Finance And Ma

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REC Silicon’s Revenue Falls 26% YoY as it Shuts Polysilicon Facility

Norway-based silicon material manufacturer REC Silicon reported a revenue of $29.7 million in the fourth quarter (Q4) of 2024, a 26.5% year-over-year (YoY) decline from...

February 14, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Increase in Battery Sales Drives Amara Raja’s Profits Up by 11%

Battery manufacturer Amara Raja Energy & Mobility recorded a profit after tax of ₹2.98 billion (~$34.3 million) during the third quarter (Q3) of the financial year...

February 13, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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ONGC-NTPC Joint Venture Acquires Ayana Renewable for ₹195 Billion

ONGC NTPC Green (ONGPL), a joint venture between ONGC Green and NTPC Green Energy, has signed a share purchase agreement to acquire a 100% equity stake in utility-scale...

February 12, 2025

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Funding and M&A Roundup: Energy Storage Company Tyba Raises $13.9 Million

From: Mercom Capital Group Tyba, a company that provides an optimization platform for energy storage projects, secured $13.9 million in Series A funding, bringing its...

February 12, 2025

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Staff

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Finance and M&A

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Other
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MENA Round-Up: UAE Aims for 14.2 GW Clean Energy Capacity by 2030

The UAE updated its energy strategy, aiming to achieve climate neutrality by 2050. The country is increasing its focus on clean and renewable energy projects,...

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REC Records 18% YoY Increase in Revenue in Q3 FY 2025

Public infrastructure finance company REC Limited recorded a total income of ₹142.86 billion (~$1.63 billion) for the third quarter (Q3) of the financial year (FY) 2025,...

February 7, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Enphase Exceeds Q4 Revenue, EPS Expectations Due to US Market Demand

Microinverter and battery storage supplier Enphase Energy recorded total revenue of $382.71 million in the fourth quarter (Q4) of 2024, reflecting a 26.5% year-over-year...

February 6, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Scatec Swings to Net Loss in Q4 Due to Increased Expenses

Norway-based renewable energy solutions provider Scatec reported a net loss of NOK101 million (~$8.88 million) in the fourth quarter (Q4) of 2024 from a net profit of...

February 6, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Torrent’s Q3 Profit Up 31% on Higher Merchant Sales and Power Demand

Gujarat-based power company Torrent Power recorded a profit after tax (PAT) of ₹4.89 billion (~$55.9 million) for the third quarter (Q3) of the financial year (FY) 2025,...

February 5, 2025

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Tina Freese

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Finance and M&A

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Other

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Renewable Energy
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Funding and M&A Roundup: Sunrun Prices $629 Million in Senior Securitization

From: Mercom Capital Group Sunrun, a provider of residential solar energy solutions, has priced $629 million in the securitization of leases and power purchase...

February 5, 2025

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Staff

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Finance and M&A

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Other
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Premier Energies Posts Strong Third Quarter, Net Profit Up Five Times

Solar module and cell manufacturer Premier Energies reported a total income of ₹17.49 billion (~$200.86 million) in the third quarter (Q3) of the financial year (FY)...

February 4, 2025

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Arjun Joshi

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Finance and M&A

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Other
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ACME’s Q3 FY 2025 Revenue Up 10% on Commissioning of 1.2 GW Solar Project

ACME Solar Holdings has reported a consolidated revenue of ₹4.01 billion (~$48.46 million) for the third quarter (Q3) of the financial year (FY) 2025, a 9.9%...

February 4, 2025

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Staff

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Finance and M&A

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Solar
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Higher Order Execution Drives Inox Wind’s Revenue Up 96% in Q3 FY 2025

Wind energy solutions provider Inox Wind reported a revenue of ₹9.94 billion (~$114.02 million) in the third quarter (Q3) of the financial year (FY) 2025, a 96%...

February 3, 2025

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Arjun Joshi

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Finance and M&A

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Other
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GAIL Expands Clean Energy Startup Investment Fund to ₹5 Billion

GAIL (India) has announced an increase in its startup investment fund from ₹1 billion (~$11.53 million) to ₹5 billion (~$57.67 million). The increased fund will be...

February 3, 2025

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Staff

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Finance and M&A

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Renewable Energy
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Budget 2025 Focuses on Clean Energy Manufacturing, Halves Solar Module Duty to 20%

Finance Minister Nirmala Sitharaman reaffirmed the government’s commitment to strengthening domestic value addition and enhancing India’s manufacturing...

February 1, 2025

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Arjun Joshi

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Finance and M&A

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Renewable Energy

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