Climate Fintech Company Cloover Raises $1.2 Billion in Debt, Equity

Data Center Firm Nxtra Increases Renewable Energy Use by 14.5% in FY 2025

Government to Infuse ₹50 Billion Equity Into SIDBI

Premier Energies Commissions 400 MW Solar Cell Manufacturing Line in Telangana

Gujarat Regulator Revises Commissioning Timelines for Renewable Energy Projects

GWEC: Asia-Pacific to Lead as Global Wind Capacity Heads Toward 2 TW by 2030

Daily News Wrap-Up: Global Corporate Solar Funding Fell 16% YoY in 2025

Solar Tender and Auction Activity Slumps in 2025

Antimony Chalcogenide Solar Cell Efficiency Hits a New High of 10.7%

C&I Power Procurement Shifts to Open Access and Rooftop Solar Amid Rising Tariffs


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					</table><p>The total global corporate solar funding <a href="https://mercomindia.com/corporate-solar-funding-down-16-yoy-in-2025-deal-count-rises-ma-robust" target="_blank" rel="noopener">dropped</a> by 16% year-over-year (YoY) with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual and Q4 Solar Funding and M&amp;A Report. Global venture capital and private equity funding in the solar sector totaled $3.5 billion across 75 deals in 2025, 22% lower than the $4.5 billion raised in 60 deals in the previous year.</p>
<p>The Uttar Pradesh Electricity Regulatory Commission (UPERC) <a href="https://mercomindia.com/uttar-pradesh-commission-adopts-tariff-for-a-1500-mwh-bess-project" target="_blank" rel="noopener">adopted</a> a tariff determined through competitive bidding for a 375 MW/1,500 MWh standalone Battery Energy Storage System (BESS) to be set up in Uttar Pradesh under the Viability Gap Funding program.</p>
<p>India <a href="https://www.mercomindia.com/india-records-highest-ever-wind-capacity-additions-at-6-3-gw-in-2025" target="_blank" rel="noopener">added</a> 6.3 GW of wind power capacity in 2025, an 85.2% YoY increase from 3.4 GW in 2024, according to Mercom India Research. The additions marked the highest annual wind installations recorded in the country. India’s wind power market improved in 2025, supported by higher tender activity, stronger bidder participation, and more competitive tariffs.</p>
<p>Tamil Nadu’s Energy Department <a href="https://www.mercomindia.com/tamil-nadu-tweaks-wind-policy-to-ease-repowering-and-life-extension-norms" target="_blank" rel="noopener">amended</a> key provisions of its Repowering, Refurbishment, and Life Extension Policy for Wind Power Projects, which was issued in 2024. The revised clauses introduce greater flexibility in eligibility timelines, performance benchmarks, cost structures, certification requirements, and operational norms, with the objective of making repowering and life extension of ageing wind projects more viable in the state.</p>
<p>Despite regulatory <a href="https://mercomindia.com/solar-projects-in-maharashtra-offer-3-4-year-payback-despite-regulatory-shifts" target="_blank" rel="noopener">shifts</a> in Maharashtra, solar projects in the state remain financially attractive, with industry experts noting payback periods of 3 to 4 years and returns that significantly outperform traditional investments. Among various solar deployment models, rooftop solar projects typically require lower capital expenditure and can deliver attractive economics for commercial and industrial (C&amp;I) consumers with unused rooftop space.</p>
<p>Power Grid Corporation of India (POWERGRID) <a href="https://mercomindia.com/powergrid-invites-bids-to-select-partner-for-1-5-gwh-bess-in-tamil-nadu" target="_blank" rel="noopener">invited</a> bids to set up 375 MW/1,500 MWh standalone BESS in seven locations in Tamil Nadu. The last date to submit bids is January 28, 2026. Bids will be opened on the same day. Last year, the Tamil Nadu Green Energy Corporation had invited bids to set up seven standalone BESS with a total capacity of 375 MW/1,500 MWh.</p>
<p>Pune-based CIE Automotive India will <a href="https://www.mercomindia.com/cie-india-to-procure-power-from-two-captive-solar-projects-of-8-3-mw" target="_blank" rel="noopener">procure</a> power from two captive solar projects with a cumulative capacity of 8.3 MW being developed by AMPIN Energy in Maharashtra for its manufacturing facilities at Chhatrapati Sambhaji Nagar and Pune. The projects are being set up through special-purpose vehicles, AMPIN Energy C&amp;I Thirty One and AMPIN Energy C&amp;I Thirty Two.</p>
