Sembcorp to acquire Vector Green from Global Infrastructure Partners for $345m.

Sembcorp, an energy and urban development company, agreed to acquire Vector Green, an independent power producer with renewable power generation assets, from Global Infrastructure Partners, an infrastructure investment fund, for $345m. "Sembcorp remains committed to growing its renewables portfolio in India, one of the fastest growing renewables markets in the world. This acquisition is aligned with the Group’s brown to green transformation strategy. With the completion of this acquisition, Sembcorp's gross renewable energy capacity will increase to 8.5GW, pushing us closer towards our 2025 target of 10GW," Wong Kim Yin, Sembcorp President and CEO.