funding

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Ecofy Raises ₹3.8 Billion to Expand Retail Green Finance in India

Ecofy, a non-banking financial company backed by Eversource Capital, has raised ₹3.8 billion (~$41.1 million) in fresh equity capital to expand its retail-focused green...

March 17, 2026

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Meghana Prasad

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Finance and M&A

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Renewable Energy
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ReNew Offloads 11% Stake in C&I Arm for $95 Million

A consortium of three investors led by LeapFrog Investments, Emerging Market Climate Action Fund, and Carlyle AlpInvest has picked up a combined stake of approximately...

March 17, 2026

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Parth Shukla

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Finance and M&A

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Renewable Energy
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Sunsure Raises ₹6 Billion in Debt Financing from Aseem Infra and RBL Bank

Gurugram-based renewable energy solutions provider Sunsure Energy has raised ₹6.06 billion (~$65.64 million) in debt financing from Aseem Infrastructure Finance and RBL...

March 17, 2026

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Melvin Mathew

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Finance and M&A

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Solar
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BlackSoil Invests ₹750 Million in Euler Motors to Support EV Growth

Alternative credit platform BlackSoil has invested ₹750 million (~$8.1 million) in electric vehicle manufacturer Euler Motors as part of a funding round following the...

March 17, 2026

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Meghana Prasad

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Electric Vehicles

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Finance and M&A
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Adani Energy Raises $500 Million from Apollo for Transmission Arm

U.S.-based global alternative asset manager Apollo Global Management-managed funds, affiliates, and other long-term investors have purchased $500 million (~₹45.96...

March 12, 2026

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Melvin Mathew

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Finance and M&A

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Grid

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T&D
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Funding and M&A Roundup: Solar Module Manufacturer HELIUP Raises $19 Million

From: Mercom Capital Group HELIUP, a solar module manufacturer for large rooftops of commercial and industrial buildings, closed a €16 million (~$19 million) funding...

March 11, 2026

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Staff

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Finance and M&A

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Other
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Torrent Power Issues Non-Convertible Debentures Worth ₹20 Billion

Gujarat-based Torrent Power has raised ₹20 billion (~$216.58 million) through private placement of secured, non-convertible debentures (NCDs). The debenture issue...

March 10, 2026

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Melvin Mathew

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Finance and M&A

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Grid
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IL&FS Mutual Fund Commits ₹1.25 Billion Investment in Hero Solar Energy

Infrastructure debt fund IL&FS Mutual Fund has committed an investment of ₹1.25 billion (~$13.63 million) in Hero Solar Energy, part of renewable energy developer...

March 6, 2026

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Parth Shukla

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Finance and M&A

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Renewable Energy
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Funding and M&A Roundup: SolarAfrica Energy Secures $39 Million

From: Mercom Capital Group Commercial Energy South Africa (CESA), a subsidiary of SolarAfrica Energy, a South African energy solutions provider, closed an investment of...

March 5, 2026

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Staff

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Finance and M&A

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Other
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Renewable Energy Solutions Provider CleanMax’s IPO Subscribed 94%

Clean energy solutions provider Clean Max Enviro Energy Solutions’ (CleanMax) ₹31 billion (~$340.92 million) initial public offering (IPO) was subscribed 0.94 times at...

February 25, 2026

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Melvin Mathew

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Finance and M&A

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Solar

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Wind
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Project Finance Brief: Atlas Renewable Energy Secures $3B Refinancing

From: Mercom Capital Group Atlas Renewable Energy, a solar and wind project developer, has closed approximately $3 billion in corporate refinancing, its largest to date...

February 25, 2026

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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: First Solar Secures $1.5 Billion

From: Mercom Capital Group First Solar, a U.S.-based solar module manufacturer, has secured a $1.5 billion revolving credit facility. The agreement establishes a senior...

February 25, 2026

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Staff

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Finance and M&A

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Other
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Statiq Raises $18 Million to Expand EV Charging Network

Gurugram-based electric vehicle (EV) charging network operator Statiq has raised about ₹18 million through a mix of debt and equity. The funding round was led by...

February 20, 2026

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Rakesh Ranjan

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Electric Vehicles

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Grid
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Funding and M&A Roundup: SOLV Energy Raises $589 Million Through IPO

From: Mercom Capital Group SOLV Energy, a company that provides construction, operation, and maintenance services for large-scale solar and battery storage projects, has...

February 18, 2026

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Staff

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Energy Storage

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Solar
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GREW Solar Raises ₹10.5 Billion to Expand Cell Capacity in Madhya Pradesh

Solar module manufacturer GREW Solar has raised ₹10.5 billion (~$118.4 million) in a new funding round led by Bay Capital Investment to expand manufacturing capacity at...

February 13, 2026

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Meghana Prasad

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Finance and M&A

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Solar

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