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Sembcorp Drill Baby Drill

SEMBCORP SECURES SECOND SOLAR-ENERGY STORAGE HYBRID PROJECT IN INDIA 
https://links.sgx.com/1.0.0/corporate-announcements/E47K96511N08YU9O/847310_SEMBCORP%20SECURES%20SECOND%20SOLAR-ENERGY%20STORAGE%20HYBRID%20PROJECT%20IN%20INDIA.pdf

 

02:17 AM EDT, 05/28/2025 (MT Newswires) -- Sembcorp Industries' (SGX:U96) subsidiary, Sembcorp Cogen, entered into a settlement agreement with Universal Terminal and UT Singapore Services, according to a filing with the Singapore Exchange on Tuesday.

The legal claims stem from gasoil purchased by the subsidiary from Hin Leong Trading and stored with Universal Terminal and UT Singapore Services.

Following the agreement, Sembcorp Cogen will discontinue its suit against Universal Terminal with no admission as to liability.

Terms of the settlement are confidential.

 

 

Sembcorp Utilities Explores Cross-Border Renewable Energy Export from Vietnam

On May 26, 2025, Sembcorp Utilities&mdash a subsidiary of Sembcorp Industries&mdash signed an agreement with partners from Malaysia and Vietnam to assess the feasibility of exporting renewable energy to Singapore. The collaboration includes MY Energy Consortium, Petroliam Nasional Berhad (Petronas), and a consortium involving PetroVietnam Technical Services Corporation.

The initiative focuses on harnessing offshore wind power in Vietnam and transmitting the energy via a new subsea cable through Malaysia&rsquo s national grid to Singapore. This aligns with Singapore&rsquo s goal of importing 6 GW of low-carbon electricity by 2035, contributing to roughly one-third of its projected energy demand.

CEO Wong Kim Yin emphasized Singapore&rsquo s role in regional decarbonization and cross-border energy collaboration. Following the announcement, Sembcorp' s shares rose 1.37% to $6.65.



This is  generally good news, especially from a strategic, environmental, and business perspective. Here' s why:

Why it' s good:

1. 
   
   Supports Singapore&rsquo s Decarbonization Goals:
   Singapore needs to diversify and decarbonize its energy mix. Importing 6 GW of low-carbon electricity is a huge part of that, and this agreement directly supports that goal.
2. 
   
   Regional Leadership:
   Sembcorp is positioning itself as a key enabler of cross-border renewable energy trade in ASEAN. That enhances its strategic relevance and reputation.
3. 
   
   Offshore Wind Opportunity:
   Vietnam has strong offshore wind potential. If the feasibility study succeeds, this could unlock a scalable, clean energy source.
4. 
   
   Business Upside:
   Although it' s early-stage (just a feasibility agreement), this opens the door to long-term infrastructure, transmission, and generation projects&mdash areas where Sembcorp can grow revenue and assets.
5. 
   
   Market Response:
   The stock price went up (1.37% gain), indicating that investors see this move positively, at least as a signal of forward-looking strategy.

Any Risks or Caveats?

• 
  
  Execution Uncertainty: It&rsquo s just a feasibility study now&mdash no guarantee it becomes a real project.
• 
  
  Regulatory & Infrastructure Challenges: Cross-border energy trade is complex and may face delays or political hurdles.
• 
  
  Cost & Investment: Offshore wind and subsea cables are capital-intensive. Returns may take years.

Bottom Line:

Good strategic move  for Sembcorp and Singapore&rsquo s energy future. It signals commitment to clean energy and regional cooperation, with strong long-term potential, even if the benefits won&rsquo t be immediate.

 

You know where you belong.

you should be above st eng and crops of elite higher than bank stocks


NVIDIA Jensen say A.I. infrasture need energy , alot of energy

Goldman initiate u a call

ASEAN discussion will benefit given the presence u have in vietnam
 

 

 

🌱 Sembcorp&rsquo s Expanding Renewable Energy Portfolio in Vietnam

Sembcorp Industries has been actively enhancing its renewable energy footprint in Vietnam. Key developments include:

