adani-green-energy

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Month In a Minute: Top Headlines from the Indian Renewable Sector in May 2025

India added 6.7 GW of solar capacity in the first quarter of 2025, according to Mercom India’s latest Q1 2025 India Solar Market Update Report. The numbers reflect a 25%...

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Adani Green, ReNew, and ACME Solar: Top Utility-Scale Solar Developers in 2024

Adani Green Energy, ReNew, ACME Solar, NTPC Renewable Energy, and O2 Power emerged as the top utility-scale solar project developers in India for 2024, according to...

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Project Finance Brief: SMT Energy Secures Funding for 160 MW/320 MWh BESS Project

From: Mercom Capital Group SMT Energy, a developer, owner, and operator of battery energy storage projects, secured $135 million in project financing to develop a 160...

March 5, 2025

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Staff

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Finance and M&A

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Solar
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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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Adani Green, UPC and Tata Power: Top Utility-Scale Solar Developers in 2023

Adani Green Energy, UPC Renewables, Tata Power Company, Gujarat State Electricity Corporation (GSECL), and Rising Sun Energy (Yinson Holdings) were the top utility-scale...

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Project Finance Brief: Summit Ridge Acquires 100 MW Community Solar Projects

From: Mercom Capital Group Summit Ridge Energy, a solar project developer, announced the acquisition of 19 community solar projects totaling 100 MW across the...

December 6, 2023

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Staff

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Finance and M&A

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Solar
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CERC Approves ₹2.54/kWh Tariff for SECI’s 334 MW Solar Projects

The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.54 (~$0.03)/kWh for a combined capacity of 334 MW from solar power projects of the Solar...

November 7, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Total to Invest $300 Million in a 50:50 Joint Venture with Adani Green

TotalEnergies, a French oil and gas major, will invest $300 million to form a new 50:50 joint venture with Adani Green Energy. The Board of Directors of Adani Green...

September 20, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Adani Green’s Q4 Revenue Grows 89% on Higher Energy Sales, Capacity Add

Adani Green Energy’s (AGEL) revenue grew by 89% year-over-year (YoY) to ₹21.3 billion (~$261 million) for the fourth quarter (Q4) of the financial year (FY) 2022-2023 on...

May 2, 2023

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Gourav Mishra

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Markets & Policy

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Other

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Renewable Energy
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Adani Green’s Profits Up 50% YoY in Q2 FY23 on the Back of Higher Sale of Power

Adani Green Energy (AGEL) posted cash profits of ₹6.01 billion (~$73.98 million) in the second quarter (Q2) of the financial year (FY) 2023, a 50% increase over ₹4.01...

November 11, 2022

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Rakesh Ranjan

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Finance and M&A

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Other

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Renewable Energy
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Daily News Wrap-Up: Cleantech Firms Form Alliance to Transform India’s Carbon Market

A group of cleantech companies have formed the Carbon Association of India, a strategic alliance to transform India’s carbon market. The alliance aims to take...

October 13, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Adani Green Registers 56% Growth in Revenues in FY 22, Energy Sales up by 72%

Adani Green Energy, the renewable energy arm of the Adani Group, reported revenue of ₹37.83 billion (~$495.29 million) from the power supply for the financial year (FY)...

May 4, 2022

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Satish Shetty

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Other

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Renewable Energy

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Uncategorized
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Adani Green Raises $288 Million to Finance Solar Wind Hybrid Projects in Rajasthan

Adani Green Energy has raised a $288 million (~₹21.76 billion) financing facility by extending its construction financing framework to $1.64 billion (~₹124 billion) for...

March 21, 2022

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Rakesh Ranjan

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Finance and M&A

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Solar
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Azure Power and Adani Green Energy Win MSEDCL’s 300 MW Wind Auction

Azure Power and Adani Green Energy Fifteen were declared winners in the Maharashtra State Electricity Distribution Company’s (MSEDCL) auction to procure 300 MW of...

October 29, 2021

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Rakesh Ranjan

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Wind
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Adani Green’s Profits Rise by 61% in Q2 FY 2022 As Solar, Wind Energy Sales Surge

Renewable energy company Adani Green Energy has registered a cash profit of ₹4.01 billion (~$53.51 million) in the second quarter (Q2) of the financial year (FY) 2022,...

October 29, 2021

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Rakesh Ranjan

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Finance and M&A

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Other

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