Other

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Maharashtra Aims to Meet 65% of its Power Needs from Renewables by FY 2036

Maharashtra aims to meet 65% of its power needs from renewable energy sources and has set a target for power distribution companies to procure energy storage capacity...

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HPERC Fixes Himachal’s Free Power Rate at ₹2.73 /kWh for FY 2027

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has set the rate for the sale of the state government’s free power to the Himachal Pradesh State...

March 20, 2026

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Arjun Joshi

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Markets & Policy

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Other

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Other Energy
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Daily News Wrap-Up: India Hit 119 GW Solar Module, 9 GW Cell Capacity in 2025

India added nearly 119 GW of solar modules and over 9 GW of solar cell capacity in 2025, according to Mercom India’s State of Solar PV Manufacturing in India 2026 report....

March 20, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Deendayal Port Invites Bids for Green Hydrogen Storage and Fuel-Cell Power Project

Deendayal Port Authority has invited bids to set up a metal hydride technology-based green hydrogen storage system with a capacity of at least 3 kg and fuel cell-based...

March 18, 2026

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Melvin Mathew

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Renewable Energy

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Tenders and Auctions
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India’s Non-Fossil Power Capacity Reaches 52.3% as of January 2026

India’s non-fossil energy sources have reached 52.3% of the country’s total installed power capacity of 520.5 GW as of January 2026, while thermal power continues to...

March 18, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy

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Solar
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KKR to Invest Up to $310 Million in E-Bus Companies Allfleet and PMI Electro

Global investment firm KKR will invest up to $310 million (~₹28.63 billion) and form a partnership with electric bus (e-bus) platform Allfleet and e-bus manufacturer PMI...

March 18, 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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CleanMax’s Income Rises 14% YoY in Q3 FY 2026

Clean energy solutions provider Clean Max Enviro Energy Solutions reported a total income of ₹4.66 billion (~$50.45 million) in the third quarter (Q3) of the financial...

March 18, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Funding and M&A Roundup: MGA Thermal Secures $12 Million

From: Mercom Capital Group MGA Thermal, a provider of thermal energy-based long-duration energy storage systems, has secured A$17 million (~$12 million) in funding. The...

March 18, 2026

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Staff

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Finance and M&A

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Other
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Punjab Proposes Carry-Forward of Banked Energy for InSTS Open Access Projects

The Punjab State Electricity Regulatory Commission (PSERC) has proposed amendments to the Punjab State Electricity Regulatory Commission (Terms & Conditions for...

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Daily News Wrap-Up: Easing Group Captive Power Rules May Boost C&I Participation

The Ministry of Power’s relaxations, allowing group captive projects to meet the 51% consumption requirement collectively rather than based on the individual...

March 18, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Project Finance Brief: Prime Infra Secures $4.6B for Pumped Hydro Projects

From: Mercom Capital Group Prime Infra, an infrastructure developer and operator, closed two financing agreements totaling Php273.47 billion (~$4.6 billion). According...

March 18, 2026

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Staff

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Finance and M&A

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Other
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Ecofy Raises ₹3.8 Billion to Expand Retail Green Finance in India

Ecofy, a non-banking financial company backed by Eversource Capital, has raised ₹3.8 billion (~$41.1 million) in fresh equity capital to expand its retail-focused green...

March 17, 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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POWERGRID Invites Bids to Select Partner for 5 GW ISTS Project in Visakhapatnam

Power Grid Corporation of India (POWERGRID) has invited bids to select a consortium partner to set up an interstate transmission (ISTS) project to evacuate 5 GW of power...

March 17, 2026

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Melvin Mathew

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Grid

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Tenders and Auctions
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ReNew Offloads 11% Stake in C&I Arm for $95 Million

A consortium of three investors led by LeapFrog Investments, Emerging Market Climate Action Fund, and Carlyle AlpInvest has picked up a combined stake of approximately...

March 17, 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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KPI Green Secures ₹9.79 Billion Loan for 150 MW Wind Project in Gujarat

Surat-based renewable energy solutions company KPI Green Energy has secured ₹9.79 billion (~$105.99 million),  comprising a ₹9.31 billion (~$100.81 million) term loan...

March 17, 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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