Sembcorp to Acquire ReNew Sun Bright in Rs 17,000 Million Deal
POWER & RENEWABLE ENERGY

Sembcorp to Acquire ReNew Sun Bright in Rs 17,000 Million Deal

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement