Singapore-headquartered Sembcorp Utilities Pte Ltd, a subsidiary of Sembcorp Industries, completed acceptance tests for the Manah II Solar Independent Power Project in Oman, achieving commercial operation over four months ahead of schedule. The 588MW solar farm, Sembcorp’s first greenfield renewables project in the Middle East, operates under a 20-year 500MW power purchase agreement with Nama Power and Water Procurement Company. The project aligns with Oman’s target of 30% renewable energy by 2030 and will impact Sembcorp’s earnings per share without significantly affecting net tangible assets for 2024.