Last year was a watershed moment for Sembcorp Industries Limited (SGX: U96), or SCI. The utility giant reported a massive S$997 million loss in 2020 as it divested Sembcorp Marine Limited (SGX: S51), its marine division, to refocus its energies on utilities and urban development. The disposal of its beleaguered marine division was the culmination of a complex corporate exercise involving a rights issue for Sembcorp Marine and a demerger of both companies. The conclusion of this corporate restructuring resulted in a utility group that was more streamlined that was no longer burdened by the losses from its once majority-owned marine division. Since then, SCI has wasted no time in affirming its commitment to a new, sustainable future. In May, the group launched its green financing framework to drive investments in renewable energy across its market. And just last week, SCI unveiled a bold plan to transform its portfolio “from brown to green” by betting big on renewable energy....