and UAE. The Sembcorp Water Innovation Nanjing (SWING) centre incubates promising water technologies for market commercialisation in Asia.
• Waste-to-Resource Sembcorp's waste-to-resource solutions convert waste into valuable resources in support of a circular economy. In the UK, the company's energy-from-waste facility diverts 440,000 tonnes of household residual waste from landfills annually and its biomass power station utilises low-grade recycled wood to produce power and steam, collectively avoiding ~330,000 tonnes of CO₂ emissions per year.
• Decarbonisation Solutions Sembcorp's decarbonisation solutions support customers on their decarbonisation journey across three areas: renewables imports (up to 1.2GW import licence from Vietnam to Singapore), low-carbon alternatives (green hydrogen and ammonia for gas plant decarbonisation), and carbon management solutions through GoNetZero™.
• Renewables Imports Sembcorp's renewables imports enable Singapore to access low-carbon electricity from the region through regional power grids. In October 2023, the company received conditional approval to import 1.2GW of low-carbon electricity from Vietnam via offshore wind farms, the largest import licence approved by Singapore's Energy Market Authority. Exclusive discussions are also underway for potential import of 1GW from Sarawak.
• Low-carbon Alternatives Sembcorp's low-carbon alternatives segment focuses on green hydrogen and ammonia as essential fuels for decarbonising existing gas plants. Activities include strategic partnerships for large-scale green ammonia production in India (with Sojitz Corporation and Kyushu Electric), feasibility studies for green hydrogen production in Indonesia, an MOU with Gentari for hydrogen production and transportation from Malaysia to Singapore, and the NeuEN Green Energy JV with BPCL for 10,000 tonnes per annum of green hydrogen supply to Numaligarh Refinery.
• GoNetZero™ GoNetZero™ is Sembcorp's carbon management business supporting commercial and industrial clients globally in reducing and managing their carbon footprint. Launched in 2022, it has supported over 150 clients worldwide with decarbonisation solutions including verified environmental attribute procurement (Energy Attribute Certificates, carbon credits), structuring and brokerage of renewable energy PPAs, and execution-ready solutions for regulatory, voluntary, and stakeholder-driven decarbonisation requirements.

