SEMBCORP TO ACQUIRE 100% OF RENEW SUN BRIGHT STRENGTHENING ITS INDIA RENEWABLES PORTFOLIO – EQ
Gurugram – Sembcorp Industries (Sembcorp) through its wholly- owned subsidiary, Sembcorp Green Infra Private Limited, has entered into a share purchase agreement with ReNew Private Limited to acquire 100% ownership of ReNew Sun Bright Private Limited (ReNew Sun Bright), for a total consideration 1 of approximately S$246 million2.
ReNew Sun Bright owns and operates a 300 MW solar power asset located in Fatehgarh, Rajasthan, India. The project commenced commercial operations in November 2021 and is connected to the national grid via the Inter-State Transmission System. It operates under a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company Limited.
The acquisition will be funded through a combination of internal cash resources and external borrowings. Completion is subject to conditions precedent, including regulatory approvals, and is expected in the first half of 2026.
Upon completion, Sembcorp’s gross renewable energy capacity installed and under development in India will reach 6.9 GW3. Globally, Sembcorp has achieved a gross renewable energy capacity of 19.3GW4, including acquisitions pending completion.
ABOUT SEMBCORP INDUSTRIES
Sembcorp Industries (Sembcorp) is a leading energy and urban solutions provider, led by its purpose to drive energy transition.
Headquartered in Singapore, Sembcorp delivers sustainable solutions to support energy transition and urban development by leveraging its sector expertise and global track record.
Sembcorp has a balanced energy portfolio of 27.4GW, including 19.3GW of gross renewable energy capacity, across 11 countries*.
Its urban development projects span 14,800 hectares across Asia and have generated over 414,000 employment opportunities and attracted close to US$58 billion of investment capital.
Sembcorp is listed on the main board of the Singapore Exchange. It is a constituent stock of FTSE Russell Index, MSCI Singapore Index, Straits Times Index as well as sustainability indices including FTSE4Good Index and several MSCI ESG indices.
