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The RP-Sanjiv Goenka Group (RPSG) has announced that Purvah Green Power, the renewable energy platform of CESC, is set to acquire a 1.4 GWp operating solar portfolio from Renew Solar Power, held across six project special purpose vehicles in Rajasthan and Karnataka, at an enterprise value of INR 4859 crore (USD 509 million at INR 95.5/USD). The acquisition has been funded by the parent company.

The transaction is among the largest acquisitions of operating solar assets in the Indian market and marks a decisive shift in the composition of Purvah’s portfolio from a platform built primarily on projects under development to one anchored by assets already generating contracted cash flows.

The acquired assets are operating projects with an established generation track record. More than 90 percent of the capacity is contracted with the Solar Energy Corporation of India (SECI) under long-term power purchase agreements, with the balance contracted with Karnataka distribution companies. All PPAs are over a 25-year tenure.

Commenting on the transaction, Shashwat Goenka, Vice Chairman, RPSG, said, “This acquisition marks a significant acceleration of our renewable energy journey. It gives us immediate operating scale, complements our strong pipeline of contracted capacity and meaningfully brings forward the growth of the platform. We have always believed our renewable growth should combine disciplined greenfield development with selective acquisitions, where they accelerate value creation and the quality and long-term visibility of these assets made this a compelling opportunity. For a Group with a long heritage in the power sector, this marks our move from a conventional power player to a diversified energy platform, and an important step towards building RPSG into one of India’s leading renewable energy platforms.”

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. Additionally, 2.2 GWh battery capacity is also tied-up and under implementation. The acquisition substantially increases the proportion of the portfolio that is already generating revenue and strengthening recurring cash flows well ahead of the commissioning schedule for the under-construction pipeline.

The acquisition also materially accelerates progress towards the group’s immediate stated ambition of building a 10 GW renewable energy platform in the next few years.

The RP-Sanjiv Goenka Group (RPSG) has announced that Purvah Green Power, the renewable energy platform of CESC, is set to acquire a 1.4 GWp operating solar portfolio from Renew Solar Power, held across six project special purpose vehicles in Rajasthan and Karnataka, at an enterprise value of INR 4859 crore (USD 509 million at INR 95.5/USD). The acquisition has been funded by the parent company.

The transaction is among the largest acquisitions of operating solar assets in the Indian market and marks a decisive shift in the composition of Purvah’s portfolio from a platform built primarily on projects under development to one anchored by assets already generating contracted cash flows.

The acquired assets are operating projects with an established generation track record. More than 90 percent of the capacity is contracted with the Solar Energy Corporation of India (SECI) under long-term power purchase agreements, with the balance contracted with Karnataka distribution companies. All PPAs are over a 25-year tenure.

Commenting on the transaction, Shashwat Goenka, Vice Chairman, RPSG, said, “This acquisition marks a significant acceleration of our renewable energy journey. It gives us immediate operating scale, complements our strong pipeline of contracted capacity and meaningfully brings forward the growth of the platform. We have always believed our renewable growth should combine disciplined greenfield development with selective acquisitions, where they accelerate value creation and the quality and long-term visibility of these assets made this a compelling opportunity. For a Group with a long heritage in the power sector, this marks our move from a conventional power player to a diversified energy platform, and an important step towards building RPSG into one of India’s leading renewable energy platforms.”

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. Additionally, 2.2 GWh battery capacity is also tied-up and under implementation. The acquisition substantially increases the proportion of the portfolio that is already generating revenue and strengthening recurring cash flows well ahead of the commissioning schedule for the under-construction pipeline.

The acquisition also materially accelerates progress towards the group’s immediate stated ambition of building a 10 GW renewable energy platform in the next few years.

The RP-Sanjiv Goenka Group (RPSG) has announced that Purvah Green Power, the renewable energy platform of CESC, is set to acquire a 1.4 GWp operating solar portfolio from Renew Solar Power, held across six project special purpose vehicles in Rajasthan and Karnataka, at an enterprise value of INR 4859 crore (USD 509 million at INR 95.5/USD). The acquisition has been funded by the parent company.

