Sembcorp acquires Renew Sun Bright

Sembcorp Green Infra, a subsidiary of Singapore's Sembcorp Industries, has entered a share purchase agreement with ReNew for solar subsidiary ReNew Sun Bright for US$190m.

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ReNew Sun Bright owns a 300MW solar project in Fatehgarh, Rajasthan, that commenced operation in November 2021. The project is connected to the interstate transmission system and has a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company.