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Sembcorp acquires Indian solar power firm for $246m

The Straits Times

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December 27, 2025

Sembcorp Industries on Dec 26 announced that it has completed its acquisition of Indian solar power company ReNew Sun Bright, through its wholly owned subsidiary Sembcorp Green Infra.

Sembcorp acquires Indian solar power firm for $246m

This marks another step in the group’s pivot towards green energy.The $246 million deal brings the group closer to its target of achieving 25 gigawatts (GW) of gross installed renewable capacity by 2028, Citi analyst Luis Hilado said in October, when the deal was first announced.

Sembcorp also has a 2028 target of 0.15 tonne of carbon dioxide equivalent per megawatt (MW) hour of power generated, with recent projections putting its carbon emissions intensity on a downward trajectory — though it is now off track after its acquisition of Australia’s Alinta Energy.

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