The transaction is among the largest acquisitions of operating solar assets in the Indian market and marks a decisive shift in the composition of Purvah’s portfolio from a platform built primarily on projects under development to one anchored by assets already generating contracted cash flows.

The acquired assets are operating projects with an established generation track record. More than 90 percent of the capacity is contracted with the Solar Energy Corporation of India (SECI) under long-term power purchase agreements, with the balance contracted with Karnataka distribution companies. All PPAs are over a 25-year tenure.

Commenting on the transaction, Shashwat Goenka, Vice Chairman, RPSG, said, “This acquisition marks a significant acceleration of our renewable energy journey. It gives us immediate operating scale, complements our strong pipeline of contracted capacity and meaningfully brings forward the growth of the platform. We have always believed our renewable growth should combine disciplined greenfield development with selective acquisitions, where they accelerate value creation and the quality and long-term visibility of these assets made this a compelling opportunity. For a Group with a long heritage in the power sector, this marks our move from a conventional power player to a diversified energy platform, and an important step towards building RPSG into one of India’s leading renewable energy platforms.”

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. Additionally, 2.2 GWh battery capacity is also tied-up and under implementation. The acquisition substantially increases the proportion of the portfolio that is already generating revenue and strengthening recurring cash flows well ahead of the commissioning schedule for the under-construction pipeline.

The acquisition also materially accelerates progress towards the group’s immediate stated ambition of building a 10 GW renewable energy platform in the next few years.

The RP-Sanjiv Goenka Group (RPSG) has announced that Purvah Green Power, the renewable energy platform of CESC, is set to acquire a 1.4 GWp operating solar portfolio from Renew Solar Power, held across six project special purpose vehicles in Rajasthan and Karnataka, at an enterprise value of INR 4859 crore (USD 509 million at INR 95.5/USD). The acquisition has been funded by the parent company.

The transaction is among the largest acquisitions of operating solar assets in the Indian market and marks a decisive shift in the composition of Purvah’s portfolio from a platform built primarily on projects under development to one anchored by assets already generating contracted cash flows.

The acquired assets are operating projects with an established generation track record. More than 90 percent of the capacity is contracted with the Solar Energy Corporation of India (SECI) under long-term power purchase agreements, with the balance contracted with Karnataka distribution companies. All PPAs are over a 25-year tenure.

Commenting on the transaction, Shashwat Goenka, Vice Chairman, RPSG, said, “This acquisition marks a significant acceleration of our renewable energy journey. It gives us immediate operating scale, complements our strong pipeline of contracted capacity and meaningfully brings forward the growth of the platform. We have always believed our renewable growth should combine disciplined greenfield development with selective acquisitions, where they accelerate value creation and the quality and long-term visibility of these assets made this a compelling opportunity. For a Group with a long heritage in the power sector, this marks our move from a conventional power player to a diversified energy platform, and an important step towards building RPSG into one of India’s leading renewable energy platforms.”

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. Additionally, 2.2 GWh battery capacity is also tied-up and under implementation. The acquisition substantially increases the proportion of the portfolio that is already generating revenue and strengthening recurring cash flows well ahead of the commissioning schedule for the under-construction pipeline.

The acquisition also materially accelerates progress towards the group’s immediate stated ambition of building a 10 GW renewable energy platform in the next few years.

The RP-Sanjiv Goenka Group (RPSG) has announced that Purvah Green Power, the renewable energy platform of CESC, is set to acquire a 1.4 GWp operating solar portfolio from Renew Solar Power, held across six project special purpose vehicles in Rajasthan and Karnataka, at an enterprise value of INR 4859 crore (USD 509 million at INR 95.5/USD). The acquisition has been funded by the parent company.

The transaction is among the largest acquisitions of operating solar assets in the Indian market and marks a decisive shift in the composition of Purvah’s portfolio from a platform built primarily on projects under development to one anchored by assets already generating contracted cash flows.

