Finance and M&A
According to Mercom’s Q3 2024 India Solar Market Update report, the top five funding deals in India’s solar sector in 2024 saw a 42.85% year-over-year increase, securing...
Ahmedabad-based turnkey solar solutions provider Solarium Green Energy has received in-principle approval from the BSE SME to float its Initial Public Offering (IPO) of...
Maharashtra-based agri-solar solutions provider GK Energy has filed the draft red herring prospectus (DRHP) to raise over ₹5.01 billion (~$60.02 million) through an...
Solar module manufacturer SWELECT Energy Systems has proposed raising ₹1.38 billion (~$16.22 million) by issuing 1,385 non-convertible debentures (NCDs) with a face...
From: Mercom Capital Group DRI, a renewable energy company based in Amsterdam and a subsidiary of the DTEK Group, has announced the signing and completion of a purchase...
Mumbai-based rooftop solar company SolarSquare has raised $40 million in a Series B funding round. Lightspeed led the round with participation from Lightrock....
Saudi Arabia-based energy company ACWA Power plans to invest up to $50 billion in renewable energy projects in China by 2030. The company aims to collaborate with...
Solar energy startup Glow has raised $30 million in funding from Framework and Union Square Ventures to scale its renewable energy operations in India and other global...
From: Mercom Capital Group CEE Group, a Hamburg-based renewable energy asset management firm, announced the acquisition of the 102 MW Klüden solar project in the Börde...
From: Mercom Capital Group Silfab Solar, a solar module manufacturer, has closed $100 million in new financing to scale its state-of-the-art solar cell manufacturing...
Haryana-based solar module manufacturer Saatvik Green Energy has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise...
From: Mercom Capital Group Lyten, a lithium-sulfur battery developer, announced the acquisition of a lithium-metal battery manufacturing facility and cell-making...
From: Mercom Capital Group S4 Energy, an energy storage project developer and a majority-owned subsidiary of Castleton Commodities International (CCI), has agreed to...
ACME Sun Power, a wholly owned subsidiary of ACME Solar Holdings, has secured a ₹37.53 billion (~$444.68 million) loan from REC Limited to develop 320 MW Firm and...
From: Mercom Capital Group Glint Solar, a company that provides software for solar developers, raised $8 million in a Series A funding round led by Smedvig Ventures with...
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