Finance and M&A

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Funding and M&A Roundup: Recurrent Energy Secures $415 Million

From: Mercom Capital Group Recurrent Energy, a solar and energy storage project developer and wholly owned subsidiary of Canadian Solar, has secured a multi-currency...

May 7, 2025

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Staff

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Finance and M&A

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Other
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Jindal Poly Films Acquires Solar Encapsulation Films Manufacturer Enerlite

Jindal Poly Films, a part of BC Jindal Group, has announced that it acquired Enerlite Solar Films, a manufacturer of solar encapsulation films in India. Enerlite’s...

May 6, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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Bloom Energy Reports Revenue Growth of 38.6% in Q1 2025

Fuel cell and electrolyzer manufacturer Bloom Energy reported a revenue of $326 million in first quarter (Q1) 2025, a 38.6% year-over-year (YoY) increase from $235.3...

May 6, 2025

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Staff

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Finance and M&A

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Other
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Indian Oil to Invest ₹10.86 Billion in Subsidiary for 4.3 GW Renewables Portfolio

Indian Oil Corporation’s (IOCL) board of directors has approved an additional equity investment of ₹10.86 billion (~$129.44 million) in its wholly owned subsidiary,...

May 2, 2025

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Daqo New Energy’s Revenue Plunges 70% in Q1 2025 as Sales Drop

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation reported a revenue of $123.9 million in the first quarter (Q1) of 2025, a 70%...

May 2, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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JinkoSolar’s Revenue Down 33% Amid Price Pressures, Trade Policy Disruptions

China-based solar cell and module manufacturer JinkoSolar’s revenue for the first quarter (Q1) of 2025 dropped 39.9% year-over-year to RMB13.84 billion (~ $1.91 billion)...

May 2, 2025

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Staff

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Finance and M&A

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Other
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Lower Operating Costs, Bookings Drive Stem’s Q1 2025 Revenue Up 27%

Smart energy storage company Stem reported a 27% revenue increase in the first quarter (Q1) of 2025 to $32.5 million, against the expected $31.27 million, from $25.5...

May 2, 2025

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Tina Freese

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Energy Storage

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Finance and M&A
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Ather Energy’s ₹31 Billion IPO Oversubscribed By 1.43 Times

Electric two-wheeler company Ather Energy’s ₹31 billion (~$363.92 million) initial public offering (IPO) was oversubscribed 1.43 times at the end of the bidding window...

April 30, 2025

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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First Solar Misses EPS Expectations in Q1, Scales Down 2025 Guidance

U.S.-based solar module manufacturer First Solar reported a revenue of $844.57 million in the first quarter (Q1) of 2025, a 6.4% year-over-year (YoY) increase from $794....

April 30, 2025

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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: Exowatt Closes $70 Million Series A Funding

From: Mercom Capital Group Exowatt, a provider of thermal energy storage solutions, secured $70 million in a Series A funding round led by Felicis, a venture capital...

April 30, 2025

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Staff

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Finance and M&A

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Other
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REC Raises ₹50 Billion Through Five and Ten-Year Bonds

REC, a state-owned infrastructure finance company, has raised ₹50 billion (~$586 million) through the issuance of bonds. The offering included ₹30 billion (~$352...

April 29, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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Robust Capacity Additions Push Adani Green’s Q4 Revenue Up 37% YoY

Renewable energy company Adani Green Energy (AGEL) generated revenue of ₹26.66 billion (~$312.88 million) from power supply in the fourth quarter (Q4) of the financial...

April 29, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Enphase Lowers Q2 Revenue Guidance, Fears Adverse Impact from China Tariffs

U.S.-based microinverter and battery storage supplier Enphase Energy reported a 35.22% year-over-year (YoY) rise in revenue to $356.1 million in the first quarter (Q1)...

April 29, 2025

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Melvin Mathew

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Energy Storage

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Finance and M&A
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NextEra’s Revenue Grows 9% in Q1, Reaffirms Guidance for 2025

U.S.-based power producer NextEra Energy reported operating revenue of $6.25 billion for the first quarter (Q1) of 2025, a 9% year-over-year (YoY) increase from $5.73...

April 28, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Sterling and Wilson’s Q4 FY 2025 Revenue Highest-Ever, Order Book Swells

Sterling and Wilson Renewable Energy (SWREL), the engineering, procurement, and construction (EPC) arm of the Shapoorji Pallonji Group, recorded its highest-ever...

April 25, 2025

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Staff

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Finance and M&A

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Other

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