ReNew Energy sells 300 MW solar asset for ~$191M

ReNew Energy Global Plc reported that it has agreed to sell its 300 MW ReNew Sun Bright solar project in Rajasthan to Sembcorp Green Infra Private Limited at an enterprise value of about $191 million, based on an exchange rate of $1 = INR 88.50.

Rhea-AI Filing Summary

ReNew Energy Global Plc reported that it has agreed to sell its 300 MW ReNew Sun Bright solar project in Rajasthan to Sembcorp Green Infra Private Limited at an enterprise value of about $191 million, based on an exchange rate of $1 = INR 88.50. A definitive agreement was signed on October 8, 2025, between Sembcorp Green Infra, a wholly owned subsidiary of Sembcorp Industries, and ReNew Private Limited for the sale of ReNew Sun Bright Private Limited.

The transaction is expected to close after customary conditions are met and is projected to generate approximately $98 million in cash inflow for ReNew, after closing adjustments. The ReNew Sun Bright project, commissioned in November 2021 in Jaisalmer, Rajasthan, operates under a 25-year power purchase agreement with Maharashtra State Electricity Distribution Co. Ltd., providing long-term contracted revenue to the buyer.

Insights

Renewable infrastructure and M&A analyst

ReNew monetizes a contracted solar asset for about $191M EV and ~$98M cash inflow.

ReNew Energy Global Plc has agreed to sell its 300 MW ReNew Sun Bright solar project in Rajasthan at an enterprise value of about $191 million. The project has a 25-year power purchase agreement with Maharashtra State Electricity Distribution Co. Ltd., giving the buyer long-term contracted cash flows underpinned by a state utility.

The transaction is expected to generate approximately $98 million in cash inflow for ReNew, subject to closing adjustments, after customary conditions are satisfied. This converts a relatively young asset, commissioned in November 2021, into immediate liquidity, while transferring future project risks and obligations to Sembcorp Green Infra Private Limited, a wholly owned subsidiary of Sembcorp Industries.

For investors, the key elements are the scale of the project at 300 MW, the long-dated PPA with MSEDCL, and the indicated cash inflow of about $98 million following closing. Subsequent disclosures in company filings may detail how ReNew redeploys this capital across its broader decarbonization portfolio.

FAQ

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What transaction did ReNew Energy Global Plc (RNW) announce in this 6-K?

ReNew Energy Global Plc announced that it agreed to sell its 300 MW ReNew Sun Bright solar project in Rajasthan to Sembcorp Green Infra Private Limited at an enterprise value of about $191 million, with a definitive agreement signed on October 8, 2025.

How much cash inflow is ReNew Energy Global Plc (RNW) expecting from the solar project sale?

ReNew expects the sale of ReNew Sun Bright Private Limited to generate approximately $98 million in cash inflow, subject to closing adjustments, once the transaction closes following customary conditions.

What are the key features of the ReNew Sun Bright solar project being sold by ReNew (RNW)?

The ReNew Sun Bright solar project has 300 MW of capacity, is located in Jaisalmer, Rajasthan, was commissioned in November 2021, and operates under a 25-year power purchase agreement with Maharashtra State Electricity Distribution Co. Ltd.

Who is buying the 300 MW solar project from ReNew Energy Global Plc (RNW)?

The buyer is Sembcorp Green Infra Private Limited, a wholly owned subsidiary of Sembcorp Industries, which entered into a definitive agreement with ReNew Private Limited to acquire ReNew Sun Bright Private Limited.

What exchange rate was used to indicate the $191 million enterprise value in the ReNew (RNW) deal?

The approximate enterprise value of $191 million for the sale of the 300 MW solar project is based on an exchange rate of $1 = INR 88.50.

When was the definitive agreement for ReNew Energy Global Plc (RNW)’s asset sale signed and what conditions remain?

The definitive agreement for the sale of ReNew Sun Bright Private Limited was signed on October 8, 2025, and the transaction is expected to close after customary conditions are met.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/08/2025 - 07:00 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2025

Commission File Number: 001-40752

RENEW ENERGY GLOBAL PLC

(Translation of registrant’s name into English)

C/O Vistra (UK) Ltd, Suite 3, 7th Floor

50, Broadway, London, England, SW1H 0DB, United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

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

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: October 8, 2025	RENEW ENERGY GLOBAL PLC
	By:	/s/ Kailash Vaswani
	Name:	Kailash Vaswani
	Title:	Chief Financial Officer