New Delhi, Oct. 8 -- Nasdaq-listed ReNew Energy Global Plc has agreed to sell 300 megawatt (MW) of solar projects to Singapore's Sembcorp Industries Ltd in a deal with an equity and enterprise value of around $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 Fatehga...