# CESC to buy ReNew solar assets worth Rs 4,860 crore

2026-08-10T14:45:39+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

CESC Ltd, part of the RP-Sanjiv Goenka Group, will buy solar assets in Rajasthan and Karnataka from ReNew Solar Power for an enterprise value of Rs 4,860 crore (about $509 million). Its renewable unit Purvah Green Power will pay Rs 1,580 crore in cash and expects to close the deal by 31 October. The acquisition will add around 1.4 GW-peak of solar capacity. Over 90 percent of the electricity from these projects is already contracted under long-term power purchase agreements with SECI. The group aims to reach a 10 GW renewable portfolio within two years.

## Coverage

- bazaar.businesstoday.in <https://bazaar.businesstoday.in/business-news/story/cesc-to-acquire-renew-solar-assets-worth-forty-eight-point-six-billion-rupees-adding-one-point-four-gigawatt-capacity-1435958-2026-08-10?utm_source=rssfeed>

Tags: acquisition, CESC, ReNew, renewable portfolio, SECI, solar energy
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