10/08/2025 | Press release | Distributed by Public on 10/08/2025 05:00
Other events
On October 8, 2025, ReNew Energy Global Plc ("ReNew"), India's leading decarbonization solutions company, announced that it has agreed to sell its 300 MW solar project in Rajasthan to Sembcorp Green Infra Private Limited at an enterprise value of ~$191 million*. A definitive agreement to this effect was signed on 8 October 2025, between Sembcorp Green Infra Private Limited, a wholly owned subsidiary of Sembcorp Industries and ReNew Private Limited for sale of ReNew Sun Bright Private Limited ("RSBPL"). The transaction is expected to close following customary conditions and is projected to generate approximately $98 million in cash inflow for ReNew, subject to closing adjustments.
ReNew Sun Bright, located in Jaisalmer, Rajasthan, was commissioned in November 2021. The project has a 25-year Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL).
*based on the exchange rate of $1 = INR 88.50