Temasek-backed Sembcorp to acquire solar energy unit from Renew Energy Global for $190m.

Synopsis

Temasek-backed Sembcorp, a Singaporean state-owned energy and urban development company, agreed to acquire solar energy unit from Renew Energy Global, a decarbonisation solutions company, for $190m.

Principals

target

Renew Sun Bright (solar Energy Unit)

bidder

Temasek Holdings

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Market Context