Sembcorp’s India unit to acquire ReNew Sun Bright for $246m

Upon completion, the group’s gross renewable energy capacity in India will reach 6.9 gigawatts.

Sembcorp Industries, through its Sembcorp Green Infra subsidiary, has entered into a share purchase agreement with ReNew Private Limited to acquire ReNew Sun Bright for $246m.

ReNew Sun Bright operates a 300-megawatt solar asset in Fatehgarh, Rajasthan, India, connected to the national grid via the Inter-State Transmission System.

It will be funded through a combination of internal cash resources and external borrowings, and is expected to be completed by the first half of 2026.

Upon completion, Sembcorp’s gross renewable energy capacity in India will reach 6.9 gigawatts.

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