Other

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Deendayal Port Invites Bids for Green Hydrogen Storage and Fuel-Cell Power Project

Deendayal Port Authority has invited bids to set up a metal hydride technology-based green hydrogen storage system with a capacity of at least 3 kg and fuel cell-based...

March 18, 2026

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Melvin Mathew

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Renewable Energy

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Tenders and Auctions
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India’s Non-Fossil Power Capacity Reaches 52.3% as of January 2026

India’s non-fossil energy sources have reached 52.3% of the country’s total installed power capacity of 520.5 GW as of January 2026, while thermal power continues to...

March 18, 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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KKR to Invest Up to $310 Million in E-Bus Companies Allfleet and PMI Electro

Global investment firm KKR will invest up to $310 million (~₹28.63 billion) and form a partnership with electric bus (e-bus) platform Allfleet and e-bus manufacturer PMI...

March 18, 2026

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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CleanMax’s Income Rises 14% YoY in Q3 FY 2026

Clean energy solutions provider Clean Max Enviro Energy Solutions reported a total income of ₹4.66 billion (~$50.45 million) in the third quarter (Q3) of the financial...

March 18, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Funding and M&A Roundup: MGA Thermal Secures $12 Million

From: Mercom Capital Group MGA Thermal, a provider of thermal energy-based long-duration energy storage systems, has secured A$17 million (~$12 million) in funding. The...

March 18, 2026

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Staff

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Finance and M&A

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Other
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Punjab Proposes Carry-Forward of Banked Energy for InSTS Open Access Projects

The Punjab State Electricity Regulatory Commission (PSERC) has proposed amendments to the Punjab State Electricity Regulatory Commission (Terms & Conditions for...

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Daily News Wrap-Up: Easing Group Captive Power Rules May Boost C&I Participation

The Ministry of Power’s relaxations, allowing group captive projects to meet the 51% consumption requirement collectively rather than based on the individual...

March 18, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Project Finance Brief: Prime Infra Secures $4.6B for Pumped Hydro Projects

From: Mercom Capital Group Prime Infra, an infrastructure developer and operator, closed two financing agreements totaling Php273.47 billion (~$4.6 billion). According...

March 18, 2026

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Staff

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Finance and M&A

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Other
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Ecofy Raises ₹3.8 Billion to Expand Retail Green Finance in India

Ecofy, a non-banking financial company backed by Eversource Capital, has raised ₹3.8 billion (~$41.1 million) in fresh equity capital to expand its retail-focused green...

March 17, 2026

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Meghana Prasad

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Finance and M&A

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Renewable Energy
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POWERGRID Invites Bids to Select Partner for 5 GW ISTS Project in Visakhapatnam

Power Grid Corporation of India (POWERGRID) has invited bids to select a consortium partner to set up an interstate transmission (ISTS) project to evacuate 5 GW of power...

March 17, 2026

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Melvin Mathew

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Grid

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Tenders and Auctions
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ReNew Offloads 11% Stake in C&I Arm for $95 Million

A consortium of three investors led by LeapFrog Investments, Emerging Market Climate Action Fund, and Carlyle AlpInvest has picked up a combined stake of approximately...

March 17, 2026

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Parth Shukla

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Finance and M&A

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Renewable Energy
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KPI Green Secures ₹9.79 Billion Loan for 150 MW Wind Project in Gujarat

Surat-based renewable energy solutions company KPI Green Energy has secured ₹9.79 billion (~$105.99 million),  comprising a ₹9.31 billion (~$100.81 million) term loan...

March 17, 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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ANDRITZ Wins Order for Tata Power’s 1 GW Bhivpuri Pumped Storage Project

Austria-based international technology group ANDRITZ has secured an order from Tata Power to supply key equipment for the 1,000-MW Bhivpuri pumped storage project in...

March 17, 2026

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Meghana Prasad

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Other

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Renewable Energy
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Chidambaranar Port Authority Tenders a 2 MW Green Hydrogen Electrolyzer Project

V.O. Chidambaranar Port Authority (VOCPA) has invited bids to develop a 2 MW green hydrogen electrolyzer and a refueling station, with comprehensive operation and...

March 17, 2026

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Rakesh Ranjan

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Other

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Renewable Energy
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Reliance Signs $3 Billion Deal to Supply Green Ammonia to Samsung for 15 Years

Reliance Industries (RIL) has signed a long-term supply and purchase agreement valued at over $3 billion with South Korea’s Samsung C&T Corporation to provide green...

March 17, 2026

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Parth Shukla

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Other Energy

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Press Releases

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