Finance and M&A

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Array Technologies’ Revenue Drops 17.8% in Q4 2025, Net Loss Widens

U.S.-based solar tracker company Array Technologies’ fourth quarter (Q4) 2025 revenue dropped 17.8% year-over-year (YoY) to $226 million from $275 million. The revenue,...

February 27, 2026

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Melvin Mathew

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Finance and M&A

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Solar
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Odisha Extends State Support of Up to ₹4.95 Billion for PM Surya Ghar Program

The Odisha government has announced additional state support of up to ₹4.95 billion (~$54.445 million) to accelerate the growth of rooftop solar projects under the PM...

February 26, 2026

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Melvin Mathew

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Finance and M&A

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Solar
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Shoals’ Q4 2025 Revenues Up on Higher Sales to Large-Scale Solar Projects

Shoals Technologies Group, a supplier of electrical balance of system (EBOS) solutions, reported revenue of $148.3 million in the fourth quarter (Q4) of 2025, an...

February 26, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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Higher Module Sales Boost First Solar’s Q4 2025 Net Income

U.S.-based module manufacturer First Solar’s net sales in the fourth quarter (Q4) of 2025 rose 11.1% year-over-year (YoY) to $1.68 billion from $1.51 billion. Net income...

February 26, 2026

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Parth Shukla

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Finance and M&A

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Solar
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Renewable Energy Solutions Provider CleanMax’s IPO Subscribed 94%

Clean energy solutions provider Clean Max Enviro Energy Solutions’ (CleanMax) ₹31 billion (~$340.92 million) initial public offering (IPO) was subscribed 0.94 times at...

February 25, 2026

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Melvin Mathew

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Finance and M&A

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Solar

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Wind
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SECI Invites Quotes from Banks for ₹4.5 Billion Term/Fixed Deposit Investments

The Solar Energy Corporation of India (SECI) has invited quotations from scheduled commercial banks to invest ₹4.5 billion (~$49.603 million) in term/fixed deposits. The...

February 23, 2026

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Melvin Mathew

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Finance and M&A

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Solar
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World Bank Provides $198 Million Guarantee for SBI’s Rooftop Solar Initiative

The World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) has issued a $197.67 million five-year guarantee to Citibank N.A. for its non-shareholder loan to...

February 19, 2026

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Parth Shukla

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Finance and M&A

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Rooftop

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Solar
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Higher Wind Installations Push Inox Wind’s Revenue Up by 33% YoY in Q3

Wind energy solutions provider Inox Wind (IWL) reported revenue of ₹12.07 billion (~$133.13 million) in the third quarter (Q3) of the financial year (FY) 2026, a 32.5%...

February 18, 2026

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Melvin Mathew

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Finance and M&A

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Wind
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ReNew Narrows Loss in Q3, Revenue Up 48% on Higher Solar Module and Cell Sales

Decarbonization solutions company ReNew posted a total revenue of ₹31.37 billion (~$345.79 million) in the third quarter (Q3) of the financial year (FY) 2026, a 48%...

February 17, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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Coal India Steps Up Solar Spending, Exceeds Target for FY 2026

Coal India has stepped up its renewable energy investments, incurring a capital expenditure (CAPEX) of ₹9.61 billion (~$106.11 million) on solar projects in the ongoing...

February 16, 2026

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B.S. Nagaraj

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Finance and M&A

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Solar
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REC Silicon Narrows Net Loss by 94% in Q4 2025 Despite Revenue Decline

Norway-based silicon materials manufacturer REC Silicon reported a net loss of $17.3 million in the fourth quarter (Q4) of 2025, narrowing 94.48% year-over-year (YoY)...

February 16, 2026

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Melvin Mathew

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Finance and M&A

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Solar
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Saatvik Forays into IPP Segment, to Buy 49% Stake in Intelligent Hydel

Saatvik Cleantech EPC, a wholly owned subsidiary of Haryana-based solar module manufacturer Saatvik Green Energy, has entered into a share purchase agreement to acquire...

February 13, 2026

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Melvin Mathew

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Finance and M&A

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Solar
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GREW Solar Raises ₹10.5 Billion to Expand Cell Capacity in Madhya Pradesh

Solar module manufacturer GREW Solar has raised ₹10.5 billion (~$118.4 million) in a new funding round led by Bay Capital Investment to expand manufacturing capacity at...

February 13, 2026

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Meghana Prasad

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Finance and M&A

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Solar
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Amara Raja’s Revenue Up 4.2% in Q3 Due to Strong EV Market Growth

Battery manufacturer Amara Raja Energy and Mobility posted a revenue of ₹34.1 billion (~$376.14 million) in the third quarter (Q3) of the financial year (FY) 2026, a 4....

February 13, 2026

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Melvin Mathew

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Energy Storage

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Finance and M&A
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Vikram Solar Secures ₹32 Billion Working Capital Facilities

Solar module manufacturer Vikram Solar has signed an agreement to renew and enhance its existing working capital facilities, amounting to ₹32 billion (~$353.23 million),...

February 13, 2026

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Melvin Mathew

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Finance and M&A

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Solar

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