Other

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Ather Energy Approves ₹12 Billion Preferential Fundraise

Electric two-wheeler manufacturer Ather Energy’s board has approved a preferential issue to raise up to ₹12 billion (~$124.5 million) through a combination of equity...

July 17, 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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Borosil’s Revenue Up 17% YoY in Q1, Advances 600 TPD Solar Glass Expansion

Solar glass manufacturer Borosil Renewables reported a revenue of ₹4.06 billion (~$42.1 million) for the first quarter (Q1) of the financial year (FY) 2027, a 17.1%...

July 17, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Powerica Acquires 49% Stake in Fuji-Kailash Energy for ₹30 Million

Powerica has acquired a 49% stake in Fuji-Kailash Energy (FKEPL), a Gujarat-based renewable energy generation and distribution company, for ₹30 million (~$311,365). The...

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GERC Seeks Consultants to Finalize Ancillary Services Regulations

The Gujarat Electricity Regulatory Commission (GERC) has invited bids from consultancy firms to aid with the finalization of the GERC (Ancillary Services and Demand...

July 17, 2026

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Rakesh Ranjan

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Grid

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Tenders and Auctions
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Kosovo Begins Construction of 105 MW Grid-Connected Solar Project

Kosovo has begun construction of its first-ever auction-awarded 105 MW grid-connected solar project in the village of Kramovik in the Municipality of Rahovec. A...

July 17, 2026

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Parth Shukla

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Other

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Solar
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Daily News Wrap-Up: India Adds 1.3 GW of Wind Capacity in Q2 2026

India added 1.3 GW of wind power capacity in the second quarter (Q2) of calendar year 2026, down 15% from the previous quarter and 18% from the same period last year,...

July 17, 2026

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Melvin Mathew

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Daily Wrap-up
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Despite High Costs, Solar and Wind Still Cheapest New Power Sources: Report

Utility-scale solar and onshore wind continue to offer the lowest unsubsidized levelized cost of energy (LCOE) in the U.S., even as higher capital costs, interest rates,...

July 17, 2026

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Cabinet Approves ₹1.28 Trillion Program to Boost Semiconductor Ecosystem

The Union Cabinet has approved Semicon 2.0, the second phase of India’s semiconductor incentive program, with a total budget outlay of ₹1.28 trillion (~$14.9...

July 16, 2026

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Arjun Joshi

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Market & Policy

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Other
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Sterling & Wilson’s Revenue Drops 9.7% YoY in Q1 FY 2027 Due to Lower EPC Business

Sterling and Wilson Renewable Energy (SWREL) has posted revenue of ₹15.90 billion (~$165.1 million) in the first quarter (Q1) of the financial year (FY) 2027, a 9.7%...

July 16, 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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Exide Invests ₹1 billion in Subsidiary to Fund Lithium-ion Cell Facility

Exide Industries (EIL) has announced an investment of ₹1 billion (~$10.38 million) in Exide Energy Solutions (EESL) to fund a gigawatt-scale lithium-ion cell...

July 16, 2026

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Staff

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Energy Storage

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Finance and M&A
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Gujarat Mandates 51% Renewable Power for Data Centers Under New Policy

The Gujarat government has unveiled its Viksit Gujarat Data Center Policy, which mandates that data center developers source at least 51% of the electricity consumed by...

July 16, 2026

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: NRPC Flags Grid Risk Amid Renewable Losses

The Northern Regional Power Committee (NRPC) directed renewable energy developers, inverter original equipment manufacturers, and power project controller suppliers to...

July 16, 2026

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Mercom Staff

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Daily Wrap-up
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Hero MotoCorp to Invest Additional ₹10 Billion in Ather Energy

Hero MotoCorp has approved an additional investment of up to ₹10 billion (~$104 million) in Ather Energy through a proposed subscription to securities issued on a...

July 15, 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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Daily News Wrap-Up: Karnataka, Goa DISCOM Bids Revive Privatization Debate

Recent moves by private players to acquire power distribution licenses have once again brought the debate over the privatization of distribution companies (DISCOMs) to...

July 15, 2026

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Staff

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Daily Wrap-up

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Renewable Energy
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BII, EAAIF Partner to Finance Blueleaf Energy’s Renewable Energy Expansion

UK’s development finance institution and impact investor, British International Investment (BII), has announced the partial syndication of its mezzanine debt...

July 15, 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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