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Daily News Wrap-Up: CAG Not Appropriate Body to Audit Delhi DISCOMs

Mercom Staff — Wed, 22 Apr 2026 12:18:29 GMT

The Appellate Tribunal for Electricity (APTEL) set aside the Delhi Electricity Regulatory Commission’s (DERC) decision to appoint the Comptroller and Auditor General (CAG) to audit Delhi’s power distribution companies (DISCOMs), holding that the move violated statutory provisions under the CAG Act. The Tribunal also rejected DERC’s request to delay the liquidation of regulatory assets and directed that recovery begin within three weeks.

Funding and M&A Roundup: Sigenergy Technology Raises $562 Million in IPO

Staff — Wed, 22 Apr 2026 12:07:38 GMT

Listen to this article From: Mercom Capital Group Sigenergy Technology, a provider of home battery storage and commercial solar solutions, raised over HK$4.4 billion (~$562 million)

Project Finance Brief: Elgin Secures $672 Million for Solar, Storage Pipeline

Staff — Wed, 22 Apr 2026 11:55:04 GMT

Listen to this article From: Mercom Capital Group Elgin, an integrated, utility-scale solar and storage independent power producer, secured up to £500 million (~$672 million) of funding from

Evren Secures $600 Million for FDRE Project in Andhra Pradesh and Rajasthan

Parth Shukla — Wed, 22 Apr 2026 11:44:12 GMT

Listen to this article Renewable energy company Evren has secured approximately $600 million from lenders, including SMBC, Standard Chartered Bank, MUFG, DBS Bank, Crédit Agricole

NavPrakriti to Invest ₹1 Billion in Odisha Critical Minerals Facility

Meghana Prasad — Wed, 22 Apr 2026 11:27:08 GMT

NavPrakriti, an eastern India-based lithium-ion battery recycling and refurbishment company, has announced plans to invest over ₹1 billion (~$10.7 million) to set up a greenfield critical minerals refining facility in Odisha.

SECI Invites Bids for 1.2 GW ISTS-Connected Wind Projects

Arjun Joshi — Wed, 22 Apr 2026 10:23:20 GMT

The Solar Energy Corporation of India (SECI) has invited bids to set up 1,200 MW of interstate transmission system (ISTS)-connected wind power projects across India (Tranche XX).

Tandem PV Opens 40 MW US Factory to Scale Perovskite Solar Panels

Meghana Prasad — Tue, 21 Apr 2026 18:12:54 GMT

Perovskite-based solar panel developer Tandem PV has opened a 40 MW commercial demonstration factory in Fremont, California, marking a step toward scaling up next-generation perovskite-silicon solar manufacturing in the U.S.

Sigenergy Technology Raises $562 Million in Hong Kong IPO

Dibin DB — Tue, 21 Apr 2026 17:01:01 GMT

Listen to this article Sigenergy Technology, a provider of home battery storage and commercial solar solutions, has raised over HK$4.4 billion (~$562 million) through its initial

Orrön Energy Sells 91 MW Agrivoltaic Project in Germany

Dibin DB — Tue, 21 Apr 2026 16:42:09 GMT

Sweden-based Orrön Energy, a renewable energy project developer focused on onshore renewable energy assets, has completed the sale of…

Juniper Green Energy Begins Commissioning India’s First FDRE Project

Rakesh Ranjan — Tue, 21 Apr 2026 16:10:00 GMT

Independent power producer, Juniper Green Energy, has begun commissioning India’s first Firm and Dispatchable Renewable Energy (FDRE) project, which integrates 259 MW of solar, 280 MW of wind, and 200 MWh of battery storage across Rajasthan and Gujarat.