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Daily News Wrap-Up: Solar Helps Textile and Ceramic Firms Save ₹152 Million Yearly

Taking the green route, four companies from the textile and ceramic industries have cumulatively saved ₹152.26 million (~$1.7 million) since 2024 by procuring power from...

June 18, 2025

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Mercom Staff

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Daily Wrap-up
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Higher Solar Module Sales Propel ReNew’s Net Profit Up 415% in Q4 FY 2025

Decarbonization solutions company ReNew has reported a 415% year-over-year (YoY) increase in net profit to ₹3.14 billion (~$36.48 million) in the fourth quarter (Q4) of...

June 17, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Month In a Minute: Top Headlines from the Indian Renewable Sector in May 2025

India added 6.7 GW of solar capacity in the first quarter of 2025, according to Mercom India’s latest Q1 2025 India Solar Market Update Report. The numbers reflect a 25%...

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Adani Green, ReNew, and ACME Solar: Top Utility-Scale Solar Developers in 2024

Adani Green Energy, ReNew, ACME Solar, NTPC Renewable Energy, and O2 Power emerged as the top utility-scale solar project developers in India for 2024, according to...

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Daily News Wrap-Up: Intervention Needed as DCR Module Shortage Slows PM Surya Ghar

When the PM Surya Ghar Muft Bijli Yojana was launched, it carried a bold promise. The goal was to help 10 million Indian households become prosumers through rooftop...

May 19, 2025

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Mercom Staff

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Daily Wrap-up
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ReNew to Set Up 2.8 GW Hybrid Renewable Energy Project in Andhra Pradesh

ReNew Energy Global (ReNew), a decarbonization solutions company, has announced it will invest approximately ₹220 billion (~$2.5 billion) to set up a hybrid renewable...

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ReNew Secures ₹8.7 Billion from British International Investment

Independent power producer ReNew Energy Global has secured an investment of ₹8.7 billion (~$100 million) from British International Investment (BII), a UK-based...

May 6, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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NTPC REL, ReNew, Fastnote, Adani Win UPPCL’s 2 GW Solar Auction

NTPC Renewable Energy, ReNew Solar Power, Fastnote Biofuels (Hindustan Power), and Adani Renewable Energy Holding Twelve were declared winners in Uttar Pradesh Power...

March 28, 2025

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Arjun Joshi

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Solar

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Tenders & Auctions
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Daily News Wrap-Up: SECI’s 1,000 MW ISTS Solar Auction Results

ReNew Solar Power (ReNew), ACME Solar Holdings (ACME Solar) and Adani Renewable Energy Holdings Twelve (Adani Green Energy) have won Solar Energy Corporation of India’s...

December 25, 2024

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Mercom Staff

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Daily Wrap-up
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ReNew, ACME and Adani Win SECI’s 1,000 MW ISTS Solar Power Auction

ReNew Solar Power (ReNew), ACME Solar Holdings (ACME Solar) and Adani Renewable Energy Holdings Twelve (Adani Green Energy) have won Solar Energy Corporation of India’s...

December 24, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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ReNew to Sell 300 MW Solar Project to Anzen India for $176 Million

Independent renewable power producer ReNew Energy has entered into a definitive agreement to sell its subsidiary, ReNew Sun Waves, which operates a 300 MW solar project...

December 24, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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India’s Top Five Solar Energy Funding Deals in 2024 [Infographics]

According to Mercom’s Q3 2024 India Solar Market Update report, the top five funding deals in India’s solar sector in 2024 saw a 42.85% year-over-year increase, securing...

December 23, 2024

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Melvin Mathew

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Finance and M&A

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Mercom Research Focus

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Solar
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ReNew’s Revenue, Profit Up in Q2 FY25 as Commissioned Renewable Capacity Grows

Independent renewable energy producer ReNew Power reported revenue of ₹29.9 billion ($357 million) during the second quarter (Q2) of the financial year (FY) 2025, a 4.4%...

November 20, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: India Reaches 1 GW Rooftop Solar Capacity in 1H 2024

India added 1.1 GW of rooftop solar capacity in the first half (1H) of calendar year 2024, the highest half-yearly installations to date, according to Mercom India’s...

August 30, 2024

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Mercom Staff

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Daily Wrap-up
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BluSmart Raises ₹2 Billion to Expand EV Charging Network

Electric vehicle (EV) ride-hailing service and charging network firm BluSmart has raised ₹2 billion ($24 million) in a pre-series B funding round. Along with existing...

July 16, 2024

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Namratha A Rai

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Electric Vehicles

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