Multi-business conglomerate Adani Enterprises has completed a Qualified Institutional Placement (QIP) of equity shares, each with a face value of ₹1 (~$0.012), raising around ₹42 billion (~$500 million). A total of 14,179,608 equity shares were...

Roofsol Energy, a Maharashtra-based rooftop solar EPC services provider, has raised ₹255 million (~$3.03 million) in its inaugural round of equity funding. The funds were raised through private placements from high net-worth individuals (HNIs) led...

Independent power producer AMPIN Energy Transition has announced the financial closure for its 200 MW wind-solar hybrid project in Rajasthan, with the final step achieved through a green loan of ₹7.42 billion (~$88.27 million) from Standard...

Solar energy solutions provider Prozeal Green Energy has won Solar Energy Corporation of India’s (SECI) tender for the design, engineering, supply, construction, erection, testing, commissioning, and operation & maintenance (O&M) of a 25 MW...

Jaipur-based solar module manufacturer Insolation Energy (INA) has announced plans to raise ₹4.02 billion (~$47.8 million) through a preferential allotment of 1.22 million equity shares to non-promoter entities. The shares will be issued at a price...

The Maharashtra Electricity Regulatory Commission (MERC) has given the green light for Maharashtra State Electricity Distribution Company (MSEDCL) to procure 1,468 MW of Firm and Dispatchable Renewable Energy from SJVN at a tariff of ₹4.45 (~$0....

The Gujarat Urja Vikas Nigam (GUVNL) has amended its Phase IV Standalone Battery Energy Storage Systems tender by providing Viability Gap Funding (VGF) support and augmenting the capacity to 500 MW/1000 MWh. The initial tender was issued for 400...

Germany’s latest innovation tender for 583 MW of renewable energy projects was oversubscribed by 218%, with bids totaling 1,856 MW, according to data released by the federal network agency Bundesnetzagentur. Of the 154 bids submitted, 50 were...

NTPC Vidyut Vyapar Nigam (NVVN) has invited bids to develop 3.92 MW of rooftop and 2.4 MW of ground-mounted solar power projects at NTPC stations Simhadri and Ramagundam in Andhra Pradesh and Telangana. The last day to submit the bids is November 6,...

The Central Electricity Regulatory Commission (CERC) has adopted tariffs for 1,500 MW of interstate transmission system (ISTS)-connected solar power projects awarded by the Solar Energy Corporation of India (SECI). SECI had awarded the projects to...