Purvah Green Power Private Limited acquires 1.4 GW renewable energy portfolio from ReNew Solar Power for ₹4,859 crore
Type: Acquisition · Technology: Solar · Country: India · Announced: 2026-08-10
Purvah Green Power Private Limited, a subsidiary of CESC Limited, completed the acquisition of a 1.4 GW renewable energy portfolio from ReNew Solar Power for INR 4,859 crore (approximately $580 million). The transaction includes six renewable energy companies, expanding Purvah Green Power's operational capacity to 4.8 GWp while prioritizing immediate cash flows. The deal was structured without requiring regulatory approvals and is expected to close before October 31, 2026. ReNew Solar Power, a unit of ReNew Energy Global Plc, divested the portfolio to strengthen its financial position amid India's renewable energy expansion. The acquisition aligns with CESC Limited's strategy to scale its green energy footprint in India's rapidly growing solar market.
Counterparties
- Purvah Green Power Private Limited (Buyer)
- ReNew Solar Power (Seller)
- CESC (Parent Company)
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