funding

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Jupiter Secures ₹5 Billion for Solar Cell and Module Manufacturing Expansion

Kolkata-based solar cell manufacturer and solar solutions provider Jupiter International has secured a ₹5 billion (~$58.07 million) investment from ValueQuest SCALE Fund....

April 15, 2025

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Melvin Mathew

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Finance and M&A

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Modules

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Solar
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Funding and M&A Roundup: Zero Industrial Raises $10 Million

From: Mercom Capital Group Zero Industrial, a thermal energy storage solution provider, raised $10 million in Series A funding led by Evok Innovations with participation...

April 9, 2025

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Staff

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Finance and M&A

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Other
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Project Finance Brief: Potentia Energy Acquires 1 GW of Renewable Energy Projects

From: Mercom Capital Group Potentia Energy, a renewable energy developer co-owned by Enel Green Power and INPEX, completed the acquisition of controlling stakes in a...

April 9, 2025

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Staff

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Finance and M&A

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Solar
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ACME Solar Secures ₹24.91 Billion Refinancing to Cut Debt Costs

Gurgaon-based ACME Solar Holdings has secured a ₹24.91 billion (~$298.92 million) long-term refinancing facility for 18 to 20 years from the State Bank of India and REC...

April 3, 2025

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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: Apricus Generation Secures $30 Million

From: Mercom Capital Group Apricus Generation, a distributed solar and battery development platform and independent power producer, announced that it has secured a $30...

April 2, 2025

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: REIAs Defend Trading Margins, Seek Resolution with DISCOMs

A ₹0.07 (~$0.0008)/kWh trading margin and the discovered tariff have become a bone of contention between renewable energy implementing agencies (REIAs) and buying...

March 28, 2025

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Mercom Staff

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Daily Wrap-up
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ONGC Approves ₹33 Billion Investment for Ayana Acquisition

ONGC has approved an investment of ₹33 billion (~$384.84 million) in ONGC Green to part-fund the acquisition of a 100% stake in Ayana Renewable Power. The company will...

March 27, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Shriram Finance Secures $150 Million from ADB for EV Financing

Non-banking financial services company Shriram Finance has secured a $150 million loan from the Asian Development Bank (ADB) to enhance access to finance for electric...

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Funding and M&A Roundup: TRENDE Secures $7.2 Million

From: Mercom Capital Group TRENDE, a provider of renewable energy solutions in Japan, announced the completion of a JPY1.07 billion (~$7.2 million) funding round through...

March 26, 2025

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Staff

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Finance and M&A

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Other
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Rooftop Solar Financing Firm Ecofy Secures $12.5 Million Loan from IFU

Green transition-focused non-banking finance company Ecofy Finance has secured a $12.5 million (~₹1.07 billion) long-term loan from Denmark government’s Investment Fund...

March 25, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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KPI Green Secures ₹2.72 Billion Loan for 50 MW Hybrid Power Project

Surat-based renewable energy solutions provider KPI Green Energy has secured a credit facility of ₹2.72 billion (~$31.4 million) to partly finance a 50 MW hybrid power...

March 19, 2025

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Tina Freese

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Finance and M&A

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Solar

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Wind
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Funding and M&A Roundup: Terabase Energy Secures $130 Million

From: Mercom Capital Group Terabase Energy, a digital solutions provider for solar power projects, received $130 million in a Series C funding round led by SoftBank...

March 19, 2025

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Staff

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Finance and M&A

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Solar
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Project Finance Brief: Cypress Creek Secures $133 Million for Energy Storage Project

From: Mercom Capital Group Cypress Creek Renewables, a renewable energy project developer and independent power producer, secured approximately $133 million in...

March 19, 2025

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Staff

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Finance and M&A

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Solar
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SWELECT Raises ₹2.9 Billion Through Private Placement with India Infradebt

Solar power systems company SWELECT Group has secured ₹2.9 billion (~$33.39 million) in funding through non-convertible debentures via a private placement with India...

March 17, 2025

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Arjun Joshi

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Finance and M&A

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Solar
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Amrut Energy Raises ₹1 Billion to Expand Solar Water Pump Manufacturing

Ahmedabad-based Amrut Energy, a solar water pumps manufacturer and renewable energy solutions provider, has secured ₹1 billion (~$11.49 million) in funding from private...

March 13, 2025

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Staff

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Finance and M&A

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Solar

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