• 
  
  Acquisition of Gelex Group Assets:  In November 2023, Sembcorp announced plans to acquire majority stakes in four subsidiaries of Vietnam' s Gelex Group, encompassing 245 MW of operational wind, solar, and hydropower assets. As of early 2025, three of these subsidiaries have been integrated, adding 196 MW to Sembcorp' s portfolio. The final 49 MW hydropower asset is expected to be completed in the first half of 2025, pending regulatory approvals.  The Investor+3The Investor+3International Water Power+3
• 
  
  Proposed Solar Project in Binh Thuan:  Sembcorp is exploring a 100&ndash 200 MW solar power project in Binh Thuan Province, incorporating battery energy storage systems (BESS). This initiative aims to bolster the region' s renewable energy capacity and contribute to its socio-economic development.  The Investor
• 
  
  Renewable Energy Capacity Growth:  By the end of 2024, Sembcorp' s gross renewable energy capacity reached 16,876 MW, with 13,121 MW operational and 3,755 MW under construction. This expansion underscores the company' s commitment to sustainable energy solutions.  The Investor

---

🔌 Strategic Alignment with ASEAN Power Grid Initiative

The ASEAN Power Grid project aims to interconnect the electricity grids of Southeast Asian countries, facilitating the cross-border exchange of electricity. This initiative aligns with Sembcorp' s strategic objectives:

• 
  
  Enhanced Regional Connectivity:  Sembcorp' s existing and planned renewable energy projects in Vietnam position it to potentially supply clean energy to neighboring countries, including Malaysia and Singapore, through the ASEAN Power Grid.
• 
  
  Integration of Energy Storage Solutions:  The incorporation of BESS in Sembcorp' s projects enhances grid stability and the reliability of renewable energy supply, aligning with the objectives of the ASEAN Power Grid to ensure consistent energy availability.The Investor
• 
  
  Sustainable Industrial Development:  Sembcorp' s collaboration with Becamex to develop smart and sustainable industrial parks in Vietnam demonstrates its commitment to integrating renewable energy solutions into industrial development, supporting the broader goals of the ASEAN Power Grid.  Sembcorp

---

📈 Financial Commitment to Green Energy

Sembcorp has committed significant financial resources to its green energy initiatives:

• 
  
  Investment in Green Energy:  In 2024, Sembcorp announced a S$700 million (approximately US$528 million) investment in green energy projects, focusing on developing low-carbon industrial parks across Asia and exploring partnerships for an asset management platform.  Reuters
• 
  
  Regional Collaborations:  Sembcorp' s recent agreements, such as the over S$650 million energy and utilities contracts with Aster Chemicals and Energy, reflect its proactive approach to expanding its energy and utilities footprint in Southeast Asia.  Reuters+1The Business Times+1

---

✅ Strategic Positioning and Future Outlook

Sembcorp' s proactive investments and strategic initiatives position it favorably to capitalize on the opportunities presented by the ASEAN Power Grid project. While the full realization of these opportunities will depend on regulatory developments and market dynamics, Sembcorp' s established presence in the region and commitment to renewable energy underscore its potential to play a significant role in the evolving energy landscape of Southeast Asia

Here&rsquo s why there&rsquo s  strong potential, but not a guarantee:

Why there' s reason for optimism:

1. 
   
   Sembcorp is already active in Vietnam and Singapore, with significant investments in renewable energy (solar, wind, and waste-to-energy).
2. 
   
   The  Asean Power Grid  is about  regional integration of energy systems, especially  clean energy&mdash exactly Sembcorp&rsquo s strategic focus.
3. 
   
   Singapore is energy-constrained and heavily reliant on imports this grid enables diversification and supports the government&rsquo s low-carbon goals, which aligns with Sembcorp&rsquo s offerings.

But, here&rsquo s the caution:

• 
  
  Grid ownership and access aren&rsquo t finalized.  Just because the line is built doesn&rsquo t mean Sembcorp will automatically gain transmission rights or contracts.
• 
  
  Government-to-government agreements  will likely determine who gets to trade power first Sembcorp would need to secure contracts or roles through negotiation or competitive tenders.
• 
  
  Other companies (regional utilities, IPPs, or state-linked firms) may also compete to supply or trade electricity via this grid.

---

Bottom line:

It&rsquo s not guaranteed, but  Sembcorp is one of the best-positioned private-sector players  to benefit&mdash if they act strategically and secure involvement. So, confident in the  potential, but the outcome depends on execution, policy, and competition.