Quantifiable outcome

• Expanded gross renewables capacity from 2.6GW in 2020 to over 20GW by 2025, more than sixfold growth
• +4 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Siemens EnergycoreTechnology or Integration · 17 June 2026Siemens Energy awarded contract to supply advanced gas and steam turbine technology for Taweelah C 2.6GW combined cycle gas turbine plant. Scope includes three gas turbines, two steam turbines, and five generators, marking third power plant at Taweelah site equipped by Siemens Energy with first HL-class gas turbine in UAE.
• Abu Dhabi National Energy Company (TAQA)coreStrategic or Co-development Partner · 3 June 2026TAQA leads a consortium with Al Jomaih Energy and Water Company and Sembcorp Industries to develop the 2.6GW Taweelah C Independent Power Producer project in Abu Dhabi. TAQA holds 60% majority stake while consortium holds 40%. Project includes power purchase agreement through 2050, commercial operations expected 2029, designed with carbon capture readiness.
• Al Jomaih Energy and Water CompanycoreStrategic or Co-development Partner · 3 June 2026Al Jomaih Energy and Water Company is part of the consortium with TAQA and Sembcorp Industries developing the 2.6GW Taweelah C IPP project. The consortium holds 40% stake with TAQA holding 60%. Project supports UAE's energy transition and 2050 climate neutrality target.
• China Energy Engineering Group CorporationminorImplementation/ SI/ Consulting Partner · 3 June 2026China Energy Engineering Group Corporation serves as the EPC (Engineering, Procurement, and Construction) contractor for the 2.6GW Taweelah C IPP project in Abu Dhabi.
• Emirates Water and Electricity Company (EWEC)coreStrategic or Co-development Partner · 3 June 2026EWEC awarded Taweelah C IPP project to TAQA-led consortium including Al Jomaih and Sembcorp. Project designed with carbon capture capability and high-efficiency Siemens Energy turbines to support renewable integration. One of region's lowest capital expenditure rates per kilowatt-hour and lowest levelised cost of electricity.
• Emirates Water and Electricity Company (EWEC)coreChannel Partner/ Reseller/ Distributor · 30 March 2026EWEC as sole offtaker for Taweelah C IPP project under power purchase agreement through 2050. EWEC announced TAQA and consortium partners Al Jomaih and Sembcorp as partners to develop the 2.6GW carbon-capture-ready combined cycle gas turbine plant.
• BB HoldingscoreStrategic or Co-development Partner · 27 March 2026Joint venture StarMason between Sembcorp Development (subsidiary) and BB Holdings received Vietnamese government approval for 90MW data center in Ho Chi Minh City. Campus will be built in phases across 4.5 hectares in Saigon Hi-Tech Park, targeting Tier III standards with plans for Tier IV classification.
• Bharat Petroleum Corporation Limited (BPCL)coreStrategic or Co-development Partner · 24 March 202650:50 joint venture NeuEN Green Energy between BPCL and Sembcorp Green Hydrogen India to develop green hydrogen production facility at Numaligarh Refinery in Assam. Project will supply 10,000 tonnes per annum of green hydrogen at India's lowest price of ₹279/kg (~$2.97/kg), with operations expected in 2028.
• OQ Alternative Energy (OQAE)coreStrategic or Co-development Partner · 11 November 2025Sembcorp Utilities and OQ Alternative Energy JV for development of 125MW Dhofar II wind project in Oman. Project scheduled to start in Q3 2027, will supply clean electricity to around 18,000 homes and avoid approximately 158,000 tonnes of carbon emissions annually.
• Becamex (Vietnam)coreStrategic or Co-development Partner · 16 May 2025Joint venture partnership for Vietnam-Singapore Industrial Parks (VSIP), a flagship bilateral economic cooperation initiative. The VSIP network spans 26 parks across 15 Vietnamese provinces, having attracted over US$28 billion in investment and created more than 340,000 jobs. JV celebrated its 30th anniversary in 2026.
• Petrovietnam Technical Services CorporationcoreStrategic or Co-development Partner · 1 October 2023Collaboration with Petrovietnam Technical Services Corporation (member of Vietnam Oil and Gas Group) to develop offshore wind farms in South Vietnam for import of 1.2GW low-carbon electricity to Singapore. Conditional approval received from Energy Market Authority for largest import licence in Singapore.

Scale indicators15 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• AGL Energy: Australia's largest private energy retailer and generator (~4GW+ portfolio). Direct competitor to Alinta Energy in retail electricity/gas and parallel Australian energy transition dynamics.
• Vena Energy: Asia-Pacific pure-play renewable energy IPP with wind, solar and storage across India, SEA, Japan and Korea. Direct competitor for utility-scale tenders and corporate PPAs in Sembcorp's core SEA markets.
• Adani Green Energy: One of India's largest renewable energy IPPs operating across solar, wind and hybrid projects. Comparable to Sembcorp's India renewables platform (7.6GW) and competes for utility-scale tenders and corporate PPA mandates.
• Keppel Corporation: Singapore-headquartered conglomerate with overlapping energy (Keppel Infrastructure), renewables, and urban development businesses. Both companies compete for Singapore's energy transition mandates and have comparable ASEAN infrastructure footprints.

Broad incumbents

• ENGIE: Global energy transition leader with renewables, energy storage, and decarbonization services. Comparable 'brown-to-green' strategic pivot and presence in Middle East/Asia-Pacific power markets.
• RWE: European integrated renewables player with significant offshore wind and BESS portfolio. Comparable renewable capacity (mid-20s GW) and similar pursuit of regulated-transition asset rotation strategies.
• Tata Power: India's largest integrated power company with generation, transmission, distribution and renewables. Comparable integrated utility model, ASEAN-India renewables overlap, and similar government/SOE customer base.
• NextEra Energy: World's largest renewable energy generator with comparable wind/solar/BESS scale. Useful benchmark for renewables unit economics, IPP operational excellence, and capital-allocation discipline toward 25-30GW growth.

Regional players

• Origin Energy: Australian integrated energy retailer and generator with significant renewables and gas. Comparable post-acquisition Australian retail/generation mix to Alinta and similar transition challenges with legacy fossil assets.
• GMR Power and Urban Infra: India-headquartered power and urban infrastructure developer with airport-adjacent land bank. Comparable emerging-market IPP + urban development model and similar government/SOE counterparty profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sembcorp-industries-ltd
• Xx.com/sembcorp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries12 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sembcorp Industries