The Indian Railway Finance Corporation (IRFC), the dedicated funding arm of the Indian Railways, has disbursed a ₹10 billion (~$108.05 million) term loan to Maharashtra State Power Generation Company (MAHAGENCO). MAHAGENCO will use the funding to...

WorkOnGrid, an AI-native operations intelligence platform for power, water and gas utilities, has raised ₹225 million (~$2.43 million) in a funding round led by Transition VC. The funding round also saw participation from the Indian Angel Network....

The Karnataka Electricity Regulatory Commission (KERC) has issued draft regulations to govern the grant of transmission licenses for intrastate projects awarded through competitive bidding, laying down a detailed framework covering licensing...

The Ministry of Finance has permitted the use of insurance surety bonds as an alternative to bank guarantees for both bid and performance security under the standard bidding guidelines for power projects. These projects include solar, wind, hybrid,...

From: Mercom Capital Group EnerVenue Holdings, a company that develops metal-hydrogen batteries, announced the closing of a $300 million extension of its Series B preferred stock financing round. The funding will help accelerate the company’s...

Adani Green Energy, NTPC Green Energy, SJVN Green Energy, Megha Engineering and Infrastructure, and Gentari Renewables emerged as the top utility-scale solar project developers in India for 2025, according to Mercom’s India Solar Market Leaderboard...

From: Mercom Capital Group Dimension Energy, a community solar developer, owner, and operator, secured $650 million in construction and term financing to support a portfolio of 25 community solar projects with a combined capacity of 132 MW in...

NTPC Renewable Energy (NTPC REL) has invited bids for the engineering, procurement, and construction (EPC) of 900 MW (3 X 300 MW) solar projects at Mandsaur, Madhya Pradesh. The last day to submit the bids is May 8, 2026. Bids will be opened on the...

Aroma Solar, the renewable energy subsidiary of agricultural exporter Aroma Agrotech, has commenced operations at its 1.2 GW solar module manufacturing facility in Karnal, Haryana. The facility has begun producing TOPCon solar modules in the 620 W...

Mumbai-headquartered renewable energy solutions provider Clean Max Enviro Energy Solutions (CleanMax) has commissioned a 185 MW wind-solar hybrid power project in Kalavad, Gujarat. The project will supply renewable energy to 17 corporate customers,...