 

Yes, the Asean Power Grid undersea cable project&mdash linking Vietnam, Peninsular Malaysia, and Singapore&mdash has the potential to significantly benefit  Sembcorp Industries, particularly in the following ways:

1.  Increased Demand for Cross-Border Renewable Energy

Sembcorp is a key player in the renewable energy sector in Southeast Asia, especially in  Vietnam and Singapore. If Vietnam begins exporting renewable power (e.g., solar and wind) through this grid, and Singapore imports it,  Sembcorp is well-positioned to be a major operator, developer, or facilitator  of such power flows.

2.  Alignment with Sembcorp&rsquo s Green Transition Strategy

Sembcorp has committed to growing its  sustainable energy portfolio  and achieving  net-zero emissions  by 2050. Participating in or supporting infrastructure like the Asean Power Grid allows Sembcorp to:

• 
  
  Monetize its clean energy assets in Vietnam.
• 
  
  Help Singapore diversify its energy sources (reducing reliance on natural gas).
• 
  
  Meet sustainability-linked business goals.

3.  Investment and Partnership Opportunities

With Malaysia spearheading the grid connection, and both Singapore and Vietnam actively involved, Sembcorp may:

• 
  
  Invest in or co-develop transmission infrastructure.
• 
  
  Expand power generation projects in Vietnam tied to this export opportunity.
• 
  
  Partner with regional grid operators or governments for long-term energy supply contracts.

4.  Competitive Advantage in Regional Energy Trade

As the region liberalizes electricity markets and facilitates cross-border trading, companies with  experience across jurisdictions&mdash like Sembcorp&mdash gain a clear advantage. Their established presence in all three countries gives them a head start.

---

In summary, this project directly supports Sembcorp&rsquo s regional growth strategy, renewable energy ambitions, and commercial opportunities. The full benefit will depend on regulatory developments, transmission capacity, and Sembcorp&rsquo s ability to secure project involvement.

 

 

MAS is nearing 5 billion dollars to boost SG stock market, shortlisting investment managers to which the fund is allocated. Sembcorp will benefit greatly from the fund controlled by investment managers in a short term.

 

🌏 Southeast Asia&rsquo s Strategic Bet on Sustainability

Southeast Asian nations are intensifying their commitment to sustainability, viewing it as a cornerstone for future economic resilience.  At the recent Ecosperity conference, regional leaders underscored the importance of sustainable finance and environmental stewardship.  Malaysia' s Natural Resources and Environmental Sustainability Minister, Nik Nazmi Nik Ahmad, emphasized the need for climate cooperation alongside resolving tariff issues.  Additionally, the ASEAN Taxonomy Board introduced a new digital tool to align sustainable finance definitions across member states, aiming to streamline green investments  .AP News+1LinkedIn+1LinkedIn+1The Conference Board+1

In response to global economic uncertainties, there' s a growing push for a systems-based approach to green economic development.  A report by Bain & Company and partners advocates for interconnected solutions that address systemic barriers, promoting scalable and long-term sustainable growth across the region  .Carbonwire.org+1Bain+1

Furthermore, ASEAN countries are enhancing their regulatory frameworks to support ESG initiatives.  Malaysia has introduced regulations on Carbon Capture, Utilization, and Storage (CCUS) technology, while Thailand offers generous corporate emissions offset caps and tax incentives for ESG fund investments.  Indonesia and the Philippines are also updating their sustainable finance taxonomies and strategies to mobilize green capital  .The Conference Board

---

⚡ Sembcorp Industries: Analysts' Renewables Favorite

Sembcorp Industries has garnered positive attention from analysts, notably with Goldman Sachs initiating a " buy" rating and setting a price target of S$8.40, indicating a potential upside of 28%.  The company' s robust portfolio in renewable energy and infrastructure assets positions it as a significant player in Singapore&rsquo s electricity and gas market  .GuruFocus

Goldman Sachs highlights Sembcorp' s strategic shift towards renewables as a key driver for future earnings growth.  The market is currently valuing Sembcorp' s renewables segment in line with its peers, suggesting room for further appreciation as the company continues to expand its green energy initiatives

 

GOLDMAN SACH INITIATE BUY FOR SEMBCORP I!!!!!
Sembcorp&rsquo s renewables business could power earnings upside Goldman Sachs rates stock a &lsquo buy&rsquo

Market is pricing the segment at a level aligned with peers in China and developed markets, say analysts

Net profit before exceptional items and discontinued operation was S$1.02 billion, comparable to financial year 2023, despite a planned major maintenance in the first half of 2024.

