Singapore-based Sembcorp Industries will acquire Australia’s Alinta Energy for an agreed enterprise value of AU$6.5 billion, marking the company’s entrance in Australia’s power sector.
Under the deal, Sembcorp will acquire all shares tied to Chow Tai Fook Enterprises Ltd. and Pioneer Sail Singapore Pte Ltd.
The estimated purchase price is AU$5.6 billion, which Sembcorp will pay in cash through bridge and working capital facilities.
The deal will give Sembcorp a strategic way to enter Australia, a country with strong fundamentals and significant growth opportunities.
Australia is a key market for Sembcorp’s goal to grow its renewables capacity to 25GW by 2028.
Alinta is set to add meaningful scale and diversity to Sembcorp’s strategy and growth and its renewables pipeline complements Sembcorp’s portfolio in wind, solar and energy storage.
Alinta is one of Australia’s largest integrated energy suppliers, serving almost 1.1 million customers nationwide.
Alinta operates 3.4GW of installed and contracted generation capacity across coal, gas, wind and solar. It also offers access to 10.4GW of potential development pipeline in Australia.
Alex Tan, CEO of Renewables East Sembcorp, said: “Australia is a well-established and forward-looking energy market, and this acquisition strengthens our presence in a key developed market while providing a scalable platform for Sembcorp to accelerate renewables and low-carbon growth.
“By combining Sembcorp’s global renewables expertise and access to capital with Alinta’s strong local workforce and project pipeline, we believe we can contribute meaningfully to Australia’s decarbonisation goals and support long-term employment opportunities in local communities.”
Jeff Dimery, Alinta CEO, said: “Sembcorp’s investment in Alinta is a vote of confidence in Australia, our company, our team of professionals, and our future.
“Sembcorp understands that reliability and affordability are the foundation of a successful energy transition. Sembcorp brings the investment capacity and experience to help us deliver both.”
The acquisition is expected to be completed in the first half of 2026, subject to shareholder and regulatory approvals.