Finance and M&A

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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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PFC–REC Merger Moves Ahead with Structured Execution Plan

Power Finance Corporation (PFC) and REC Limited’s merger is moving ahead in full steam, with execution plans being laid out to meet the statutory and regulatory...

February 13, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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Strong Solar and Hydro Output Lifts SJVN’s Revenue by 61% in Q3 FY 2026

Government-owned power generation company SJVN’s revenue rose to ₹10.81 billion (~$119.22 million) in the third quarter (Q3) of the financial year (FY) 2026, a 61.3%...

February 12, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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Tamilnadu Petroproducts to Procure 13.2 MW of Solar Power from Zelestra SPV

Tamilnadu Petroproducts will procure approximately 13.2 MW of solar power from Navia Three Power (NTPPL), a special-purpose vehicle (SPV) of renewable energy solutions...

February 9, 2026

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Parth Shukla

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Finance and M&A

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Solar
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Radiance Renewables Raises $100 Million from Danish Fund, FMO

Mumbai-based Radiance Renewables, a clean energy firm backed by Eversource Capital, has raised about $100 million in equity funding from two major international...

February 9, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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Enphase’s Q4 2025 Revenue Down on Softening US, Europe Demand

Microinverter and battery storage supplier Enphase Energy reported revenue of $343.32 million for the fourth quarter (Q4) of 2025, down 10.29% year-over-year (YoY) from...

February 9, 2026

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Melvin Mathew

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Finance and M&A

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Inverters & BOS
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PFC Acquires Majority Stake in REC, Board Greenlights Merger

Power Finance Corporation (PFC) has acquired 52.63% of the Government of India’s stake in REC Limited, making REC a subsidiary of PFC. The PFC Board took note of the...

February 6, 2026

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Rakesh Ranjan

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Finance and M&A

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Renewable Energy
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Saatvik Green’s Q3 Earnings Up on Higher Solar Module Demand

Haryana-based solar module manufacturer Saatvik Green Energy recorded a revenue of ₹12.57 billion (~$139.04 million) in the third quarter (Q3) of FY 2026, representing a...

February 5, 2026

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Melvin Mathew

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Finance and M&A

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Modules

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Solar
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Tata Power Reports Flat Q3 Profit Despite Strong Renewables Performance

Integrated power company Tata Power posted a profit of ₹11.94 billion (~$132.01 million) in the third quarter (Q3) of the financial year (FY) 2026, a slight increase of...

February 5, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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Saatvik Green Invests ₹2.51 Billion in Subsidiary’s 4 GW Solar Module Facility

Haryana-based solar module manufacturer Saatvik Green Energy has invested ₹2.51 billion (~$27.75 million) in a 4 GW solar module manufacturing facility in Odisha....

February 5, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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Strong Development and Construction Cut Scatec’s Loss by 72% in Q4 2026

Norway-based renewable energy solutions provider Scatec reported a revenue of NOK1.03 billion (~$106.3 million) in the fourth quarter (Q4) of 2025, declining 10.8%...

February 5, 2026

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Parth Shukla

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Energy Storage

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Finance and M&A

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Solar
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Solarworld’s Q3 FY 2026 Revenue Jumps 184% on Strong EPC Execution

Uttar Pradesh-based renewable energy company Solarworld Energy Solutions reported a revenue of ₹5.78 billion (~$62.88 million) for the third quarter (Q3) of the...

January 30, 2026

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Meghana Prasad

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Finance and M&A

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Solar

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