Sembcorp Industries to acquire Alinta Energy from Chow Tai Fook Enterprises for AUD6.5bn.

Sembcorp Industries, a provider of energy and water solutions, agreed to acquire Alinta Energy, an Australian utility company, from Chow Tai Fook Enterprises, a private investment holding company, for AUD6.5bn. “Australia is a well-established and forward-looking energy market, and this acquisition strengthens our presence in a key developed market while providing a scalable platform for Sembcorp to accelerate renewables and low-carbon growth. By combining Sembcorp’s global renewables expertise and access to capital with Alinta’s strong local workforce and project pipeline, we believe we can contribute meaningfully to Australia’s decarbonisation goals and support long-term employment opportunities in local communities. We remain committed to operating responsibly and sustainably, working closely with government, communities, and Alinta’s experienced management team to deliver a transition that meets national and stakeholder needs,” Alex Tan, Sembcorp President & CEO, Renewables, East.