Goldman Sachs sees several key catalysts for driving a continued rerating of Sembcorp&rsquo s valuation. These include an optimisation of its portfolio, steady capacity growth, and a potential upward revision of its long-term return on equity guidance.

&ldquo Sembcorp has consistently optimised its portfolio through capital recycling and its share price has historically reacted positively to such transactions,&rdquo the analysts said.

&ldquo Overall, we believe the company will continue to optimise its portfolio to position the core renewables and gas divisions for growth and higher returns.&rdquo

DBS Group Research analyst Ho Pei Hwa believes Sembcorp could see an uplift in its price-to-earnings valuation multiple, on the back of accretive acquisitions in new renewable markets, steady earnings delivery and potential capital recycling that is value-unlocking.

&ldquo Sembcorp is set to deliver promising earnings CAGR of more than 10 per cent through 2028 as its three key business segments enter expansion mode,&rdquo Ho said in a report following Sembcorp&rsquo s FY2024 results, noting that the company is &ldquo firing on all cylinders&rdquo .

DBS has a &ldquo buy&rdquo call on Sembcorp with a target price of S$8.

Meanwhile, HSBC Global Research analyst Rahul Bhatia sees Sembcorp as &ldquo a good defensive play in current uncertain times&rdquo .

&ldquo We think a combination of high power generation capacity, direct access to gas (via import licence) and availability of green power gives Sembcorp a strong position in the Singapore market,&rdquo Bhatia said in an Apr 15 report.

&ldquo Further, we note a large portion of Sembcorp&rsquo s group profit &ndash about 77 per cent &ndash is backed by long-term power purchase agreements,&rdquo he added.

 

 

May 9 (Reuters) - Singapore's Sembcorp Industries (SCIL.SI), opens new tab said on Friday that it will provide gas, power and utilities solutions to Aster Chemicals and Energy under contracts worth more than S$650 million ($500.2 million). The utilities firm will provide the services to Aster for its integrated refining and chemical complex in Pulau Bukom and Jurong Island, off mainland Singapore.

 

2 hours ago news: Goldman Sachs has started coverage of Sembcorp Industries (SCRPF, Financial), assigning it a Buy rating and setting a price target of S$8.40. This suggests a potential upside of 28%. Sembcorp is recognized as a major player in Singapore?s electricity and gas market, boasting an extensive range of renewable energy and infrastructure assets. The analysts from Goldman Sachs consider the current valuation of the company?s shares to be appealing.

 

ChatGPT said:

 

Private green investments in South-east Asia rise 43% to US$8 billion in 2024: report

[SINGAPORE] South-east Asia managed to attract US$8 billion in green investments from the private sector in 2024, up 43 per cent from the previous year, according to a joint report by Bain & Company and Temasek released on Tuesday (May 6). 

About 70 per cent of these investments came from foreign investors. This was a stark contrast from the previous year, when only 30 per cent were from foreign sources. 

Out of the six South-east Asian markets studied in the report &ndash which was also authored by Google, Standard Chartered, as well as Temasek-backed decarbonisation investment platform GenZero &ndash it found that Malaysia and Singapore took the lion&rsquo s share of the US$8 billion. 

Green investment into Malaysia increased by 124 per cent to US$2.3 billion, making up about 29 per cent of the total sum of investments. Green fund flows into Singapore accounted for 33 per cent, as they jumped 194 per cent from the previous year to US$2.7 billion. 

The other four markets &ndash the Philippines, Thailand, Indonesia and Vietnam &ndash saw a reduction in green investments. 

Indonesia suffered the worst decline, dropping 22 per cent to US$1.2 billion. This was followed by Vietnam, which had a 19 per cent reduction to US$161 million. 

Green investments into the Philippines went down by 12 per cent to US$1.3 billion, while Thailand experienced a drop of 10 per cent to US$355 million. 

