Sembcorp acquires Indian solar power project for S$246 million
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Sembcorp Industries has completed its acquisition of Indian solar power company ReNew Sun Bright for S$246 million through its subsidiary Sembcorp Green Infra. This acquisition aligns with Sembcorp's goal of achieving 25 GW of renewable capacity by 2028. ReNew Sun Bright operates a 300 MW solar power asset in Rajasthan, India. The acquisition is expected to contribute to a long-term return on equity of 10% for renewables. Sembcorp's global renewables portfolio now stands at 20.2 GW.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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