SEA Deal Ticker
Eighteen months of waiting, then nothing: Sembcorp walks from a US$82M Philippine solar farm
Sembcorp and seller CleanCurrent mutually terminated a US$82 million (S$105 million) purchase agreed in January 2025, citing market conditions. The 96-megawatt Cadiz solar farm loses its buyer.
Positive-sum angle: A 96MW project is back on the market with an 18-month-old signed price on public record — worth a look for any Philippine developer being told their asset is worth less than that.