Finance and M&A

thumbnail
New GST Rates on Renewable Energy Goods Likely to Reduce Costs and Tariffs

The reduction in Goods and Services Tax (GST) from 12% to 5% on solar cells and other renewable energy devices is likely to lower power costs for consumers while...

September 12, 2025

/

Melvin Mathew

/

Finance and M&A

,

Mercom Research Focus

,

Solar

,

Wind
thumbnail
ACME Secures ₹39 Billion Loan from SBI for 400 MW FDRE Project

ACME Venus Urja, a wholly owned subsidiary of ACME Solar Holdings, has secured a long-term project debt funding of ₹38.92 billion (~$440.13 million) from the State Bank...

September 11, 2025

/

Arjun Joshi

/

Finance and M&A

,

Solar
thumbnail
Inox Neo Energies to Acquire 640 MW Renewable Hybrid Portfolio from Evergreen

Independent power producer Inox Neo Energies, an INOXGFL Group company, has executed definitive agreements with Evergreen Power Mauritius and Evergreen Renewables to...

September 11, 2025

/

Arjun Joshi

/

Finance and M&A

,

Solar

,

Wind
thumbnail
Prozeal Green Energy Gets SEBI Approval for ₹7 Billion IPO

Solar engineering, procurement, and construction company Prozeal Green Energy has received approval from the market regulator Securities and Exchange Board of India...

September 10, 2025

/

Melvin Mathew

/

Finance and M&A

,

Solar
thumbnail
Cleantech Startup QuantE Energy Raises $500,000 from TDV, Angel Investors

Noida-based cleantech startup QuantE Energy Tech has raised $500,000 (~₹44 million) from Trillion Dollar Venture Partners (TDV) and marquee angel investors. The list of...

September 4, 2025

/

Melvin Mathew

/

Finance and M&A

,

Solar
thumbnail
Project Finance Brief: Zenobē Acquires 400 MW Battery Energy Storage Project

From: Mercom Capital Group Zenobē, a U.K.-based owner and operator of grid-scale battery storage, has announced the acquisition of a 400 MW ready-to-build battery energy...

September 3, 2025

/

Staff

/

Finance and M&A

,

Solar
thumbnail
Daqo’s Revenue in Q2 Dropped 65.8% YoY Due to Lower Sales

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation reported a revenue of $75.2 million in the second quarter (Q2) of 2025, a 65.8%...

September 1, 2025

/

Melvin Mathew

/

Finance and M&A

,

Solar
thumbnail
ACME Solar Holdings Plans ₹30 Billion Fundraise in Multiple Tranches

ACME Solar Holdings’ board of directors has approved a plan to raise ₹30 billion (~$342.23 million) in one or more tranches by issuing equity shares or other...

August 28, 2025

/

Arjun Joshi

/

Finance and M&A

,

Solar
thumbnail
Project Finance Brief: Enviromena Acquires 49.9 MW Longpasture Solar Project

From: Mercom Capital Group Enviromena, a U.K.-based independent power producer, announced the acquisition of the 49.9 MW Longpasture solar project from Bluefield Solar,...

August 28, 2025

/

Staff

/

Finance and M&A

,

Solar
thumbnail
Higher Sales Drive Hydrogen Fuel Cell Company Plug Power’s Revenue Up 21%

Hydrogen fuel cell solutions provider Plug Power reported a revenue of $174 million in the second quarter (Q2) of 2025, a 21% year-over-year (YoY) increase from $143...

August 26, 2025

/

Melvin Mathew

/

Finance and M&A

,

Renewable Energy
thumbnail
Domestic Demand for US-Made Goods Grows SolarEdge’s Revenue by 9.04%

Israel-based solar inverter manufacturer SolarEdge reported a revenue of $289.4 million in the second quarter (Q2) of 2025, a 9.04% year-over-year (YoY) growth from $265....

August 25, 2025

/

Melvin Mathew

/

Finance and M&A

,

Inverters & BOS
thumbnail
Vikram Solar’s IPO Oversubscribed by Over 54 Times 

Solar module manufacturer Vikram Solar’s initial public offering (IPO) was oversubscribed 54.63 times at the end of the bidding window on August 21, 2025. The price band...

August 21, 2025

/

Melvin Mathew

/

Finance and M&A

,

Solar
thumbnail
Project Finance Brief: Green Genius Secures $75 Million for 182 MW Solar Projects

From: Mercom Capital Group Green Genius, a renewable energy company, entered into financing agreements for up to €64 million (~$75 million) with the Nordic Investment...

August 20, 2025

/

Staff

/

Finance and M&A

,

Solar
thumbnail
Nikhil Kamath Invests ₹1.37 Billion in Module Manufacturer Goldi Solar

Entrepreneur and investor Nikhil Kamath, co-founder of online stock broking firm Zerodha, has invested ₹1.37 billion (~$15.68 million) in solar module manufacturer Goldi...

August 18, 2025

/

B.S. Nagaraj

/

Finance and M&A

,

Solar
thumbnail
ReNew’s Revenue and Profit in Q1 FY 2026 Up on Higher Module Sales

Decarbonization solutions company ReNew has reported a 1,202% year-over-year (YoY) increase in net profit to ₹5.13 billion ($59 million) in the first quarter (Q1) of the...

August 14, 2025

/

Melvin Mathew

/

Finance and M&A

,

Solar

1

2

3

...

75