Singapore-based Sembcorp Industries has announced plans to acquire ReNew Pvt Ltd’s unit, ReNew Sun Bright, for approximately 246 million Singapore dollars (around Rs 17,000 million). The deal is set to be funded through a combination of internal cash and external borrowings, with completion expected in the first half of 2026, subject to regulatory approvals and other closing conditions.

Following the acquisition, Sembcorp’s total gross renewable energy capacity in India will rise to 6.9GW. Globally, the company’s gross renewable portfolio, including pending acquisitions, will reach 19.3GW.

ReNew Sun Bright operates a 300-MW solar power plant in Fatehgarh, Rajasthan, which commenced commercial operations in November 2021. The plant is connected to the national grid via the Inter-State Transmission System and functions under a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company Limited.

Founded in 2008, Sembcorp Green Infra has established a footprint across 18 Indian states. Part of Sembcorp Industries, it focuses on energy and urban solutions, with a commitment to sustainability.