<cite index="1-1">Purvah Green Power acquires six operational renewable energy SPVs (1.4GW, 1,411.48 MWDC) from ReNew Solar Power in ₹4,859 cr deal</cite>

M&A / JV 10 Aug 2026· ₹4,859 cr (excl. ₹230 cr earn-out) · Announced· ✓ Verified

Purvah acquires 100% share capital of ReNew Hans Urja (810MW), ReNew Solar Photovoltaic (506.25MW), ReNew Wind Energy (Karnataka 3, MP Four, Karnataka 4) and ReNew Agni Power via SPA signed 10 Aug 2026. Over 90% of capacity contracted with SECI under 25-year PPAs; remainder with Karnataka DISCOMs (BESCOM/HESCOM), all at 25-year tenor. Deal valued at INR 48.59 billion (US$509 million), excluding contingent earn-out of INR 2.3 billion linked to change-in-law claims. Completion expected before 31 October 2026.

Why it mattersDeal marks shift from greenfield pipeline to operating assets anchored by contracted cash flows-a portfolio composition inflection for India's emerging renewable platforms; no regulatory approval required, accelerating completion timeline.
CounselKhaitan & Co, HSA Advocates
SectorEnergy & Renewables
Value₹4,859 cr (excl. ₹230 cr earn-out)
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