The deal, valued at approximately Singapore $246 million and subject to customary adjustments, marks a strategic expansion of Sembcorp’s renewable energy footprint in India.
Singapore headquartered Sembcorp Industries, through its wholly-owned subsidiary Sembcorp Green Infra Pvt. Ltd has signed a share purchase agreement to acquire 100 per cent of ReNew Sun Bright Pvt. Ltd from ReNew Pvt Ltd.
The deal, valued at approximately Singapore $246 million ($179.6 million / ₹170 billion)—subject to customary adjustments—marks a strategic expansion of Sembcorp’s renewable energy footprint in India.
ReNew Sun Bright owns and operates a 300 MW solar power asset located in Fatehgarh, Rajasthan. The project, which commenced commercial operations in November 2021, is connected to the national grid via the Inter-State Transmission System and operates under a 25-year power purchase agreement with Maharashtra State Electricity Distribution Co. Ltd.
The acquisition will be funded through a mix of internal cash resources and external borrowings. Completion is expected in the first half of 2026, subject to regulatory approvals and other conditions precedent.
Once finalised, Sembcorp’s gross renewable energy capacity installed and under development in India will reach 6.9GW. Globally, the company’s renewable portfolio will stand at 19.3GW, including acquisitions pending completion.