Published 11 days ago • loading... • Updated 10 days ago

Sanjiv Goenka-Led RPSG Arm to Acquire 1.4 GW Solar Projects From ReNew for Rs 4,859 Crore

On Monday, Purvah Green Power announced the acquisition of a 1.4 GWp operating solar portfolio from ReNew Solar Power for an enterprise value of ₹4,859 crore .
The portfolio comprises six project special purpose vehicles spread across Rajasthan and Karnataka, with more than 90% of capacity contracted under 25-year power purchase agreements with the Solar Energy Corporation of India .
Parent company CESC Ltd funded the acquisition, which increases Purvah's contracted renewable capacity to 4.8 GWp from approximately 3.4 GWp.
RPSG Vice Chairman Shashwat Goenka said the deal "gives us immediate operating scale, complements our strong pipeline of contracted capacity, and meaningfully brings forward the growth of the platform."
The acquisition supports the RP-Sanjiv Goenka Group's stated target of building a 10 GW renewable energy platform over the next few years, with completion expected by October 2026.

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RP-Sanjiv Goenka Group buys ReNew Solar Power for Rs 4,859 crore

The acquisition will take Purvah’s contracted capacity to 4.8 GWp and strengthen its operating renewable energy portfolio

10 days ago·Noida, India

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Financial Express

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RPSG to acquire ReNew solar assets for Rs 4,859 crore

India's renewable energy sector is seeing a surge in mid-sized M&A deals, led by RPSG Group's ₹4,859-crore solar portfolio acquisition from ReNew as companies race to scale up capacity.

10 days ago·Noida, India

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Reuters

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India's CESC unit to acquire renewable assets from ReNew Solar for $510 ...

10 days ago·London, United Kingdom

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Bloomberg

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India’s CESC Buys $509-Million Solar Assets From ReNew

11 days ago·New York, United States

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The Hindu

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RPSG Group’s Purvah Green to acquire 1.4 GWp solar plants from ReNew Solar for ₹4,859 crore

RPSG's Purvah Green to acquire 1.4 GWp solar plants from ReNew Solar for ₹4,859 crore, enhancing its renewable energy portfolio.

11 days ago·Chennai, India

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Times of India

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Sanjiv Goenka-led RPSG arm to acquire 1.4 GW solar projects from ReNew for Rs 4,859 crore

In a move that signifies a major leap towards sustainability, CESE Ltd, under the RP-Sanjiv Goenka Group, is acquiring six solar projects, consolidating a total capacity of 1.4 GWp at a cost of Rs 4,859 crore. Following this acquisition, Purvah Green Powers capacity will reach 4.8 GWp, aligning perfectly with the group's goal to develop a robust 10 GW renewable energy platform.

11 days ago·India

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