Finance and M&A

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India’s Top Five Solar Energy Funding Deals in 2024 [Infographics]

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...

December 23, 2024

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Melvin Mathew

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Finance and M&A

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Mercom Research Focus

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Solar
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Solarium Green Energy Receives BSE Nod for Initial Public Offering

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...

December 20, 2024

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Melvin Mathew

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Finance and M&A

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Renewable Energy

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Solar
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Agri-Solar Solutions Provider GK Energy Files Papers for ₹5.01 Billion IPO

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...

December 19, 2024

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Staff

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Finance and M&A

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Solar

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Utility Scale
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SWELECT Energy to Raise ₹1.38 Billion via Debenture Sale

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...

December 19, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Project Finance Brief: DRI Acquires 166 MW Solar Project Portfolio in Italy

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...

December 18, 2024

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Staff

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Finance and M&A

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Solar
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Residential Solar Company SolarSquare Raises $40 Million in Series B Funding

Mumbai-based rooftop solar company SolarSquare has raised $40 million in a Series B funding round. Lightspeed led the round with participation from Lightrock....

December 12, 2024

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Tina Freese

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Finance and M&A

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Solar
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ACWA Power Aims to Invest $50 Billion in Clean Energy Projects in China by 2030

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...

December 6, 2024

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Baset Asaba

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Finance and M&A

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Renewable Energy

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Solar
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Glow Secures $30 Million to Expand Solar Energy Projects in India

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...

December 4, 2024

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Staff

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Finance and M&A

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Solar
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Project Finance Brief: CEE Group Acquires 102 MW Solar Project in Germany

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...

December 4, 2024

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Staff

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Finance and M&A

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Solar
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Funding and M&A Roundup: Silfab Solar Raises $100 Million

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...

November 27, 2024

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Staff

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Finance and M&A

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Solar
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Solar Module Manufacturer Saatvik Green Files for ₹11.5 Billion IPO

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...

November 20, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Funding and M&A Roundup: Lyten Acquires Battery Manufacturing Assets from Cuberg

From: Mercom Capital Group Lyten, a lithium-sulfur battery developer, announced the acquisition of a lithium-metal battery manufacturing facility and cell-making...

November 20, 2024

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Staff

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Finance and M&A

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Solar
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Project Finance Brief: S4 Energy to Acquire 310 MW BESS Portfolio in Germany

From: Mercom Capital Group S4 Energy, an energy storage project developer and a majority-owned subsidiary of Castleton Commodities International (CCI), has agreed to...

November 20, 2024

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Staff

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Finance and M&A

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Solar
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ACME Secures ₹37 Billion Loan from REC for 320 MW FDRE Projects

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...

November 18, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Funding and M&A Roundup: Glint Solar Raises $8 Million in Series A Funding

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...

November 13, 2024

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Sohini Aich

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Finance and M&A

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Solar

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