Gurugram-based independent power producer ACME Solar Holdings reported a revenue of ₹8.58 billion (~$90.8 million) in the first quarter (Q1) of the financial year (FY) 2027, up 67.8% year-over-year (YoY) from ₹5.11 billion (~$54.1 million). Revenue...

Renewable energy company Avaada Group has secured approximately $1.3 billion in financial closure for its 2.15 GW renewable energy portfolio. The financing was approved by financial institutions such as the State Bank of India, REC, and Canara Bank,...

The Appellate Tribunal for Electricity (APTEL) has upheld the encashment of performance guarantees by the Tamil Nadu Generation and Distribution Company (TANGEDCO) due to delays by a solar developer in commissioning a 1.5 GW project. However, it...

The Rajasthan Renewable Energy Corporation (RRECL) has invited bids to commission public electric vehicle (EV) charging infrastructure across 236 locations in the state. The chargers are being installed under the PM E-DRIVE program. The last day to...

On the sidelines of the Mercom India Renewables Summit 2026, Mercom India spoke with Khalid Nadeem, Chief Operating Officer at SAEL, about the growing role of battery and pumped storage, the Approved List of Models and Manufacturers (ALMM) List-II...

EDP Renewables (EDPR), a renewable energy power producer, has agreed to sell an 80% common equity stake in a 384 MW solar and battery storage portfolio in California to an Ares Infrastructure Equity fund. The portfolio includes 200 MW of solar...

Hubballi Electricity Supply Company (HESCOM) has invited bids to develop 303.5 MW of distributed solar projects to solarize agricultural feeders under Karnataka’s Chief Minister’s Solar Krushi Yojana (CM-SKY). The last date to submit bids is...

Bhopal Municipal Corporation (BMC) has issued a tender to set up grid-connected rooftop solar projects with an aggregate capacity of 2 MW across 304 locations. The individual capacities of the projects will range from 2 kW to 50 kW. The last date to...

The Ministry of New and Renewable Energy (MNRE) has withdrawn transitional relief for certain solar projects that were unable to comply with the Approved List of Models and Manufacturers (ALMM) List-I requirement due to commissioning delays beyond...