Archive

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MENA Weekly Round-Up: UAE Targets 18 GW Renewable Energy Projects by 2030

The UAE is developing 17,980 MW of renewable energy capacity across 14 projects scheduled to come online by 2030, according to EICDataStream. The country also has 12,947...

October 7, 2026

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Melvin Mathew

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Renewable Energy

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Wind
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RBI Rate Hike May Increase Renewable Energy Financing Costs

The Reserve Bank of India’s (RBI) decision to raise the repo rate by 25 basis points has raised concerns among renewable energy developers over higher financing costs...

October 7, 2026

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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Terra Clean Floats Land Aggregation Tender for Solar Project in Gujarat

Terra Clean (TeCL), a wholly owned subsidiary of Indian Oil Corporation (IndianOil), has invited bids to aggregate land for a solar project in Gujarat. The project...

October 7, 2026

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Melvin Mathew

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Solar

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Tenders & Auctions
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MERC Lets Parties Decide Commissioning Date for 730 MW Solar Projects

The Maharashtra Electricity Regulatory Commission (MERC), in a recent judgment, left it to the solar developer and the Maharashtra State Electricity Distribution Company...

October 7, 2026

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Rakesh Ranjan

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Markets & Policy

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Solar
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GERC Upholds 15% Supervision Charges on 1 MW Solar Project

The Gujarat Electricity Regulatory Commission (GERC) has dismissed a petition challenging the levy of 15% supervision charges and a ₹100,000 (~$1,033) connectivity fee...

October 7, 2026

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Parth Shukla

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Markets & Policy

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Solar
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EV Charging Software Company Ionage Raises $1.3 Million

Ionage, an artificial intelligence-based charging and energy management platform for electric vehicles (EVs), has raised $1.3 million in pre-series A funding. The...

October 7, 2026

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Staff

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EV

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Finance and M&A
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SECI Invites Bids for Rooftop Solar Projects in New Delhi

The Solar Energy Corporation of India (SECI) has invited bids to select developers to set up grid-connected rooftop solar power projects on New Delhi Municipal Council...

October 7, 2026

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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JSERC Allows Coal Miner to Connect 1.88 MW Rooftop Solar Project at 11 kV

The Jharkhand State Electricity Regulatory Commission (JSERC) has allowed a coal mining company to inject power from its 1.882 MW rooftop solar project at Belgaria...

October 7, 2026

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Melvin Mathew

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Markets & Policy

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Solar
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Himachal Pradesh Tenders Power Supply Works for Green Hydrogen Project

The Himachal Pradesh State Electricity Board (HPSEBL) has invited bids to provide electrical infrastructure and power supply for a green hydrogen plant being developed...

October 7, 2026

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Rakesh Ranjan

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Renewable Energy

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Tenders and Auctions
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Daily News Wrap-Up: Shorter Battery PPAs Gain Favor, Bankability Still Key

As India’s energy storage market matures, battery energy storage developers say power purchase agreement (PPA) tenures need greater flexibility than the customary...

October 7, 2026

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Mercom Staff

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Daily Wrap-up
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Project Finance Brief: Rezolv Energy Secures $637 Million for Solar Project

From: Mercom Capital Group Rezolv Energy, an Actis-backed independent renewable energy producer, has signed a financing package of up to €561 million ($637 million) for...

October 7, 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: MaxSolar Secures $176 Million from CIP

From: Mercom Capital Group MaxSolar, a German-based solar and storage project developer, has secured €155 million (~$176 million) in HoldCo debt financing from funds...

October 7, 2026

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Staff

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Finance and M&A

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Other
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C&I Units Will Drive Next Phase of Lucknow’s Rooftop Solar Growth

Lucknow, the capital of Uttar Pradesh, is a key business hub in the state, offering strong potential for clean energy market growth. With an established reputation as a...

October 7, 2026

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Melvin Mathew

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Rooftop

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Solar
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Vishakha Renewables Files Draft Papers for ₹12.5 Billion IPO

Solar component manufacturer Vishakha Renewables has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public...

October 6, 2026

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Melvin Mathew

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Finance and M&A

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Manufacturing

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Solar
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Chhattisgarh Regulator Adopts Tariff for 500 MWh Battery Storage Project

The Chhattisgarh State Electricity Regulatory Commission (CSERC) adopted a tariff of ₹2.98 (~$0.031)/kWh, determined through competitive bidding, for a 125 MW/500 MWh...

October 6, 2026

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Arjun Joshi

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Energy Storage

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Market & Policy

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