RPSG unit to buy ReNew 1.4 GWp operating solar portfolio for INR 4,859 crore

Purvah Green Power, a subsidiary of CESC, is buying ReNew's 1.4 GWp operating solar portfolio in one of India's larger operating-renewables transactions. More than 90% of the capacity is tied to Solar Energy Corporation of India contracts, with the remainder contracted with Karnataka distribution companies. The acquisition lifts Purvah's contracted capacity to 4.8 GWp, including 1.8 GWp operational capacity, and accelerates RPSG's target of building a 10 GW renewable energy platform.