When analysing the allocation of green investments across different project types, about two-thirds went into clean power projects, particularly solar which saw capital flows doubling from the previous year and accounted for 21 per cent of the total green investments in 2024. 

Investments into industrial waste management, which made up 9 per cent of the total fund flows, also increased, primarily driven by water treatment and recycling projects. 

In contrast, electric vehicles (EVs) and agricultural productivity experienced a decline in investments. 

Despite the jump in green investments, the report noted that there is still a funding gap of about US$50 billion for these six Asean markets to meet their stated climate pledges by 2030. 

To make good on these promises by 2030, South-east Asia has to reduce its emissions by another 600 million tonnes of carbon dioxide equivalent (tCO2e). 

Solutions to accelerate the green transition

To accelerate the clean energy transition, the report advocates for a systems-based approach that involves identifying systemic barriers, finding high-impact solutions and prioritising those with the highest ability to drive lasting change.   

This is because the region&rsquo s green economy is a set of linked systems, where changes in one area can affect others. 

The report identified three systems-level solutions that are important for South-east Asia to decarbonise: a sustainable bio-economy, an EV ecosystem, as well as growing its renewable energy along with developing the Asean Power Grid. 

A sustainable bio-economy would involve leveraging South-east Asia&rsquo s natural capital for economic benefit and carbon reduction through sustainable agriculture, expanding nature-based solutions, and scaling bio-waste utilisation. 

EV adoption could be accelerated by implementing buyer incentives, developing the necessary infrastructure as well as its regional supply chains. 

Investing in grid infrastructure can help eliminate a critical bottleneck in scaling up renewable power generation, with long-term positive impacts on regional energy security and affordability. 

The report estimates that such an approach could help these Asean economies grow by US$120 billion by 2030, potentially bring about 900,000 green economy jobs, and close the emissions gap of 600 million tCO2e by half to 300 million tCO2e. 

It also noted that these three systems-based solutions may also attract up to US$55 billion in annual investments by 2030, which could potentially serve to shore up foreign direct investments during an economic slowdown. 

Climate and transition finance, carbon markets, as well as green artificial intelligence (AI) have also been identified in the report as key enabling solutions.

Growing the sum of sustainable and transition financing requires expanding access to capital through innovative financing models, regional financing frameworks and enhanced risk-sharing mechanisms. 

To grow the region&rsquo s carbon markets, the report said there was a need to establish domestic and regionally connected carbon markets, put in place stronger carbon policies to drive demand, as well as increase the supply of large-scale verifiable credit projects. 

As for green AI, it involves advancing AI-driven sustainability solutions while ensuring viable data-centre growth.

 

ChatGPT said:

 

As of 2025, Sembcorp Industries stands to benefit significantly from China' s renewable energy expansion, particularly in wind and solar power.  Here' s how:​

---

🌍 Strategic Investments in China

Sembcorp has been actively expanding its renewable energy portfolio in China, the world' s largest and fastest-growing renewables market.  In December 2021, Sembcorp acquired a 35% stake in SDIC New Energy, a company with a portfolio of 30 operational wind and solar photovoltaic (PV) assets totaling approximately 1.9GW of installed capacity across seven provincial regions in China.    This acquisition aligns with Sembcorp' s target to reach 10GW of gross installed renewables capacity by 2025.​ Sembcorp+4The Straits Times+4The Edge Singapore+4The Straits Times+3Sembcorp+3The Straits Times+3

Additionally, in November 2021, Sembcorp acquired a 98% interest in a portfolio of operational wind and solar PV assets totaling 658MW from CGN Capital Partners Infrastructure Fund III and its affiliates.  These assets are located in energy demand centers Hebei, Henan, and Shandong provinces and are contracted with fixed feed-in tariffs under China' s renewable energy policy.  ​ The Edge Singapore+2Sembcorp+2Sembcorp+2

---

📈 Financial Performance and Growth Outlook

In FY24, Sembcorp' s renewables segment reported a net profit of SGD183 million, a 9% decline year-over-year.  This decline occurred despite a 6% growth in revenue, driven by a 40% increase in installed capacity to 13.1GW.  However, higher curtailments in China and lower wind speeds in India impacted performance.  ​ Minichart

