Other

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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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Funding and M&A Roundup: Aditya Birla Renewables to Acquire Sprng Energy

From: Mercom Capital Group Aditya Birla Renewables (ABRen), the renewable energy subsidiary of Grasim Industries, has signed a definitive agreement to acquire Sprng...

July 15, 2026

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Staff

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Finance and M&A

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Other
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Project Finance Brief: Masdar Closes $5.1 Billion Financing for Solar and Storage Project

From: Mercom Capital Group Masdar (Abu Dhabi Future Energy Company), a UAE-based renewable energy developer, has reached financial close on a $5.1 billion financing...

July 15, 2026

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Staff

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Finance and M&A

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Other
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CERC Proposes FY 2027 Generic Tariffs for Renewable Energy Projects

The Central Electricity Regulatory Commission (CERC) has invited  stakeholder comments on the levelized generic tariffs proposed for renewable energy projects for the...

July 14, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy
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GERC Seeks Consultants for Progressive Retail Tariff Reforms

The Gujarat Electricity Regulatory Commission (GERC) has invited bids from consultancy firms to assist in preparing a study on the rationalization of the retail...

July 14, 2026

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Parth Shukla

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Other

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Tenders and Auctions
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Daily News Wrap-Up: Industry, Academia Must Fill Renewable Energy Talent Gaps

India’s renewable energy industry is expanding rapidly, but the availability of job-ready talent has not kept pace with the sector’s growth, panelists said at the Mercom...

July 14, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Aditya Birla Renewables to Acquire Sprng Energy for $1.8 Billion

Aditya Birla Renewables (ABRen), the renewable energy subsidiary of Grasim Industries, has signed a definitive agreement to acquire Sprng Energy from Shell Overseas...

July 14, 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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GERC Seeks Consultants to Review and Monitor Capital Investment Plan

The Gujarat Electricity Regulatory Commission (GERC) has invited bids from consultancy firms to assist with the scrutiny, review, approval, and monitoring of the capital...

July 14, 2026

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Rakesh Ranjan

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Grid

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Tenders and Auctions

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3

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