RPSG Group’s Purvah Green to acquire solar plants from ReNew Solar
Summary
- Purvah Green to acquire 1.4 GWp solar plants from ReNew Solar for ₹4,859 crore
- The acquisition will increase Purvah Green's total contracted capacity to 4.8 GWp
- Prior to the transaction, Purvah Green's contracted capacity stood at about 3.4 GWp
Key Facts
- · Acquisition amount: ₹4,859 crore
- · Acquired capacity: 1.4 GWp
- · Purvah Green's initial contracted capacity: 3.4 GWp
- · Purvah Green's total contracted capacity after acquisition: 4.8 GWp
Why it matters
The acquisition is significant for the renewable energy sector in India, indicating growing investment and consolidation in the industry
#Renewable Energy#Solar Plants#Mergers and Acquisitions#Indian Economy