Key Takeaways
- Sembcorp acquires 100% stake in ReNew Sun Bright, enhancing its renewable capacity in India.
- The company’s total renewable capacity in India exceeds 7.6GW.
- Sembcorp’s global renewables portfolio reaches 20.2GW, promoting energy transition solutions.
Renewable Expansion in India
Sembcorp Industries, a Singapore-based energy and urban solutions provider, has successfully acquired a 100% stake in ReNew Sun Bright Pvt Ltd from ReNew Pvt Ltd. This acquisition includes ownership of a 300MW solar power project located in Fatehgarh, Rajasthan. Sembcorp Green Infra Pvt Ltd was the acquirer in this transaction, marking a significant step in Sembcorp’s efforts to expand its renewable energy operations in India.
With this latest acquisition, Sembcorp’s total renewable capacity in India has exceeded 7.6GW, contributing to the company’s aggressive growth strategy in the region. Beyond India, Sembcorp’s global renewables portfolio amounts to 20.2GW, bolstered by additional acquisitions that are currently pending completion. This expansion reaffirms Sembcorp’s commitment to delivering sustainable energy solutions and promoting a cleaner energy landscape globally.
Sembcorp Industries leverages its extensive sector expertise and solid global track record to facilitate energy transitions and support urban development initiatives. Headquartered in Singapore, the company is publicly listed on the Singapore Exchange and continues to be a pivotal player in advancing sustainable energy solutions.
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