NCR Transport Corporation Invites Bids for 11 MW of Rooftop Solar Systems

NCR Transport Corporation Invites Bids for 11 MW of Rooftop Solar Systems

The National Capital Region Transport Corporation (NCRTC) has floated a tender for 11 MW of rooftop solar systems at its stations, depots, and other buildings in the Delhi-Meerut Corridor. Bidders ...
Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables

Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables

Convergent Finance LLP, a Maharashtra-based investment firm, announced it has invested ₹2 billion ($27.2 million) in solar glassmaker Borosil Renewables through a qualified institutions placement (QIP) of equity shares. In ...
VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3

VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3

Global corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors was up 165% in the third quarter of ...
Uttarakhand Plans 1,000 Solar Projects of 25 kW For Unemployed Youth and Small Farmers

Uttarakhand Plans 1,000 Solar Projects of 25 kW For Unemployed Youth and Small Farmers

The Uttarakhand Electricity Regulatory Commission (UERC) has issued an order extending the control period for benchmark capital costs and generic tariffs as a one-time exception. This is for 10,000 of ...
Validity of Levelized Tariff for Solar Projects in Uttarakhand Extended

Validity of Levelized Tariff for Solar Projects in Uttarakhand Extended

The Uttarakhand Electricity Regulatory Commission (UERC) has extended the validity of benchmark capital cost and levelized generic tariffs for solar projects to March 31, 2021. The Commission had previously extended the validity ...
NTPC Plans to Raise ₹150 Billion in Bonds to Meet Capital Requirements

NTPC Plans to Raise ₹150 Billion in Bonds to Meet Capital Requirements

NTPC Limited announced it plans to get its shareholders’ approval to authorize the company’s board of directors to raise about ₹150 billion (~$2.05 billion) through the issue of bonds during ...
Electric Vehicle Maker Euler Motors Raises ₹200 Million from Inventus Capital India

Electric Vehicle Maker Euler Motors Raises ₹200 Million from Inventus Capital India

Euler Motors, a New Delhi-based electric vehicle (EV) manufacturer, has announced that it has raised ₹200 million (~$2.66 million) as part of its ongoing Series A funding led by Inventus Capital ...
Solar Developer ReNew Power Raises $450 Million Through Dollar Bond Issue

Solar Developer ReNew Power Raises $450 Million Through Dollar Bond Issue

ReNew Power Private Limited, a domestic renewable project developer, has raised $450 million (~₹31.96 billion) through a dollar bond issuance. Mercom confirmed the deal with the parties involved. The bonds ...
ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding

ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding

Indian renewable energy project developer, ReNew Power, has filed draft papers with capital market regulator Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO), according to the ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017

Indian Solar Sector Received Over $10 Billion in Financing During 2017

In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
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