Other

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Strong Solar Module Sales Drive Waaree Energies’ Income Up 70% in Q2 FY 2026

Solar module manufacturer Waaree Energies’s total income for the second quarter (Q2) of the financial year (FY) 2026 rose 69.96% year-over-year (YoY) to ₹62.27 billion...

October 17, 2025

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Arjun Joshi

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Finance and M&A

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Other
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SECI, DRDO Sign MoU for Developing 300 GW Renewable Projects

The Solar Energy Corporation of India (SECI) has signed a memorandum of understanding with the Defence Research and Development Organisation (DRDO) to develop over 300...

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Daily News Wrap-Up: SECI Announces 2 GW Solar Plus Storage Auction Winners

Eleven companies won Solar Energy Corporation of India’s (SECI) Tranche XX auction to set up 2,000 MW interstate transmission system (ISTS)-connected solar projects,...

October 17, 2025

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Mercom Staff

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Daily Wrap-up
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Bihar Sets Renewable Purchase Obligation Target of 43% by FY 2030

The Bihar Electricity Regulatory Commission (BERC) has set a target of meeting 43.33% of its energy requirements from renewable sources by the financial year (FY) 2030....

October 16, 2025

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Arjun Joshi

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Other

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Renewable Energy
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TACC Secures ₹12.3 Billion from SBI for Active Anode Material Plant

The Advanced Carbons Company (TACC), a part of LNJ Bhilwara Group, has secured a credit facility of ₹12.3 billion (~$139.93 billion) from the State Bank of India (SBI)...

October 16, 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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Daily News Wrap-Up: Tamil Nadu Targets 43% Renewable Energy by FY 2030

The Tamil Nadu Electricity Regulatory Commission set a target of meeting 43.33% of its energy requirements from renewable sources by the financial year 2030.  The wind...

October 16, 2025

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Mercom Staff

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Daily Wrap-up

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Other
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Australia Floats Tender for 5 GW Renewable Energy Projects

Australia has invited bids for 5 GW of renewable energy projects in the National Electricity Market as part of the seventh tender under the Capacity Investment Scheme...

October 15, 2025

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Arjun Joshi

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Other

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Renewable Energy

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Tenders & Auctions
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Bloom, Brookfield Sign $5 Billion Deal to Power AI Data Centers

Power solutions company Bloom Energy and global alternative asset manager Brookfield Asset Management have entered into a $5 billion strategic partnership to implement...

October 15, 2025

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Staff

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Finance and M&A
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Tamil Nadu Sets Renewable Purchase and Consumption Target of 43% by FY 2030

The Tamil Nadu Electricity Regulatory Commission has set a target of meeting 43.33% of its energy requirements from renewable sources by the financial year (FY) 2030....

October 15, 2025

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Arjun Joshi

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Other

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Renewable Energy
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ReNew Receives Revised Share Buyout Proposal from Investors

Decarbonization solutions company ReNew Global Energy (ReNew) has received a best and final non-binding proposal from the consortium led by Abu Dhabi Future Energy...

October 15, 2025

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Staff

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Finance and M&A

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Press Releases
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Refex Green to Divest Entire 74% Stake in Subsidiary Flaunt Solar Energy 

The board of directors of Refex Green Power, a wholly-owned subsidiary company of Refex Renewables and Infrastructure, has approved the sale of its entire 74% equity...

October 15, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: ALMM Solar Capacity Rises by 6.9 GW in October 2025

The Ministry of New and Renewable Energy updated the Approved List of Models and Manufacturers (ALMM) for solar modules, adding a capacity of 6,922 MW. The cumulative...

October 15, 2025

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Mercom Staff

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Daily Wrap-up

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Other
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Funding and M&A Roundup: Base Power Raises $1 Billion

From: Mercom Capital Group Texas-based Base Power has raised $1 billion in Series C funding, led by Addition, to accelerate the deployment of its home battery storage...

October 15, 2025

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Staff

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Finance and M&A

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Other
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European Investment Bank Commits $60 Million to India Energy Transition Fund

EIB Global, the European Investment Bank’s (EIB) development arm, is investing up to $60 million in the India Energy Transition Fund. The fund has a target size of...

October 14, 2025

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Arjun Joshi

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Finance and M&A

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Other

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Renewable Energy
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IREDA’s Revenue Up 28% in Q2 FY 2026 as Loan Book Swells

Government-owned lender, Indian Renewable Energy Development Agency (IREDA), has reported revenue from operations of ₹20.57 billion (~$239.2 million) in the second...

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