Financema Solar

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SIDBI and AFD Sign $100 Million Loan Agreement for Green Financing

Small Industries Development Bank of India (SIDBI) and France-based Agence Française de Développement (AFD) have signed a $100 million (~₹1.15 million) credit facility...

February 13, 2025

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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EV Battery Firm The Energy Company Raises $2 Million in Pre-Series A Funding

Bengaluru-based electric vehicle (EV) battery solutions provider, The Energy Company has secured $2 million (~₹173.8 million) in a pre-Series A funding round. Siana...

February 12, 2025

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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Gensol Engineering’s Revenue Up 42% YoY, EPC Contracts Grow

Gujarat-based engineering and consulting firm Gensol Engineering has reported consolidated revenue of ₹3.45 billion (~$39.69 million) in the third quarter (Q3) of the...

February 12, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Project Finance Brief: Matrix Renewables Secures $41 Million Financing

From: Mercom Capital Group Matrix Renewables, the TPG Rise-backed global renewable energy company, announced the closing of €40 million (~$41.36 million) in non-recourse...

February 12, 2025

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Staff

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Finance and M&A

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Solar
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Tata Power Sustains Growth Momentum, PAT Up 10% YoY in Q3 FY 2025

Integrated power company Tata Power has reported a ₹11.88 billion (~$136.4 million) profit after tax (PAT) in the third quarter (Q3) of the financial year (FY) 2025, a...

February 6, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Project Finance Brief: Invenergy Secures $1.1 Billion for Three Solar Projects

From: Mercom Capital Group Invenergy, a solar, wind, and energy storage project developer, announced closing $1.1 billion in debt financing to support the development...

February 5, 2025

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Staff

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Finance and M&A

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Solar
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Indus Towers to Source 50 MW of Renewable Energy from Amplus

Gurugram-based mobile tower installation company Indus Towers will source 50 MW of renewable energy from Amplus Tungabhadra, a special purpose vehicle of Amplus Solar,...

February 4, 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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Solar
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Module Sales Drive Waaree Energies’ Profit Up 260% in Q3 FY 2025

Waaree Energies’ net profit for the third quarter (Q3) of the financial year (FY) 2024-25 rose 260% to ₹5.07 billion (~$58.54 million) from ₹1.41 billion (~$16.28...

February 3, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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MENA Roundup: Larsen & Toubro Wins EPC Contract for Masdar’s BESS Project

Larsen & Toubro’s renewables business has won Masdar’s engineering, procurement and construction (EPC) contract for the north site a 24/7 solar and battery storage...

February 3, 2025

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Staff

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Finance and M&A

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Solar

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Wind
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Nextracker Beats Earnings Estimates in Q3 FY25, Raises 2025 Profit Outlook

U.S.-based solar tracker firm Nextracker has reported a net profit of $115.28 million in the third quarter (Q3) of the financial year (FY) 2025, a 178.48% year-over-year...

January 31, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Tesla’s Energy Storage Deployments Surged to a Record 31.4 GWh in 2024

U.S.-based electric vehicle (EV) maker Tesla posted a net income of $2.32 billion in the fourth quarter (Q4) of 2024, down 71% year-over-year (YoY). This decline can be...

January 31, 2025

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Arjun Joshi

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Electric Vehicles

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Finance and M&A

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Grid
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NextEra Energy’s Q4 2024 Revenue Drops 21.69%

U.S.-based power producer NextEra Energy reported a 21.69% year-over-year (YoY) drop in consolidated revenue to $5.38 billion in the fourth quarter (Q4) of the financial...

January 30, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Project Finance Brief: ContourGlobal Acquires 446 MW Solar Project Portfolio

From: Mercom Capital Group ContourGlobal, an independent power producer and a KKR company, announced the acquisition of a solar project portfolio totaling 446 MWp from...

January 29, 2025

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Staff

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Finance and M&A

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Solar
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Solar EPC Segment Pushes Waaree’s Q3 FY25 Revenue Up 11.5% YoY

Waaree Renewable Technologies, the solar engineering, procurement, and construction arm of the Waaree Group, has posted total revenue of ₹3.6 billion (~$41.57 million)...

January 23, 2025

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Tina Freese

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Finance and M&A

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Solar
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Concord Biotech to Procure Wind-Solar Power from CleanMax’s Project

Ahmedabad-based pharmaceutical company Concord Biotech has entered into a strategic agreement to acquire a 26% equity stake in CleanMax Everglades, a CleanMax Enviro...

January 17, 2025

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Staff

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Finance and M&A

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Solar

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