Looking ahead, Sembcorp has revised its renewables target upward to 35GW, with 15GW across China and Southeast Asia, and 20GW for India and the Middle East.  This ambitious target reflects the company' s commitment to expanding its renewable energy footprint and capitalizing on growth opportunities in the renewable energy sector.  ​ Minichart

---

🤝 Strategic Partnerships and Acquisitions

Sembcorp' s strategic partnerships and acquisitions further strengthen its position in China' s renewable energy market.  In 2022, Sembcorp entered into a joint venture with State Power Investment Corporation (SPIC) to acquire renewable energy assets in China.  This partnership allows Sembcorp to establish a presence in Hunan province, a new market for the company, and expand its renewable energy portfolio.  ​ The Edge Singapore+3Sembcorp+3Sembcorp+3

These strategic moves enable Sembcorp to leverage local expertise and enhance its operational capabilities in China' s renewable energy sector.​

---

✅ Conclusion

Sembcorp Industries is well-positioned to benefit from China' s renewable energy expansion through strategic investments, acquisitions, and partnerships.  The company' s commitment to increasing its renewable energy capacity and its proactive approach to entering new markets align with China' s growing emphasis on renewable energy.  As China continues to lead in renewable energy capacity, Sembcorp' s investments are poised to yield long-term benefits.​

 

do your own diligence, I cud be wrong 
 

Verdict: Slight Benefit (Indirect)

---

Why It May Benefit Sembcorp:

1. 
   
   Less US-bound competition in Asia-Pacific:
   With Southeast Asian manufacturers facing tariffs in the US, they may  pivot to serve regional markets  instead. This could lead to  better supply availability and pricing  for companies like Sembcorp, which develop projects in  Singapore, India, Indonesia, and beyond.
2. 
   
   Greater strategic value for local developers:
   As the US market becomes more complex for Asian exporters, investors and manufacturers might  seek partnerships within Southeast Asia, boosting the regional ecosystem &mdash where Sembcorp is a key player.
3. 
   
   Focus on regional growth:
   Sembcorp is not tied down by US trade issues and can  capitalize on cleaner supply chains and stable project economics  within ASEAN and India, compared to US developers who now face price hikes.

---

Why It Won&rsquo t Be a Major Boost:

• 
  
  The benefit is  indirect and strategic, not a sudden financial win.
• 
  
  Sembcorp isn&rsquo t competing in the US market, so it doesn&rsquo t gain a competitive edge there.
• 
  
  If global panel prices rise due to reshuffling, there could still be  some cost pressure, even regionally.

---

Overall:  Sembcorp  stands to benefit modestly  from the shift in trade flow, due to its regional focus and lack of US exposure &mdash while avoiding the direct harm that US-based or export-dependent solar firms may face.

Let me know if you' d like this summarized in a slide or short report format!

dontbetray      ( Date: 22-Apr-2025 09:23) Posted: This development could have a  mixed but generally cautious impact  on  Sembcorp Industries, depending on the specific nature of their solar-related operations and supply chain structure. Let&rsquo s break it down: 1.  If Sembcorp relies on solar panels from the affected Southeast Asian countries (e.g., Vietnam, Malaysia): Negative impact:  The new US tariffs could result in  higher costs  for solar modules sourced from those countries. If Sembcorp is involved in  developing or investing in solar projects in the US, their project economics could be affected, especially if they' ve been relying on these lower-cost panels. Project delays:  If they are mid-development on US projects, procurement complications or cost increases could lead to  delays or budget overruns. 2.  If Sembcorp operates or partners with manufacturers in those countries: Business risk:  If Sembcorp has  strategic partnerships  or investments in solar manufacturing facilities in Cambodia, Vietnam, Malaysia, or Thailand aimed at the US market, those ventures may now face  revenue pressure  or  reduced competitiveness. 3.  However, there could be some opportunities: Non-US markets become more attractive:  With the US market becoming more expensive for Southeast Asian panels, Sembcorp may find  greater competitiveness in Asia-Pacific or other regions  where demand for renewables is rising without such tariffs. US domestic partnerships:  If Sembcorp shifts strategy to  partner with US-based manufacturers, it could sidestep tariffs and remain active in the US renewables market. 4.  Broader strategic outlook: Sembcorp is generally focused on  transitioning to green energy, and this move by the US could  slow global progress  if it causes solar project costs to rise. In the medium to long term, Sembcorp might need to  diversify suppliers  or consider  local manufacturing partnerships  in countries not impacted by tariffs or in the US itself. dontbetray      ( Date: 22-Apr-2025 09:20) Posted: [SAN FRANCISCO] The US set new duties on solar imports from four South-east Asian nations that together provide the country with the bulk of its panels.The decision is the culmination of a yearlong trade probe that found solar manufacturers in South-east Asia are unfairly benefiting from government subsidies and are selling their exports to the US at rates lower than the cost of production. The investigation was sought by domestic solar manufacturers and initiated under former president Joe Biden.While the duties on solar cells and panels completed in Cambodia, Malaysia, Thailand and Vietnam are a clear win for manufacturers based in the US, they threaten to raise development costs for a renewable power sector already facing policy and economic headwinds. US President Donald Trump is attempting to boost fossil fuels and has moved to slash support for green projects The new solar levies will be in addition to new widespread tariffs imposed by Trump that have upended global supply chains and markets. The anti-dumping and countervailing duties, as they are known, are designed to offset the value of alleged unfair subsidisation and pricing, as calculated by the Commerce Department.The US imported US$12.9 billion in solar equipment last year from the four countries that would be subject to the new duties, according to BloombergNEF. That represents about 77 per cent of total module imports. BLOOMBERG

