Sembcorp to buy ReNew unit for $189mn

R Amin01 mins mins

<h2>Sembcorp</h2> <p> to buy ReNew unit for $189mn” decoding=”async” fetchpriority=”high”/></p></div> </div> </div> </section> </div></div> </div> <p>New Delhi: Sembcorp Industries is acquiring ReNew Sun Bright, a venture of ReNew Power that operates a 300 MW solar power project, for about $189 million (Singapore $246 million).<!-- --> <span class=Sembcorp will fund the acquisition through a combination of internal cash resources and external borrowings.

The deal is expected to be completed in the first half of 2026.ReNew Sun Bright’s project is located in Fatehgarh district of Rajasthan.

It started in 2021 and operates under a 25-year power buy agreement with Maharashtra State Electricity Distribution Company.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News