SUBSCRIBE
PROFILE

Sembcorp acquires ReNew’s solar unit in India for $190mn

Sembcorp Industries has signed a purchase agreement to acquire a 300-megawatt solar plant in India, boosting its renewable energy footprint to a total capacity of 6.9 gigawatts.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Sembcorp Industries Ltd, a Singapore-based energy group backed by sovereign wealth fund Temasek Holdings, has announced the signing of an acquisition agreement with ReNew Pvt Ltd for a solar unit located in India for SGD246mn ($190.02mn). The transaction, conducted through one of its subsidiaries, aligns with the group’s strategy to strengthen its renewable energy portfolio in the Indian subcontinent.

The target company, ReNew Sun Bright, operates a 300-megawatt solar power plant located in the northwestern Indian state of Rajasthan. The plant entered commercial operation in November 2021 and operates under a 25-year power purchase agreement with the state-owned electricity distribution company. The facility is fully operational.

Expansion of energy portfolio in India

The addition of this unit will bring Sembcorp’s total installed and development capacity in the country to 6.9 gigawatts. The acquisition reflects a broader strategy to consolidate assets in one of Asia’s fastest-growing markets for large-scale solar projects. The company has already undertaken several expansions in India’s renewable sector, focusing on high-sunlight regions with increasing energy demand.

India is currently targeting 500 gigawatts of clean energy capacity by 2030, up from about 165 gigawatts today. In this context, acquisitions of operational assets by international groups offer a way to scale up generation capacity without the delays associated with construction.

Strategic positioning and long-term visibility

The ReNew Sun Bright project offers contractual visibility through its 25-year supply agreement with a public utility, reducing market risks for the Singaporean investor. Acquiring mature assets is a preferred approach for Sembcorp in high-growth regions, where regulatory stability and long-term contracts provide revenue certainty.

The deal comes amid a competitive environment marked by increased interest in India’s energy infrastructure. Many companies are seeking to leverage the country’s energy transition goals while securing predictable returns through structured contractual frameworks.

  • Popular on energynews.pro
Iberdrola adds 708 MW of solar capacity to joint venture with Norges Bank
EDF power solutions and El Paso Electric launch 150 MW solar facility in New Mexico
TotalEnergies sells Norwegian oil assets to Vår Energi to reduce debt
Clariant targeted by BP and ExxonMobil in ethylene case
Exxon to cut up to 500 jobs in Singapore as part of global restructuring
Mars invests in 100 solar projects in Poland with GoldenPeaks Capital
Mars signs a major contract with GoldenPeaks Capital to develop over 100 solar plants in Poland, aiming to power its European operations and supply chain with renewable electricity.
Doral Renewables signs contract for 430 MW of solar power in Texas
Doral Renewables has signed a power purchase agreement for 75% of the output from its Cold Creek Solar project, expanding its contracted portfolio to over 1.6 GW nationwide.
France: SNCF signs two 25-year solar contracts with Octopus and BayWa r.e.
SNCF Voyageurs secures direct solar electricity supply from two plants owned by Octopus Energy and BayWa r.e., through 25-year agreements aimed at powering its rail network.
Solar and storage equipment prices to rise 9% from Q4 2025
The end of China's VAT rebate and reduced output bring an end to eighteen months of historically low prices in solar and storage sectors.
Kuwait shortlists bidders for 500 MW photovoltaic solar project
The Kuwait Authority for Partnership Projects has shortlisted several companies for Phase III of the Al Dibdibah solar plant, with a net capacity of 500 MW.
Indian regulator opens proceedings over solar firms’ losses linked to transmission delays
The Central Electricity Regulatory Commission has agreed to examine compensation claims by ACME Solar and AMPIN Energy, citing losses caused by non-operational transmission lines.
Waaree Energies launches 950 MW solar unit at its Gujarat plant
Waaree Energies has activated a new 950 MW photovoltaic module production line in Degam, strengthening its industrial investment programme in western India.
India launches tender for 3,640 kW rooftop solar under SECI
India opens a new rooftop solar tender phase, offering 3,640 kW under the RESCO model, with a pre-bid meeting held online on October 6 by Solar Energy Corporation of India.
Shizen Energy secures 100MW in solar contracts with Microsoft in Japan
The Japanese developer has reached a total of 100MW in solar capacity under power purchase agreements with Microsoft, spread across four projects in the country, two of which are already operational.
Neoen secures four new long-term solar PPAs with SNCF Énergie
SNCF Énergie signed four new renewable electricity purchase agreements with Neoen in July, covering the annual consumption equivalent of the TGV Paris–Bordeaux line.
RWE commissions 4 MWp solar park on former landfill site in Charente-Maritime
RWE has inaugurated a 4 megawatt-peak solar park in Charente-Maritime, built on a former municipal landfill site and capable of supplying electricity to approximately 1,500 households.
Red Rocket secures financing for 331 MWp solar park in South Africa
Producer Red Rocket has finalised financing for a 331 MWp solar park in Mpumalanga, backed by a 20-year power purchase agreement with Discovery Green.
SIG launches €1.6mn fundraising for 12 solar projects in Italy
Sun Investment Group has launched a crowdfunding campaign with Enerfip to raise up to €1.6mn ($1.7mn) to support the development of twelve photovoltaic plants in Italy totalling 113 MW.
GreenYellow to build 1.5 MWp solar power plant for Volailles et Traditions in Mauritius
GreenYellow will develop a 1.5 MWp photovoltaic plant in Mauritius for Volailles et Traditions, with an expected annual output of 2.45 GWh fed into the national power grid.
Thailand can save $1.8 billion by boosting solar and battery capacity
An alternative energy scenario proposes increasing solar and storage capacity by 2037 to reduce fossil fuel dependence and cut electricity generation costs in Thailand.
Osaka Gas and Daiwa acquire 25MW solar plant from Kyocera
Osaka Gas and Daiwa Energy & Infrastructure have formed a partnership to expand their renewable energy business with the acquisition of a 25MW solar power plant in Kyoto, formerly owned by Kyocera TCL Solar.
GSU met en service 50 MW solaires avec stockage à N’Djamena
Global South Utilities, filiale de Resources Investment LTD, inaugure à N’Djamena la centrale Noor Chad de 50 MW avec 5 MWh de stockage, dimensionnée pour alimenter des centaines de milliers de foyers et exploitée directement par l’entreprise.
European Union unlocks €545mn to modernise African power grids
Nine African countries will receive €545mn ($638mn) in European Union funding to support rural electrification and strengthen regional renewable energy infrastructure.
TotalEnergies sells 50% of North American solar assets for $950 million
TotalEnergies will transfer half of a 1.4 gigawatt solar portfolio to KKR, strengthening its position in the North American power market while securing $950 million through the sale and bank refinancing.
EDP inaugurates a 16MWc solar park on brownfield land in Menestreau
EDP, via EDP Renewables, inaugurates in Menestreau (Nièvre) a photovoltaic park of nearly 16MWc, comprising 29,630 panels and designed to produce about 19GWh per year, in co-activity with sheep farming.