Sembcorp Acquires Alinta Energy for A$6.5 Billion

Singapore-based Sembcorp Industries announced on Thursday that it has agreed to acquire Australian power generator and retailer Alinta Energy for an enterprise value of A$6.5 billion, marking a major step in its global expansion into renewable energy markets.

The deal, which values the transaction at an estimated purchase price of A$5.6 billion to be paid in cash, involves Sembcorp subsidiaries acquiring full ownership of Alinta and its units, as well as Latrobe Valley Power, which operates the Loy Yang B coal-fired power station in Victoria. Alinta, Australia's fourth-largest utilities provider, serves more than 1.1 million electricity and gas customers and owns generation assets totaling around 3 gigawatts, including gas plants, a wind farm, and the Loy Yang B facility, which is scheduled to close by 2047. The company also maintains a development pipeline of approximately 4 gigawatts in renewables. Sembcorp plans to retain Alinta's existing management team and operational structure following the acquisition, expected to close in the first half of 2026 pending shareholder and regulatory approvals.

The purchase aligns with Sembcorp's strategy to grow its renewable energy...