Other

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Textile Firm RSWM To Procure 60 MW of Renewable Power From Adani Energy

Textile manufacturing company and the flagship company of the LNJ Bhilwara Group, RSWM, has signed an agreement with Adani Energy Solutions (AESL) to supply 60 MW of...

November 5, 2025

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Staff

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Other

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Renewable Energy
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Bombay High Court Sets Aside MERC Order Curbing Renewable Energy Banking

Quashing the impugned multi-year tariff (MYT) review order passed by the Maharashtra Electricity Regulatory Commission (MERC), the Bombay High Court said that the MYT...

November 5, 2025

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Melvin Mathew

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Other

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Renewable Energy
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POWERGRID Board Approves Raising up to ₹60 Billion Loan from SBI

The Government-owned transmission utility, Power Grid Corporation of India’s (POWERGRID) Board has approved raising funds of up to ₹60 billion (~$676.05 million) through...

November 5, 2025

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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: SAX Power Raises $11.6 Million

From: Mercom Capital Group SAX Power, a manufacturer of energy storage systems, completed its third funding round, raising €10 million (~$11.6 million) from a consortium...

November 5, 2025

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: Energy Storage Drew $2.8 Billion in VC Funding in 9M 2025

Corporate funding for energy storage companies came in at $11.2 billion across 85 deals in the first nine months (9M) of 2025, down 36% year-over-year (YoY) from $17.6...

November 5, 2025

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Mercom Staff

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Daily Wrap-up

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Other
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Renewables Expansion Pushes ACME Solar’s Q2 FY26 Revenue 104% YoY

Gurgaon-based independent power producer ACME Solar Holdings has posted a revenue of ₹6.01 billion (~$67.81 million) in the second quarter (Q2) of the financial year...

November 4, 2025

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Staff

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Finance and M&A

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Solar
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No Blanket Cancellation of Renewable Projects with Unsigned PSAs: MNRE

The Ministry of New and Renewable Energy (MNRE) has clarified that there will be no blanket cancellation of projects awarded by renewable energy implementing agencies...

November 4, 2025

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Arjun Joshi

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Markets & Policy

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Other

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Renewable Energy
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Green Energy Trade on IEX Up 21% YoY in October 2025

The Indian Energy Exchange (IEX) traded 11,233 million units (MU) of electricity in October 2025, representing a 16.5% year-over-year (YoY) increase. According to the...

November 4, 2025

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: Indian Oil Floats 1 MW Solar EPC Tender

Indian Oil Corporation invited bids for the engineering, procurement, and construction (EPC) of a 1 MW grid-connected solar power project at its LPG bottling plant in...

November 4, 2025

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Mercom Staff

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Daily Wrap-up

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Other
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Higher Power Sales Drive Scatec’s Q3 Revenue 22% YoY

Norway-based renewable energy solutions provider Scatec posted a revenue of NOK2.95 billion (~$291.73 million) in the third quarter (Q3) of 2025, a 22% year-over-year...

November 4, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Tata Capital, GCF Partner to Support Climate-Tech Startups in India

Tata Capital (TCL), the financial services company of the Tata Group, has partnered with the Green Climate Fund (GCF) under its newly approved BEACON India program to...

November 4, 2025

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Staff

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Finance and M&A

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Renewable Energy
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MENA Weekly Round-Up: Saudi Arabia Awards 4.5 GW Renewable Projects

The Saudi Power Procurement Company awarded four solar and one wind projects totaling 4.5 GW in the sixth phase of the National Renewable Energy Program. Abu Dhabi...

November 3, 2025

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Staff

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Other

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Renewable Energy
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Daily News Wrap-Up: Ministry Backs Proposed Reforms, Assures Fair Competition

The Ministry of Power has asserted that government-owned distribution companies (DISCOM) will continue to operate alongside private licensees in a regulated,...

November 3, 2025

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Mercom Staff

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Daily Wrap-up

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Other
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IEX’s Profit Increases by 13.9% in Q2 FY 2026 Amid Strong Electricity Trade

The Indian Energy Exchange (IEX) has posted a revenue of ₹1.83 billion (~$20.63 million), a 9.2% YoY increase from ₹1.67 billion (~$18.82 million), in the second quarter...

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AI Surge, Funding Gaps, and Geopolitics Delay Net Zero to 2060: Report

The global energy transition is falling behind as the world drifts further from its climate goals, according to Wood Mackenzie’s Energy Transition Outlook 2025–26. It...

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