Sembcorp has completed its 100% acquisition of Alinta Energy from Chow Tai Fook Enterprises Limited, which has owned Alinta since 2017.
With the completion, Sembcorp will integrate a scalable platform in Australia that includes Alinta’s 3.4GW operating portfolio and 10.4GW development pipeline.
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Alinta will continue to operate under its existing brand and operating structure to ensure continuity for key stakeholders including its more than 1,000 employees, around 1.1 million customers, and partners across Australia.
Sembcorp will retain Alinta’s management team led by managing director and CEO Jeff Dimery and his leadership team.
Sembcorp president and CEO renewables east Alex Tan said, “Completing this acquisition is a significant step in executing our growth strategy and reinforces Australia as an important market for Sembcorp.
“With Alinta’s strong platform and pipeline, we are well-positioned to support their growth while ensuring reliable energy and long-term value to Australian communities and customers. Sembcorp looks forward to making a positive contribution to Australia’s energy transition.”
Alinta Energy managing director and CEO Jeff Dimery said, “Today is a significant and positive milestone for our business and people. With completion behind us, we can focus on execution and continue delivering for our customers and the communities we serve.
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Sembcorp’s long-term commitment, financial strength and renewables capability position us well to progress the investments needed to support a secure and cleaner energy future.”
