Other

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IREDA’s Q1 Revenue Up 15% on Higher Loan Interest Accruals

Government-owned lender Indian Renewable Energy Development Agency (IREDA) posted a revenue from operations of ₹22.5 billion (~$235.2 million) in the first quarter (Q1)...

August 21, 2026

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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ABRen Secures $1.6 Billion from MUFG to Fund Sprng Energy Acquisition

Aditya Birla Renewables (ABRen), the renewable energy arm of the Aditya Birla Group, has secured a $1.6 billion (~₹153.08 billion) term loan facility from Mitsubishi UFJ...

August 21, 2026

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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Coal India Seeks ₹7 Billion Term Loan for 750 MWh Battery Storage Project

Coal India (CIL) has invited bids for a rupee term loan of ₹7.13 billion (~$74.55 million) to develop a 187.5 MW/750 MWh standalone battery energy storage system (BESS)...

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PFC Consulting Awards Project to Evacuate 14 GW of Renewables in Gujarat

PFC Consulting has announced the winner of the auction for a common transmission system to evacuate 14 GW of renewable power from Lakadia (Phase-II: 7.5 GW), Jam...

August 21, 2026

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Rakesh Ranjan

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Grid

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Tenders and Auctions
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PFC Consulting Tenders Transmission Project for 400 kV Substation in Rajasthan

PFC Consulting has invited bids to set up an intra-state transmission system (InSTS) for the 400 kV Bhojrajka (Khushkhera) grid substation in Rajasthan, along with the...

August 21, 2026

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Parth Shukla

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Grid

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Tenders and Auctions
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Daily News Wrap-Up: India’s Solar Open Access Capacity Rises 42% YoY

India added nearly 6 GW of solar open access capacity in the first half (1H) of the calendar year 2026, up 42% year-over-year (YoY) compared to 4 GW, according to Mercom...

August 21, 2026

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Mercom Staff

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Daily Wrap-up
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Korkia Semecon Finland Renewables Sells 125 MW Battery Storage Project

Korkia Semecon Finland Renewables, a joint venture between Korkia and Semecon, has completed the sale of the 125 MW Kukonkylä battery energy storage project in Finland...

August 20, 2026

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Dibin DB

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Energy Storage

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Finance and M&A
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Key Capture Energy Secures $300 Million for Energy Storage Portfolio

Key Capture Energy (KCE), a developer, owner, and operator of battery energy storage systems (BESS), has closed a $300 million letter of credit facility with Standard...

August 20, 2026

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Dibin DB

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Energy Storage

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Finance and M&A
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NTPC REL Invites Bids for 600 MW Wind Project in Andhra Pradesh

NTPC Renewable Energy (NTPC REL) has issued a tender to install wind turbine generators (WTGs) for an interstate transmission system (ISTS)-connected wind energy project...

August 20, 2026

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Parth Shukla

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Tenders and Auctions

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Wind
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Mahindra Susten Closes Financing for 150.8 MW Hybrid Renewable Project

Mahindra Susten, the clean-tech arm of the Mahindra Group, has achieved financial closure for its 150.8 MW hybrid renewable energy project being developed under the...

August 20, 2026

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Staff

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Finance and M&A

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Renewable Energy
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Over 5,400 Power Sector Cases Pending, Delaying Projects and Raising Costs

The government recently told Parliament that over 5,400 power sector cases are pending before electricity sector regulators and the courts. Cases involving the Ministry...

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Daily News Wrap-Up: Why Rooftop Solar is Stalling in Southern States

India’s rooftop solar market continues to see consumer interest, but distribution infrastructure and utility-level processes are hindering demand from translating into...

August 20, 2026

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Mercom Staff

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Daily Wrap-up
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PFC Consulting Tenders Transmission Project for 765 kV Substation in Rajasthan

PFC Consulting has invited bids to establish an intrastate transmission system (InSTS) for the 765 kV grid substation in Rundh Gidawara (Alwar) and the associated...

August 19, 2026

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Melvin Mathew

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T&D

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Tenders and Auctions
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ReNew’s Q1 Revenue Rises 16% on Strong Solar Contribution

Independent power producer ReNew Energy Global has a reported revenue of ₹47.86 billion (~$506 million) for the first quarter (Q1) of the financial year (FY) 2027, a 16....

August 19, 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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Rajasthan Proposes Biomass Tariffs of Up to ₹8.57/kWh for FY 2027

The Rajasthan Electricity Regulatory Commission (RERC) has proposed levelized fixed costs for Rankine cycle-based biomass power projects commissioned during the...

August 19, 2026

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Rakesh Ranjan

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Biofuel

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Markets & Policy

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