A high-stakes contest for control of Enel’s clean energy future in India.

RPSG, Inox Clean, Hexa Climate Submit Bids for Enel’s India Renewable Portfolio.

Indian energy players Purvah Green of the RP Sanjiv Goenka Group, Inox Clean Energy, and Hexa Climate have submitted binding financial bids to acquire Italian state-backed Enel Group’s renewable energy operations in India. The bids, placed after a six-week due diligence process, value the business at around ₹3,000 crore in enterprise value. The assets are housed under Enel Green Power India Pvt Ltd and include renewable projects with a potential capacity of 2.5 GW, of which about 640 MW are operational solar and wind installations. While Temasek-backed Sembcorp and Macquarie-backed Blueleaf Energy were shortlisted, they opted out of the final bidding. The sale comes amid ongoing arbitration between Enel and Waaree Energies, following a failed 2025 deal, potentially adding legal complexity for the eventual buyer.