Purvah Green acquires 1.4GW solar assets from ReNew Solar Power
Type: Acquisition · Technology: Solar · Country: India · Announced: 2026-08-12
Purvah Green completed the acquisition of a 1.4GW operating solar portfolio from ReNew Solar Power for an enterprise value of $509 million (₹4,859 crore). The portfolio consists of six project special purpose vehicles located across Rajasthan and Karnataka. This acquisition increases Purvah Green's contracted solar capacity to 4.8GWp, alongside 2.2GWh of battery storage capacity currently under implementation. The deal supports the RP Sanjiv Goenka Group's strategic objective of building a 10GW renewable energy platform. The transaction expands Purvah Green's operating portfolio and reinforces its position in India's rapidly growing solar energy market.
Analysis
Purvah Green acquired a 1.4GW operating solar portfolio from ReNew Solar Power for an enterprise value of $509 million (₹4,859 crore) on August 12, 2026. ReNew Solar Power, the seller, is an Indian decarbonization solutions company listed on Nasdaq with 20.2 GW renewable energy portfolio across solar, wind, hydro, and green hydrogen. Purvah Green, the buyer, is an infrastructure company based in India and a subsidiary of the RP Sanjiv Goenka Group. The acquisition increases Purvah Green's contracted solar capacity to 4.8GWp, alongside 2.2GWh of battery storage capacity currently under implementation. The portfolio consists of six project special purpose vehicles located across Rajasthan and Karnataka.
Key points
- 1.4GW operating solar portfolio acquired
- $509 million (₹4,859 crore) enterprise value
- August 12, 2026, acquisition date
- 6 project special purpose vehicles across Rajasthan and Karnataka
- 4.8GWp contracted solar capacity for Purvah Green
Counterparties
- ReNew Solar Power (Seller)
- Purvah Green (Buyer)
- RP Sanjiv Goenka Group (Parent Company)
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