en.Wedoany.com Reported - Sembcorp Industries has completed its acquisition of Australian energy generation company Alinta Energy for A$6.5 billion (approximately US$4.32 billion). The deal was first announced in December 2025.
As part of the acquisition process, Sembcorp's wholly-owned subsidiaries, Sembcorp Energy Australia Pty Ltd and Sembcorp Energy Australia Pte Ltd, completed the acquisition of shares in Pioneer Sail Holdings and Latrobe Valley Power (Holdings). The Singapore-based company purchased all shares of Alinta from Hong Kong-based Chow Tai Fook Enterprises, which had held the asset since 2017.
Alinta's operations encompass coal, wind, natural gas, and solar assets, with 3.4 gigawatts of installed and contracted generation capacity. The company supplies electricity and natural gas to approximately 1.1 million customers in Australia. Additionally, Alinta holds a development pipeline of 10.4 gigawatts, which Sembcorp plans to integrate with its existing energy business and global expertise.
Alex Tan, President and CEO of Sembcorp's Eastern Renewables, stated that completing this acquisition is a key step in executing its growth strategy and solidifies Australia's position as an important market for Sembcorp. He noted that with Alinta's platform and project pipeline, the company can support its growth while ensuring reliable energy and long-term value for communities and customers, and looks forward to contributing to Australia's energy transition.
Sembcorp stated that Alinta will continue to operate under its existing brand and structure. The current management team of Alinta, led by Managing Director and CEO Jeff Dimery, will remain in place, and the company employs over 1,000 people nationwide. Dimery said that the completion of the acquisition is an important milestone for the business and employees, allowing the company to focus on execution and deliver value to customers and communities. He believes that Sembcorp's long-term commitment, financial strength, and renewable energy capabilities will support Alinta in advancing the necessary investments to build a secure and clean energy future.
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