financing

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Apraava Gets ₹8 Billion from BII, Standard Chartered to Expand Smart Metering

Solar solutions provider Apraava Energy has secured ₹8.01 billion (~₹92 million) from impact investor British International Investment (BII) and Standard Chartered to...

December 3, 2025

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Parth Shukla

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Finance and M&A

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Grid
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Banks Roll Out Low-Cost, Faster Green Loans to Drive C&I Solar Adoption

Lending institutions are reporting a sharp rise in demand for clean-energy financing from India’s commercial and industrial (C&I) sector, as companies ramp up...

November 27, 2025

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Meghana Prasad

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C&I

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Solar
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NTPC Green Energy Issues Debentures Worth ₹15 Billion

NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, has issued unsecured non-convertible debentures of ₹15 billion (~$169.47 million) through private placement...

November 11, 2025

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Parth Shukla

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Finance and M&A

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Other
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Spain Expands Grants for Energy Storage Projects to €840 Million

Spain’s EPE Institute for Energy Diversification and Saving (IDAE) has approved the expansion of the budget allocation for non-repayable grants to support 2,416.54 MW of...

October 31, 2025

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Staff

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Energy Storage

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Market & Policy
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Daily News Wrap-Up: SECI Announces 2 GW Solar Plus Storage Auction Winners

Eleven companies won Solar Energy Corporation of India’s (SECI) Tranche XX auction to set up 2,000 MW interstate transmission system (ISTS)-connected solar projects,...

October 17, 2025

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Mercom Staff

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Daily Wrap-up
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Daily New Wrap-Up: POWERGRID Wins RECPDCL’s 765 kV ISTS Auction

Power Grid Corporation of India (POWERGRID) received a letter of intent from REC Power Development and Consultancy (RECPDCL) to establish a 765 kV interstate...

October 3, 2025

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Mercom Staff

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Daily Wrap-up
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Financing Push for C&I Solar Projects Gains Momentum

Commercial and industrial (C&I) solar continues to be one of the fastest-growing segments in India’s renewable energy market. With increasing pressure on businesses...

October 1, 2025

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Staff

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C&I

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Solar
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KPI Green Secures ₹32 Billion Loan from SBI for 1 GW Renewable Energy Projects

Surat-based renewable energy solutions provider KPI Green Energy has secured approval from State Bank of India for a ₹32 billion (~$360.77 million) loan for its solar...

September 25, 2025

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Arjun Joshi

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Finance and M&A

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Solar
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IREDA Approves ₹11.34 Billion Loan to Insolation Green Energy

The Indian Renewable Energy Development Agency (IREDA) has approved a loan of ₹11.34 billion (~$129 million) to Insolation Green Energy, a wholly owned subsidiary of INA...

September 18, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Financing Options for Rooftop and Open Access Solar Projects

Commercial and industrial (C&I) consumers are increasingly evaluating rooftop solar and open access power purchase agreements as cost-effective solutions for...

September 16, 2025

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Staff

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C&I

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Solar
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KPI Green to Raise ₹6.7 Billion Through Green Bonds Issue

Surat-based renewable energy solutions provider KPI Green Energy’s board of directors has approved the issuance of ₹6.7 billion (~$76.05 million) in secured, listed,...

September 3, 2025

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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ACME Solar Holdings Plans ₹30 Billion Fundraise in Multiple Tranches

ACME Solar Holdings’ board of directors has approved a plan to raise ₹30 billion (~$342.23 million) in one or more tranches by issuing equity shares or other...

August 28, 2025

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Arjun Joshi

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Finance and M&A

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Solar
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Union Government Must Fund States to Meet India’s 2030 Clean Energy Target

If India must install 500 GW of non-fossil fuel-based energy capacity by 2030, the states would require a cumulative grant of ₹140.64 billion (~$1.6 billion) every year...

August 22, 2025

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B.S. Nagaraj

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Markets & Policy

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Renewable Energy
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Juniper Green Energy Secures ₹17 Billion Debt Financing from IREDA

Independent renewable energy producer, Juniper Green Energy, has secured ₹17.39 billion (~$198.4 million) in debt financing from the Indian Renewable Energy Development...

August 13, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Daily News Wrap-Up: MNRE Issues ALMM List-II with 13 GW Capacity

The Ministry of New and Renewable Energy (MNRE) issued the first Approved List of Models and Manufacturers (ALMM) List-II for solar cells, enlisting nine domestic...

August 4, 2025

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Mercom Staff

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Daily Wrap-up

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