# Purvah Green to buy 1.4 GWp solar portfolio from ReNew for Rs 4,859 crore

2026-08-10T13:58:22+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Purvah Green Power, the renewable energy arm of RPSG Group’s CESC Ltd, will acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power for an enterprise value of Rs 4,859 crore. The deal covers six solar projects in Rajasthan and Karnataka, with over 90% capacity contracted to SECI under 25-year power purchase agreements. The cash consideration is Rs 1,582 crore, funded through internal accruals and minimal debt, CESC said in an exchange filing. Purvah’s contracted capacity will rise to 4.8 GWp after the acquisition, which is expected to close by October 2026. RPSG vice chairman Shashwat Goenka said the group plans to build a 10 GW renewable energy platform, requiring an investment of around Rs 65,000 crore.

## Coverage

- thehindu.com <https://www.thehindu.com/business/Industry/rpsg-groups-purvah-green-to-acquire-14-gwp-solar-plants-from-renew-solar-for-4859-crore/article71328069.ece>
- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/business/india-business/cesc-unit-to-buy-six-solar-projects-from-renew/articleshow/133139964.cms>

Tags: acquisition, ReNew Power, renewable energy, RPSG, SECI, solar power
Canonical: https://indianopinion.org/rpsg-arm-purvah-green-buys-1-4-gw-solar-assets-from-renew-for-rs-4859-crore/
License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources.
Cite: https://indianopinion.org/rpsg-arm-purvah-green-buys-1-4-gw-solar-assets-from-renew-for-rs-4859-crore/#story-in-brief

Review state: restored archive article, accurate at time of publication, not offered to search indexes.