The acquired assets are operating projects with an established generation track record. More than 90 percent of the capacity is contracted with the Solar Energy Corporation of India (SECI) under long-term power purchase agreements, with the balance contracted with Karnataka distribution companies. All PPAs are over a 25-year tenure.

Commenting on the transaction, Shashwat Goenka, Vice Chairman, RPSG, said, “This acquisition marks a significant acceleration of our renewable energy journey. It gives us immediate operating scale, complements our strong pipeline of contracted capacity and meaningfully brings forward the growth of the platform. We have always believed our renewable growth should combine disciplined greenfield development with selective acquisitions, where they accelerate value creation and the quality and long-term visibility of these assets made this a compelling opportunity. For a Group with a long heritage in the power sector, this marks our move from a conventional power player to a diversified energy platform, and an important step towards building RPSG into one of India’s leading renewable energy platforms.”

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. Additionally, 2.2 GWh battery capacity is also tied-up and under implementation. The acquisition substantially increases the proportion of the portfolio that is already generating revenue and strengthening recurring cash flows well ahead of the commissioning schedule for the under-construction pipeline.

The acquisition also materially accelerates progress towards the group’s immediate stated ambition of building a 10 GW renewable energy platform in the next few years.

Schneider Electric elevates Ratnesh Pandey as Vice President, Marketing. In his new role, Pandey will lead Schneider Electric India’s marketing agenda, overseeing brand strategy, integrated marketing, digital engagement, customer experience and commercial excellence. He will be responsible for strengthening the company’s market leadership and enhancing customer value creation as India accelerates its transition to a more digital, electric and sustainable future.

Commenting on the appointment, Deepak Sharma, Zone President, Greater India, Managing Director and CEO, Schneider Electric India, said, “As Schneider Electric continues to advance energy technology for a more digital and sustainable future, marketing plays a critical role in shaping customer value, market leadership and business growth. Ratnesh brings a strong track record of building brands, driving transformation and translating business strategy into market impact. His leadership will help strengthen our customer connect and help us Advance Energy Tech across India.”

He brings more than 17 years of experience across brand management, digital transformation, strategic marketing and communications, including nearly 12 years within the Schneider Electric ecosystem.

Most recently, he served as Director and Head, Marketing and Communications, Lauritz Knudsen Electrical and Automation, part of the Schneider Electric group in India. In this role, he led the successful migration and launch of the Lauritz Knudsen brand across India, the Middle East and Africa. He also expanded the brand’s visibility through large-scale consumer engagement platforms, including its association with Mumbai Indians as Principal Partner.

During his tenure at Schneider Electric, Pandey has led marketing initiatives across consumer and retail businesses, sustainability, energy management software, buildings, home automation and strategic growth programmes. His experience spans integrated B2B and B2C marketing, customer and channel engagement, brand transformation and the communication of technology-led value propositions.

Speaking on his elevation, Ratnesh Kumar Pandey, Vice President, Marketing, Schneider Electric India, said, “India’s growth story is being driven by electrification, digitalisation and sustainability, creating new opportunities for innovation and value creation. As we advance energy technology to help customers become more efficient, resilient and sustainable, our focus will be on building deeper engagement, stronger market relevance and measurable business outcomes. I look forward to driving the next phase of growth for Schneider Electric’s brand and business in India.”

Prior to Schneider Electric, Pandey held marketing and brand management roles at HCL Infosystems and Digitas India, working across the technology, financial services and consumer sectors. He has also completed executive leadership programmes at HEC Paris and INSEAD.

Schneider Electric elevates Ratnesh Pandey as Vice President, Marketing. In his new role, Pandey will lead Schneider Electric India’s marketing agenda, overseeing brand strategy, integrated marketing, digital engagement, customer experience and commercial excellence. He will be responsible for strengthening the company’s market leadership and enhancing customer value creation as India accelerates its transition to a more digital, electric and sustainable future.

