Sembcorp to acquire 300 MW ReNew solar project in Rajasthan

Sembcorp Industries, through its subsidiary Sembcorp Green Infra Private Limited (SGIPL), has signed an agreement to acquire ReNew Sun Bright Private Limited from ReNew Private Limited for approximately S$246 million.

According to the company, the transaction will be financed through a mix of internal funds and external borrowings. It is expected to close in the first half of 2026, pending regulatory and other standard approvals. After the deal is completed, Sembcorp’s total renewable energy portfolio in India—operational and under development—will reach 6.9 GW.

ReNew Sun Bright operates a 300 MW solar power plant in Rajasthan that began commercial operations in November 2021. The facility is connected to the national grid through the inter-state transmission system and supplies electricity to the Maharashtra State Electricity Distribution Company Limited under a 25-year power purchase agreement.