funding

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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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Funding and M&A Roundup: Lunar Energy Secures $232 Million

From: Mercom Capital Group Lunar Energy, a provider of integrated home battery systems and Virtual Power Plant (VPP) software, has raised $102 million in an...

February 11, 2026

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Staff

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Finance and M&A

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Other
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Adani Energy Receives Financing for ±800 kV HVDC Transmission Project

Adani Energy Solutions (AESL) has secured long-term financing from a consortium of Japanese banks, led by MUFG Bank and Sumitomo Mitsui Banking Corporation, for its ±800...

February 10, 2026

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Parth Shukla

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Finance and M&A

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Grid
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Radiance Renewables Raises $100 Million from Danish Fund, FMO

Mumbai-based Radiance Renewables, a clean energy firm backed by Eversource Capital, has raised about $100 million in equity funding from two major international...

February 9, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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E-Bus Services Provider Drivn Gets $80 Million Boost from Nomura

Gurugram-based commercial electric mobility services provider Drivn has received a commitment of up to $80 million in funding from financial services company Nomura....

February 5, 2026

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Parth Shukla

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Electric Vehicles

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Finance and M&A

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3

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