funding

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Funding and M&A Roundup: Exowatt Closes $70 Million Series A Funding

From: Mercom Capital Group Exowatt, a provider of thermal energy storage solutions, secured $70 million in a Series A funding round led by Felicis, a venture capital...

April 30, 2025

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Staff

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Finance and M&A

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Other
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ALTÉRRA to Invest $100 Million in Evren

Private climate investment vehicle ALTÉRRA will invest $100 million (~₹8.52 billion) in the India-based renewable energy company Evren. The funds will be utilized to...

April 29, 2025

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Melvin Mathew

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Finance and M&A

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Open Access

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Solar
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Funding and M&A Roundup: Solar Energy Startup Arnergy Raises $15 Million

From: Mercom Capital Group Arnergy, a provider of distributed solar energy solutions, has raised $15 million as an extension of its Series B round, adding to the $3...

April 23, 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: CEA Approves DPRs of 7.5 GW Pumped Storage Projects

The Central Electricity Authority (CEA) greenlighted Detailed Project Reports (DPRs) of six pumped hydro storage projects (PSPs) with a total capacity of 7.5 GW. The...

April 16, 2025

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Mercom Staff

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Daily Wrap-up
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Funding and M&A Roundup: Base Power Raises $200 Million

From: Mercom Capital Group Base Power, a distributed energy storage solutions provider, secured $200 million in a Series B funding round. Addition, a16z, Lightspeed, and...

April 16, 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 Secures Financing for 80 MW Solar and Storage Project

From: Mercom Capital Group Octopus Australia, a renewable energy project developer and fund manager, has reached financial close on the 80 MW Fulham Solar Project and...

April 16, 2025

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Staff

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Finance and M&A

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Solar
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Jupiter Secures ₹5 Billion for Solar Cell and Module Manufacturing Expansion

Kolkata-based solar cell manufacturer and solar solutions provider Jupiter International has secured a ₹5 billion (~$58.07 million) investment from ValueQuest SCALE Fund....

April 15, 2025

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Melvin Mathew

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Finance and M&A

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Modules

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Solar
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Funding and M&A Roundup: Zero Industrial Raises $10 Million

From: Mercom Capital Group Zero Industrial, a thermal energy storage solution provider, raised $10 million in Series A funding led by Evok Innovations with participation...

April 9, 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: Potentia Energy Acquires 1 GW of Renewable Energy Projects

From: Mercom Capital Group Potentia Energy, a renewable energy developer co-owned by Enel Green Power and INPEX, completed the acquisition of controlling stakes in a...

April 9, 2025

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Staff

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Finance and M&A

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Solar
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ACME Solar Secures ₹24.91 Billion Refinancing to Cut Debt Costs

Gurgaon-based ACME Solar Holdings has secured a ₹24.91 billion (~$298.92 million) long-term refinancing facility for 18 to 20 years from the State Bank of India and REC...

April 3, 2025

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Staff

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Finance and M&A

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Solar
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Funding and M&A Roundup: Apricus Generation Secures $30 Million

From: Mercom Capital Group Apricus Generation, a distributed solar and battery development platform and independent power producer, announced that it has secured a $30...

April 2, 2025

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: REIAs Defend Trading Margins, Seek Resolution with DISCOMs

A ₹0.07 (~$0.0008)/kWh trading margin and the discovered tariff have become a bone of contention between renewable energy implementing agencies (REIAs) and buying...

March 28, 2025

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Mercom Staff

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Daily Wrap-up
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ONGC Approves ₹33 Billion Investment for Ayana Acquisition

ONGC has approved an investment of ₹33 billion (~$384.84 million) in ONGC Green to part-fund the acquisition of a 100% stake in Ayana Renewable Power. The company will...

March 27, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Shriram Finance Secures $150 Million from ADB for EV Financing

Non-banking financial services company Shriram Finance has secured a $150 million loan from the Asian Development Bank (ADB) to enhance access to finance for electric...

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Funding and M&A Roundup: TRENDE Secures $7.2 Million

From: Mercom Capital Group TRENDE, a provider of renewable energy solutions in Japan, announced the completion of a JPY1.07 billion (~$7.2 million) funding round through...

March 26, 2025

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Staff

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Finance and M&A

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Other

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