Other

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Hero MotoCorp Approves Investment of ₹2.75 Billion in Euler Motors

Hero MotoCorp has approved an additional investment of up to ₹2.75 billion (~$30.45 million) in Euler Motors. The investment is to be made in one or more tranches...

February 6, 2026

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Meghana Prasad

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Electric Vehicles

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Finance and M&A
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Adani Energy Solutions Delivers 10 Million Smart Meters Across Five DISCOMs

Adani Energy Solutions (AESL) has delivered 10 million smart electricity meters to distribution companies (DISCOM), with another 10 million deliveries expected in the...

February 6, 2026

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Melvin Mathew

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Grid

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Renewable Energy
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PFC Acquires Majority Stake in REC, Board Greenlights Merger

Power Finance Corporation (PFC) has acquired 52.63% of the Government of India’s stake in REC Limited, making REC a subsidiary of PFC. The PFC Board took note of the...

February 6, 2026

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Rakesh Ranjan

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Finance and M&A

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Renewable Energy
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Suzlon’s Revenue Up 42% in Q3 FY 2026 on Higher Wind Turbine Orders

Wind turbine manufacturer Suzlon Group’s revenue rose 42.4% year-over-year (YoY) to ₹42.28 billion (~$467.44 million) in the third quarter (Q3) of the financial year...

February 6, 2026

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Parth Shukla

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Finance and M&A

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Wind
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Daily News Wrap-Up: SECI Announces Winners for 4.8 GWh FDRE Auction

Adyant Enersol (Datta Infra), Serentica Renewables India, AMPIN Energy Utility Nine (AMPIN Energy Transition), and ACME Solar Holdings have won Solar Energy Corporation...

February 6, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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E-Bus Services Provider Drivn Gets $80 Million Boost from Nomura

Gurugram-based commercial electric mobility services provider Drivn has received a commitment of up to $80 million in funding from financial services company Nomura....

February 5, 2026

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Parth Shukla

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Electric Vehicles

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Finance and M&A
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RECPDCL Invites Bids to Evacuate 5 GW of Power from Green Hydrogen Projects

REC Power Development and Consultancy (RECPDCL) has invited bids to set up an interstate transmission system (ISTS) to evacuate power from 5 GW of green hydrogen/ammonia...

February 5, 2026

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Melvin Mathew

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Grid

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Other Energy

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Tenders and Auctions
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Daily News Wrap-Up: Aggressive Bidding Challenges India’s BESS Development

Aggressive bidding is rapidly becoming the defining feature of India’s energy storage tender landscape, raising concerns among stakeholders. As competition intensifies...

February 5, 2026

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Melvin Mathew

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Daily Wrap-up
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Month in a Minute: Top Headlines from the Indian Renewable Sector in January 2026

The rapid increase in solar installations under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) in Maharashtra is leading to developers facing...

February 4, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy
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IEX Electricity Volumes Rise 19.6% YoY to Record 13,050 MU in January

Indian Energy Exchange (IEX) recorded its highest-ever monthly electricity traded volume of 13,050 MU in January 2026, registering a 19.6% year-over-year (YoY) growth....

February 4, 2026

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Rakesh Ranjan

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Other

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Renewable Energy
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Atlanta Wins ₹2.88 Billion Transformer Orders from KPTCL, Datta Power

Atlanta Electricals has secured multiple power transformer supply contracts, valued at ₹2.88 billion (~$31.56 million), from Karnataka Power Transmission Corporation...

February 4, 2026

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Meghana Prasad

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Grid

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Other
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Daily News Wrap-Up: CSERC Clarifies DSM Charges for Open Access Consumers

The Chhattisgarh State Electricity Regulatory Commission (CSERC) issued clarifications on the applicability of wheeling and Deviation Settlement Mechanism (DSM) charges...

February 4, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Europe’s Power Market Reprices as Renewables Reshape Value: Pexapark

Europe’s power system has entered a phase dominated by renewables, fundamentally changing price formation, risk allocation, and revenue stability. In 2025, renewables...

February 4, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy

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Solar
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Project Finance Brief: Voltwise Power Closes $211 Million in Acquisition Financing

From: Mercom Capital Group Voltwise Power, a utility-scale battery storage project developer, closed the syndication of a £153.9 million (~$211 million) acquisition...

February 4, 2026

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Jupiter Secures $500 Million Credit Facility

From: Mercom Capital Group Jupiter Power, a utility-scale energy storage project developer and operator, has secured a $500 million senior-secured green revolving loan...

February 4, 2026

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Staff

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Finance and M&A

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Other

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