Commenting on the appointment, Deepak Sharma, Zone President, Greater India, Managing Director and CEO, Schneider Electric India, said, “As Schneider Electric continues to advance energy technology for a more digital and sustainable future, marketing plays a critical role in shaping customer value, market leadership and business growth. Ratnesh brings a strong track record of building brands, driving transformation and translating business strategy into market impact. His leadership will help strengthen our customer connect and help us Advance Energy Tech across India.”

He brings more than 17 years of experience across brand management, digital transformation, strategic marketing and communications, including nearly 12 years within the Schneider Electric ecosystem.

Most recently, he served as Director and Head, Marketing and Communications, Lauritz Knudsen Electrical and Automation, part of the Schneider Electric group in India. In this role, he led the successful migration and launch of the Lauritz Knudsen brand across India, the Middle East and Africa. He also expanded the brand’s visibility through large-scale consumer engagement platforms, including its association with Mumbai Indians as Principal Partner.

During his tenure at Schneider Electric, Pandey has led marketing initiatives across consumer and retail businesses, sustainability, energy management software, buildings, home automation and strategic growth programmes. His experience spans integrated B2B and B2C marketing, customer and channel engagement, brand transformation and the communication of technology-led value propositions.

Speaking on his elevation, Ratnesh Kumar Pandey, Vice President, Marketing, Schneider Electric India, said, “India’s growth story is being driven by electrification, digitalisation and sustainability, creating new opportunities for innovation and value creation. As we advance energy technology to help customers become more efficient, resilient and sustainable, our focus will be on building deeper engagement, stronger market relevance and measurable business outcomes. I look forward to driving the next phase of growth for Schneider Electric’s brand and business in India.”

Prior to Schneider Electric, Pandey held marketing and brand management roles at HCL Infosystems and Digitas India, working across the technology, financial services and consumer sectors. He has also completed executive leadership programmes at HEC Paris and INSEAD.

Schneider Electric elevates Ratnesh Pandey as Vice President, Marketing. In his new role, Pandey will lead Schneider Electric India’s marketing agenda, overseeing brand strategy, integrated marketing, digital engagement, customer experience and commercial excellence. He will be responsible for strengthening the company’s market leadership and enhancing customer value creation as India accelerates its transition to a more digital, electric and sustainable future.

Commenting on the appointment, Deepak Sharma, Zone President, Greater India, Managing Director and CEO, Schneider Electric India, said, “As Schneider Electric continues to advance energy technology for a more digital and sustainable future, marketing plays a critical role in shaping customer value, market leadership and business growth. Ratnesh brings a strong track record of building brands, driving transformation and translating business strategy into market impact. His leadership will help strengthen our customer connect and help us Advance Energy Tech across India.”

He brings more than 17 years of experience across brand management, digital transformation, strategic marketing and communications, including nearly 12 years within the Schneider Electric ecosystem.

Most recently, he served as Director and Head, Marketing and Communications, Lauritz Knudsen Electrical and Automation, part of the Schneider Electric group in India. In this role, he led the successful migration and launch of the Lauritz Knudsen brand across India, the Middle East and Africa. He also expanded the brand’s visibility through large-scale consumer engagement platforms, including its association with Mumbai Indians as Principal Partner.

During his tenure at Schneider Electric, Pandey has led marketing initiatives across consumer and retail businesses, sustainability, energy management software, buildings, home automation and strategic growth programmes. His experience spans integrated B2B and B2C marketing, customer and channel engagement, brand transformation and the communication of technology-led value propositions.

Speaking on his elevation, Ratnesh Kumar Pandey, Vice President, Marketing, Schneider Electric India, said, “India’s growth story is being driven by electrification, digitalisation and sustainability, creating new opportunities for innovation and value creation. As we advance energy technology to help customers become more efficient, resilient and sustainable, our focus will be on building deeper engagement, stronger market relevance and measurable business outcomes. I look forward to driving the next phase of growth for Schneider Electric’s brand and business in India.”

Prior to Schneider Electric, Pandey held marketing and brand management roles at HCL Infosystems and Digitas India, working across the technology, financial services and consumer sectors. He has also completed executive leadership programmes at HEC Paris and INSEAD.