finance

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REC’s Loan Disbursals for Renewable Projects Rose by 92% in 1H FY 2025

Public finance company REC’s renewable energy loan disbursements rose 92.68% in the first half (1H) of the financial year (FY) 2024-25 and 37.35% in the second quarter...

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Aditya Birla Renewables Raises ₹25 Billion Via Debenture Sale

Aditya Birla Renewables (ABReL), the Aditya Birla Group’s renewable energy arm, has raised ₹25 billion (~$299.26 million) through a private placement of non-convertible...

September 25, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: Rooftop Solar with Battery Storage Eligible for CFA

The Ministry of New and Renewable Energy has clarified that residential rooftop solar installations with battery storage are also eligible for Central Financial...

September 24, 2024

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Mercom Staff

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Daily Wrap-up
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REC Invites Bids for Land Due Diligence of 150 MW Solar Project

REC Limited has invited bids to engage lenders’ legal counsel to carry out the land due diligence of 603 acres of land offered by Adani Solar Energy RJ Two as...

August 2, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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IFC Invests $105 Million in Brookfield’s 500 MW Solar Project in Rajasthan

The International Finance Corporation (IFC) will partially finance a 550 MW solar power project being developed by Brookfield Asset Management in Bikaner, Rajasthan,...

June 18, 2024

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Namratha A Rai

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C&I

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Solar
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REC Records Six-Fold Jump in Renewable Energy Loan Approvals in FY24

Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year (FY) 2023-24,...

April 10, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Funding and M&A Roundup: Battery Recycling Company Mecaware Raises $42 Million

From: Mercom Capital Group Mecaware, a battery recycling company, secured €40 million (~$42 million) in funding for the recycling of battery production...

October 11, 2023

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Group14 Technologies Secures $34 Million Funding

From: Mercom Capital Group Group14 Technologies, a silicon battery materials maker, secured $34.3 million from ShawKwei & Partners, an Asian private equity investor....

October 4, 2023

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Staff

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Uncategorized
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Assam Approves ₹52 Billion Power Distribution Modernization Project

The Assam government has approved a ₹51.97 billion ($624.4 million) project to modernize the state’s power distribution system. The approved project, funded under...

September 27, 2023

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Staff

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Grid

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Market & Policy
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Funding and M&A Roundup: Morrow Batteries Raises ~$74 Million in Funding

From: Mercom Capital Group Morrow Batteries, a Norwegian battery manufacturer, announced that it is raising up to EUR 70 million (~$74 million) in new capital from its...

September 27, 2023

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Verkor Raises $1.5 Billion to Develop Battery Gigafactory

From: Mercom Capital Group Verkor, a manufacturer of lithium-based battery cells and modules, secured €1.45 billion (~$1.54 billion) with a mix of equity and debt...

September 20, 2023

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Ambient Photonics Secures $30 Million Series A2 Funding

From: Mercom Capital Group Ambient Photonics, a low-light solar photovoltaic cells company, secured $30 million in a series A2 funding round. The round was led by Fine...

September 13, 2023

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Solar Solutions Provider UrbanVolt Raises $28 Million

From: Mercom Capital Group UrbanVolt, a solar-as-a-service company, raised €26 million (~$28 million) from European growth investor Verdane, bringing the company’s total...

September 6, 2023

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Staff

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Finance and M&A

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Solar
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Funding and M&A Roundup: FranklinWH Secures $25 Million Series B Funding

From: Mercom Capital Group FranklinWH, a residential energy management solutions provider, secured $25 million in Series B funding led by Particle Future. The funding is...

August 30, 2023

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Cornish Lithium Secures $67 Million Funding

From: Mercom Capital Group Cornish Lithium, a U.K.-based mineral exploration and development company, has secured a $67 million direct equity investment led by UK...

August 16, 2023

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Staff

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Finance and M&A

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Other

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