<p>Energy storage solutions company GoodEnough Energy <a href="https://www.mercomindia.com/goodenough-commissions-7-gwh-of-bess-manufacturing-capacity-in-uttar-pradesh" target="_blank" rel="noopener">commissioned</a> an initial 7 GWh capacity of its BESS manufacturing gigafactory in Noida, Uttar Pradesh. The company has invested more than ₹4.5 billion (~$49.07 million) in the facility and plans to expand its manufacturing capacity to 25 GWh within three years.</p>
<p>Eversource Capital’s green mobility arm, GreenCell Mobility, <a href="https://www.mercomindia.com/greencell-mobility-secures-89-million-funding-led-by-bii-ifc-and-tata-capital" target="_blank" rel="noopener">raised</a> $89 million in a mezzanine financing round led by British International Investment, IFC, and Tata Capital to accelerate the deployment of zero-emission public transport in India. The Mumbai-based company operates a manufacturer-agnostic electric bus platform, with over 1,200 e-buses and 270+ charging stations serving both intracity and intercity routes.</p>
<p>Solar module manufacturer Waaree Energies’ revenue from operations for the third quarter (Q3) of FY 2026 <a href="https://www.mercomindia.com/higher-solar-module-sales-boost-waaree-energies-revenue-in-q3-fy-2026" target="_blank" rel="noopener">rose</a> 118.8% YoY to ₹75.65 billion (~$826.77 million) from ₹34.57 billion (~$377.84 million). The company attributed the revenue increase to strong module sales. Its module sales rose 124.9% YoY to ₹69.9 billion (~$763.92 million) from ₹31.08 billion (~$339.71 million).</p>
<p>Finnish development financier and impact investor Finnfund <a href="https://www.mercomindia.com/finnfund-announces-27-million-to-boost-electric-mobility-in-india#:~:text=The%20investments%20include%20a%20%2415,focused%20on%20financing%20sustainable%20assets." target="_blank" rel="noopener">announced</a> two investments totaling $27 million in India, aimed at accelerating the deployment of electric mobility and expanding access to green finance. The investments include a $15 million equity investment in Transvolt Mobility, an Indian electric heavy commercial vehicle company, and a $12 million senior secured loan facility to Mufin Green Finance, a non-banking financial company focused on financing sustainable assets.</p>
<p>The global energy storage market <a href="https://www.mercomindia.com/us-energy-storage-hits-new-q1-record-with-over-2-gw-installed-report" target="_blank" rel="noopener">grew</a> 43% YoY in 2025, adding 106 GW of new capacity worldwide, a significant increase from 73 GW in 2024, according to Wood Mackenzie. The cumulative energy storage installations stood at 270 GW/630 GWh by the end of 2025. The energy storage market is projected to reach 1,545 GW by 2034. China led global energy storage deployments in 2025, accounting for 54% of worldwide installations.</p>
<p>Germany <a href="https://www.mercomindia.com/germany-adds-16-4-gw-of-solar-capacity-in-2025-setting-a-new-record#:~:text=Germany%20added%2016.4%20GW%20of,solar%20capacity%20to%20117%20GW." target="_blank" rel="noopener">added</a> 16.4 GW of solar capacity in 2025, up 1.2% YoY and setting a new record, according to data from the Federal Network Agency (Bundesnetzagentur). The country added 16.2 GW of solar capacity in 2024. Recent solar additions increased Germany’s cumulative solar capacity to 117 GW.</p>
<p>Utility-scale solar is the fastest-growing energy source in the U.S., with an expected <a href="https://www.mercomindia.com/solar-and-wind-to-account-for-21-of-u-s-power-generation-by-2027-eia" target="_blank" rel="noopener">increase</a> to 424 billion kWh by 2027, up from 290 billion kWh in 2025, according to the U.S. Energy Information Administration’s Short-Term Energy Outlook report. The U.S. electric power generation reached 4,620 billion kWh in 2025, and is projected to grow by 1.1% in 2026 and 2.6% in 2027, reaching an annual total of 4,423 billion kWh. Natural gas, coal, and nuclear energy accounted for 75% of electricity generation in 2025.</p>


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