 

This development could have a  mixed but generally cautious impact  on  Sembcorp Industries, depending on the specific nature of their solar-related operations and supply chain structure. Let&rsquo s break it down:

1.  If Sembcorp relies on solar panels from the affected Southeast Asian countries (e.g., Vietnam, Malaysia):

• 
  
  Negative impact:  The new US tariffs could result in  higher costs  for solar modules sourced from those countries. If Sembcorp is involved in  developing or investing in solar projects in the US, their project economics could be affected, especially if they' ve been relying on these lower-cost panels.
• 
  
  Project delays:  If they are mid-development on US projects, procurement complications or cost increases could lead to  delays or budget overruns.

2.  If Sembcorp operates or partners with manufacturers in those countries:

• 
  
  Business risk:  If Sembcorp has  strategic partnerships  or investments in solar manufacturing facilities in Cambodia, Vietnam, Malaysia, or Thailand aimed at the US market, those ventures may now face  revenue pressure  or  reduced competitiveness.

3.  However, there could be some opportunities:

• 
  
  Non-US markets become more attractive:  With the US market becoming more expensive for Southeast Asian panels, Sembcorp may find  greater competitiveness in Asia-Pacific or other regions  where demand for renewables is rising without such tariffs.
• 
  
  US domestic partnerships:  If Sembcorp shifts strategy to  partner with US-based manufacturers, it could sidestep tariffs and remain active in the US renewables market.

4.  Broader strategic outlook:

• 
  
  Sembcorp is generally focused on  transitioning to green energy, and this move by the US could  slow global progress  if it causes solar project costs to rise.
• 
  
  In the medium to long term, Sembcorp might need to  diversify suppliers  or consider  local manufacturing partnerships  in countries not impacted by tariffs or in the US itself.

dontbetray      ( Date: 22-Apr-2025 09:20) Posted: [SAN FRANCISCO] The US set new duties on solar imports from four South-east Asian nations that together provide the country with the bulk of its panels.The decision is the culmination of a yearlong trade probe that found solar manufacturers in South-east Asia are unfairly benefiting from government subsidies and are selling their exports to the US at rates lower than the cost of production. The investigation was sought by domestic solar manufacturers and initiated under former president Joe Biden.While the duties on solar cells and panels completed in Cambodia, Malaysia, Thailand and Vietnam are a clear win for manufacturers based in the US, they threaten to raise development costs for a renewable power sector already facing policy and economic headwinds. US President Donald Trump is attempting to boost fossil fuels and has moved to slash support for green projects The new solar levies will be in addition to new widespread tariffs imposed by Trump that have upended global supply chains and markets. The anti-dumping and countervailing duties, as they are known, are designed to offset the value of alleged unfair subsidisation and pricing, as calculated by the Commerce Department.The US imported US$12.9 billion in solar equipment last year from the four countries that would be subject to the new duties, according to BloombergNEF. That represents about 77 per cent of total module imports. BLOOMBERG