Other

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Power Finance Corporation’s Revenue for Q1 FY 2027 Remains Flat

State-owned lender to the energy sector, Power Finance Corporation’s (PFC) revenue for the first quarter (Q1) of the financial year (FY) 2026-27 remained flat at ₹285.27...

August 24, 2026

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Rakesh Ranjan

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Finance and M&A

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Other
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MNRE Allows Four-Month Extension for Renewable Projects Hit by West Asia Crisis

The Ministry of New and Renewable Energy (MNRE) has advised renewable energy implementing agencies (REIAs) and other power procuring agencies to consider granting an...

August 24, 2026

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Rakesh Ranjan

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Markets & Policy

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Renewable Energy
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Daqo New Energy’s Q2 Revenue Falls 17% as Polysilicon Prices Drop

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy reported a revenue of $62.66 million in the second quarter (Q2) of 2026, a 16.7% year-over-year...

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Daily News Wrap-Up: India’s Solar Imports Jump 50% YoY in Q2

India imported solar cells and modules valued at $1.26 billion (~₹119.41 billion) in the second quarter (Q2) of 2026, up 50.3% year-over-year (YoY) compared to $839.49...

August 24, 2026

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Mercom Staff

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Daily Wrap-up
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Scatec Plans Increasing Battery Storage Capacity Fivefold, Q2 Revenue Up 4%

Norway-based renewable energy solutions provider Scatec posted revenue of NOK1.37 billion (~$147.3 million) in the second quarter (Q2) of 2026, up 4% year-over-year...

August 24, 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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SECI Announces Winners of 6 GWh Peak Power Supply Auction

The Solar Energy Corporation of India (SECI) has announced the winners of its auction to select developers for the assured peak supply of 6,000 MWh (1,500 MW X 4 hours)...

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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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