RPSG Group’s Purvah Green to acquire 1.4 GWp solar plants from ReNew Solar for ₹4,859 crore
Purvah Green Power, a subsidiary of the RPSG Group, is acquiring a 1.4 GWp solar portfolio from ReNew Solar for ₹4,859 crore. The deal, expected to close by 2026, significantly expands the group's renewable energy capacity.
Why it matters
This acquisition represents a major consolidation in the Indian renewable energy sector, supporting the transition toward large-scale green energy infrastructure.
The RP-Sanjiv Goenka Group (RPSG) subsidiary, Purvah Green Power Private Ltd, the renewable energy platform of CESC Ltd, is set to acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power Private Ltd for ₹4,859 crore.
In this regard, an agreement has been signed to acquire the portfolio comprising six special purpose vehicles (SPVs) located across Rajasthan and Karnataka.
The acquisition would be funded by the parent company. The deal is expected to be completed by October 2026, CESC Ltd said in a filing with exchanges.
The assets under the transaction are operating projects with more than 90% of the capacity contracted with the Solar Energy Corporation of India (SECI), under long-term power purchase agreements (PPAs). The balance is contracted with Karnataka distribution companies. All PPAs are over a 25-year tenure.
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