Mergers & Acquisitions ·
On August 10, 2026, ReNew Energy Global plc agreed to sell 1,055 MW of solar projects in Rajasthan and Karnataka to…
RNWWWReNew Energy Global plc
On August 10, 2026, ReNew Energy Global plc agreed to sell 1,055 MW of solar projects in Rajasthan and Karnataka to Purvah Green Power Private Limited, a subsidiary of CESC Limited. The transaction carries an enterprise value of approximately INR 50.8 billion (US$532 million), with US$24 million contingent on change-in-law orders as an earn-out. ReNew expects the deal to generate approximately INR 18.1 billion (US$190 million) in cash inflow upon closing, subject to adjustments. The assets include multiple projects commissioned between 2017 and 2025 with long-term power purchase agreements. ReNew Energy Global plc is a leading decarbonization solutions company and independent power producer in India that develops clean energy infrastructure and provides digital value-added offerings.