Singapore, Sembcorp Industries LTD sign 20- years deal to supply Solar Power support with Facebook Singapore operation. Singapore Industries LTD is a leading undervalued stock Singapore under the segment of utilities, marine and urban development group, present across five continents.
The company is pleased to signed this long-term solar energy deal with US-Headquartered tech company, Facebook. The deal is, Sembcorp will support Facebook’s recently announced 170,000 square meter Singapore data center by provide locally-sourced renewable power, as well as its other Singapore operations, over the next 20 years.
Sembcorp is inhouse established blue chip stock company in Singapore with over two decades in the business. Sembcorp is the only established power generation affiliated retailer in the country to offer renewable energy, and has one of Singapore’s largest solar power portfolios.
Facebook’s renewable energy needs through offsite solar panels totaling 50 MWp in capacity. These panels will be installed on close to 900 rooftops in the land-scarce island state, between the end of this year and 2020.
Sembcorp deal with Facebook is an example of how Sembcorp is aligning its business to the future. Sembcorp is the powerful player of sgx Index and this deal give more bright impact on its earning share price at the end of this year, though investors should more eye on Sembcorp Industries LTD.
No comments:
Post a Comment