New Delhi, Oct. 9 -- Nasdaq-listed ReNew Energy Global Plc has agreed to sell 300MW of solar projects to Singapore's Sembcorp Industries Ltd in a deal with an equity and enterprise value of between $100 million and $190 million. "Sembcorp Industries (Sembcorp) through its wholly-owned subsidiary, Sembcorp Green Infra Private Limited, has entered into a share purchase agreement with ReNew Private Limited to acquire 100% ownership of ReNew Sun Bright Private Limited (ReNew Sun Bright), for a total consideration of approximately S$246 million," Sembcorp said in a statement. The projects are located in Rajasthan and supply electricity to Maharashtra. "ReNew Sun Bright owns and operates a 300MW solar power asset located in Fatehgarh, Rajasthan, India. The project commenced commercial operations in November 2021 and is connected to the national grid via the Inter-State Transmission System. It operates under a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company Limited," the statement said. "The acquisition will be funded through a combination of internal cash resources and external borrowings. Completion is subject to conditions precedent, including regulatory approvals," it added. ReNew was in talks with Sembcorp to sell 350MW solar projects, Mint had reported on 29 February last year. An earlier proposed deal for 1.1GW, comprising ReNew's solar (350MW) and wind power assets (750MW), couldn't be agreed upon due to a valuation gap on wind assets. Ahmedabad-based Torrent Power had also earlier submitted a non-binding offer for ReNew's solar and wind power assets totalling 1.1GW. The current deal only covers solar farms. The asset sale comes as a consortium comprising Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board, Abu Dhabi Investment Authority's Platinum Hawk and ReNew Energy founder-chairman Sumant Sinha plans to take the company private....