Funding

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Funding and M&A Roundup: Stardust Power Secures $15 Million

From: Mercom Capital Group Stardust Power, a U.S.-based developer of battery-grade lithium carbonate, has signed a securities purchase agreement with a single...

December 31, 2025

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Staff

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Finance and M&A

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Other
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Project Finance Brief: Octopus Renewables to Sell Stakes in Solar and Wind Projects

From: Mercom Capital Group Octopus Renewables Infrastructure Trust, the diversified renewables infrastructure company, announced the signing of agreements to sell a 49%...

December 31, 2025

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Staff

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Finance and M&A

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Solar
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EV Motors Firm Naxatra Labs Raises $3 Million in Pre-Series A Funding

Naxatra Labs, a manufacturer of motors and controllers for electric vehicles (EVs), has raised $3 million in a Pre-Series A funding round led by Rainmatter by Zerodha....

December 26, 2025

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Meghana Prasad

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Electric Vehicles

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Market & Policy
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Daily News Wrap-Up: Power Ministry Sets 20% Local Content for BESS VGF

The Ministry of Power directed states and procuring entities to ensure a minimum of 20% local content in the procurement of battery energy storage system projects being...

December 26, 2025

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Mercom Staff

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Daily Wrap-up

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Other
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India’s Top Five Solar Energy Funding Deals in 2025 [Infographics]

Here are the top five funding deals in the solar sector in India during 2025, according to Mercom’s Q3 2025 India Solar Market report: In the top funding deal,...

December 24, 2025

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Meghana Prasad

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Finance and M&A

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Mercom Research Focus

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Solar
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Funding and M&A Roundup: Alphabet to Acquire Intersect for $4.7 Billion

From: Mercom Capital Group Alphabet, the parent company of Google, entered into a definitive agreement to acquire Intersect, a data center and energy infrastructure...

December 24, 2025

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Staff

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Solar
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Project Finance Brief: Grenergy Secures $116 Million Financing for 172 MW Solar Project

From: Mercom Capital Group Grenergy, a renewable energy company, secured €98.8 million (~$116.26 million) senior non-recourse financing for the 172 MW Ayora solar...

December 24, 2025

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Staff

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Finance and M&A

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Solar
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Daily News Wrap-Up: 82 Companies Win MPUVNL’s 4.3 GW Solar Auction

Dilip Buildcon, Sunbridge Solar Power, Landsmill Industries, Purshotam Profiles, Ceigall India, and 77 other companies won 4.01 GW out of Madhya Pradesh Urja Vikas Nigam...

December 23, 2025

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: KERC Plans to End Cross-Subsidy, Surcharge by FY 2029

The Karnataka Electricity Regulatory Commission (KERC) issued the draft Karnataka Electricity Regulatory Commission (Roadmap for Reducing Cross-Subsidy and Cross-Subsidy...

December 22, 2025

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Mercom Staff

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Daily Wrap-up
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Telangana Issues Modalities for Formation of Third DISCOM

The Telangana government has issued the modalities for the creation of the third distribution company (DISCOM), which will be operational from April 1, 2026. In November...

December 22, 2025

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Melvin Mathew

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Grid

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Market & Policy
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Alpex Solar to Raise ₹1.25 Billion Through Issue of Debentures

Module manufacturer Alpex Solar’s board of directors has approved raising ₹1.25 billion (~$13.8 million) through the issuance of secured, redeemable, unlisted, unrated,...

December 19, 2025

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Melvin Mathew

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Finance and M&A

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Manufacturing

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Modules

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Solar
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Daily News Wrap-Up: India Secures ₹7.16 Trillion in Green Energy Funding

Over the last five financial years, public sector banks, government-owned/controlled financial institutions, and foreign direct investments have cumulatively invested...

December 19, 2025

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Mercom Staff

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Daily Wrap-up

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Other
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India Attracts ₹7.16 Trillion in Clean Energy Investments Since FY 2021

Over the last five financial years, public sector banks, government-owned/controlled financial institutions, and foreign direct investments have cumulatively invested...

December 18, 2025

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Melvin Mathew

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Finance and M&A

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Renewable Energy

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Solar
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ACME Solar Secures ₹47.2 Billion Financing for Renewable Energy Projects

ACME Solar Holdings has secured a debt tie-up of ₹47.2 billion (~$519.2 million) from Indian financial institutions to fund the construction of renewable energy projects...

December 18, 2025

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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: Sun King Secures $40 Million

From: Mercom Capital Group Sun King, an off-grid solar energy company, raised $40 million in equity financing from Lightrock, a global sustainable investment platform....

December 17, 2025

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Staff

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Finance and M&A

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Other

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