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ReNew in $190-million Sembcorp solar deal
Mint Bangalore
|October 09, 2025
Nasdaq-listed firm is selling assets as part of its capital recycling strategy
ReNew Energy founder-chairman Sumant Sinha.
Nasdaq-listed ReNew Energy Global Plc has agreed to sell 300MW of solar projects to Singapore's Sembcorp Industries Ltd in a deal with an equity and enterprise value of around $100 million and $190 million, respectively.
"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 of approximately S$246 million," Sembcorp said in a statement. The projects are located in Rajasthan and supply electricity to Maharashtra.
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