Financema Solar

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Hero Future Gets ₹10 Billion Funding From SBI for 60 MW Hybrid Power Project

Renewable energy company Hero Future Energies (HFE) has secured ₹10.24 billion (~$115.43 million) in funding from the State Bank of India (SBI) to finance a 60 MW hybrid...

September 24, 2025

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Arjun Joshi

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Energy Storage

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Finance and M&A

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Solar
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Project Finance Brief: Flatiron Energy Secures $540 Million for 800 MWh Storage Project

From: Mercom Capital Group Flatiron Energy, a developer of utility-scale energy storage projects, secured approximately $540 million in financing from a group of...

September 24, 2025

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Staff

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Finance and M&A

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Solar
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GK Energy’s IPO closes with 89.62 Times Oversubscription

Maharashtra-based agri-solar solutions provider GK Energy’s initial public offering (IPO) was oversubscribed 89.62 times at the end of the bidding window on September 23,...

September 23, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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ACME Secures ₹11 Billion Refinancing from SBI for 300 Renewable Energy Project

Gurgaon-based independent power producer ACME Solar Holdings has secured domestic funding of ₹11 billion (~$124.57 million) from the State Bank of India (SBI) to...

September 23, 2025

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Staff

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Finance and M&A

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Solar
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Waaree to Acquire 76% Stake in Smart Meter Manufacturer Racemosa Energy

Waaree Power, a wholly owned subsidiary of Waaree Energies, will acquire a 76% stake in Maharashtra-based smart meter manufacturing company, Racemosa Energy. The company...

September 19, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Lower Manufacturing Costs Drive Vikram Solar’s Revenue in Q1 FY 2026

Module manufacturer Vikram Solar’s revenue increased by 79.7% year-over-year (YoY) to ₹1.13 billion (~$12.86 million) in the first quarter (Q1) of the financial year...

September 18, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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IREDA Approves ₹11.34 Billion Loan to Insolation Green Energy

The Indian Renewable Energy Development Agency (IREDA) has approved a loan of ₹11.34 billion (~$129 million) to Insolation Green Energy, a wholly owned subsidiary of INA...

September 18, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Enfinity Global Secures ₹5 Billion Debt Financing from India Infradebt

Enfinity Global has secured ₹5.2 billion (~$59 million) in debt financing from India Infradebt for its 200 MW solar projects across India. Enfinity has a global...

September 18, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Emmvee Photovoltaic Gets SEBI Nod for ₹30 Billion IPO  

Solar module and cell manufacturer Emmvee Photovoltaic Power has received approval from the Securities and Exchange Board of India (SEBI) to raise ₹30 billion (~$340.50...

September 18, 2025

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Arjun Joshi

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Finance and M&A

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Solar
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Project Finance Brief: Nautilus Secures $275 Million for Community Solar Projects

From: Mercom Capital Group Nautilus Solar Energy, a U.S.-based community solar provider, announced the closing of a $275 million long-term debt facility, the company’s...

September 17, 2025

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Staff

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Finance and M&A

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Solar
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New GST Rates on Renewable Energy Goods Likely to Reduce Costs and Tariffs

The reduction in Goods and Services Tax (GST) from 12% to 5% on solar cells and other renewable energy devices is likely to lower power costs for consumers while...

September 12, 2025

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Melvin Mathew

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Finance and M&A

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Mercom Research Focus

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Solar

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Wind
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ACME Secures ₹39 Billion Loan from SBI for 400 MW FDRE Project

ACME Venus Urja, a wholly owned subsidiary of ACME Solar Holdings, has secured a long-term project debt funding of ₹38.92 billion (~$440.13 million) from the State Bank...

September 11, 2025

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Arjun Joshi

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Finance and M&A

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Solar
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Inox Neo Energies to Acquire 640 MW Renewable Hybrid Portfolio from Evergreen

Independent power producer Inox Neo Energies, an INOXGFL Group company, has executed definitive agreements with Evergreen Power Mauritius and Evergreen Renewables to...

September 11, 2025

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Arjun Joshi

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Finance and M&A

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Solar

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Wind
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Prozeal Green Energy Gets SEBI Approval for ₹7 Billion IPO

Solar engineering, procurement, and construction company Prozeal Green Energy has received approval from the market regulator Securities and Exchange Board of India...

September 10, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Cleantech Startup QuantE Energy Raises $500,000 from TDV, Angel Investors

Noida-based cleantech startup QuantE Energy Tech has raised $500,000 (~₹44 million) from Trillion Dollar Venture Partners (TDV) and marquee angel investors. The list of...

September 4, 2025

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Melvin Mathew

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Finance and M&A

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Solar

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