India’s RP-Sanjiv Goenka Group (RPSG) has announced that the group’s subsidiary Purvah Green Power Private Limited, the renewable energy platform of CESC Limited, is set to acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power Private Limited, held across six project special purpose vehicles in Rajasthan and Karnataka, at an enterprise value of USD 509 million. CESC is the flagship power utility of ​the RP-Sanjiv Goenka Group and ​serves ⁠about 4.4 million consumers through its power distribution businesses. It gives us immediate operating scale, complements our strong pipeline of contracted capacity, and meaningfully brings forward the growth of the platform,” Shashwat Goenka, Vice chairman, RPSG, said. Purvah’s contracted capacity stood at approximately 3.4 GWp prior to the transaction. Following completion, total contracted capacity rises to 4.8GWp, of which 1.8 GWp is operational and 3 GWp is tied-up, at various stages of construction.