India’s CESC said on Monday its renewable energy platform Purvah Green Power will buy a 1.4-gigawatt operational solar portfolio from ReNew Solar Power for ₹4,859 crore ($510.1 million).Here are some more details:* The transaction, expected to close before October 31, will be funded by the parent company, and will accelerate the group’s plan to build a 10 GW renewable energy platform over the next few years.* The portfolio being bought comprises six operating projects across Rajasthan and Karnataka states, with more than 90% of the capacity contracted to state-run Solar Energy Corp of India under long-term power purchase agreements.* Following the acquisition, Purvah’s contracted renewable energy capacity will increase to 4.8 GW, including 1.8 GW of operational capacity and 3 GW under construction.* CESC is the flagship power utility of the RP-Sanjiv Goenka Group and serves about 4.4 million consumers through its power distribution businesses.* Incorporated in 2023, Purvah develops and operates solar, wind and hybrid renewable energy projects across India.Published on August 10, 2026
CESC unit to acquire renewable assets from ReNew Solar for $510 million
CESC's Purvah Green Power to acquire 1.4 GW solar assets from ReNew Solar for $510 million, boosting renewable capacity.
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