funds

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PFC Secures €150 Million Loan from KfW for Power Distribution Program

Power Finance Corporation (PFC) has signed a loan agreement for €150 million (~$175.13 million) with KfW Development Bank, a German state-owned investment and...

August 28, 2025

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Melvin Mathew

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Finance and M&A

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T&D
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CleanMax Files Draft Papers for ₹52 Billion Initial Public Offering

Clean energy solutions provider CleanMax has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise ₹ 52 billion (~$595.09...

August 19, 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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POWERGRID to Raise ₹50 Billion via Private Placement of Bonds

Government-owned transmission utility, Power Grid Corporation of India (POWERGRID), has received approval to raise up to ₹50 billion (~$569.3 million) via private...

August 6, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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REC Raises ₹50 Billion Through Five and Ten-Year Bonds

REC, a state-owned infrastructure finance company, has raised ₹50 billion (~$586 million) through the issuance of bonds. The offering included ₹30 billion (~$352...

April 29, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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IREDA Secures $172 Million ECB Facility from SBI Tokyo

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has signed a loan facility with the State Bank of India Tokyo to raise JPY26 billion (~$172...

March 28, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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BluPine Energy Secures ₹17.87 Billion from NaBFID for Renewables Expansion

Gurugram-based renewable energy services company BluPine Energy has secured ₹17.87 billion (~$210 million) in structured financing from the National Bank for Financing...

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Gensol Engineering to Raise ₹6 Billion Via Bonds and Promoter Warrants

Renewable energy engineering, procurement and construction company Gensol Engineering has decided to raise ₹6 billion (~$68.9 million) by issuing ₹4 billion (~$45.9...

March 13, 2025

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Tina Freese

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Press Releases

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Renewable Energy
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Daily News Wrap-Up: GEDA Issues Guidelines for Off-Grid Renewable Power Projects

The Gujarat Energy Development Agency issued detailed procedures, guidelines, and terms for establishing off-grid solar, wind, and wind-solar hybrid power projects. The...

January 29, 2025

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Mercom Staff

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Daily Wrap-up
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Continuum Green Energy Files Draft Papers for ₹36.5 Billion IPO

Green power producer Continuum Green Energy has filed the draft red herring prospectus (DRHP) to raise over ₹36.5 billion (~$430.10 million) through an initial public...

December 11, 2024

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Tina Freese

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Finance and M&A

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Press Releases
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SECI Invites Bids for ₹10 Billion Short-Term Working Capital Credit Facility

The Solar Energy Corporation of India (SECI) has invited quotations for a short-term working capital credit facility of up to ₹10 billion (~$118.23 million) to help it...

December 2, 2024

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Melvin Mathew

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Markets & Policy

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Renewable Energy

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Solar

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Wind
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Battery Manufacturer Northvolt Files for Bankruptcy Protection in the US

Sweden-headquartered battery developer and manufacturer Northvolt AB has filed for bankruptcy protection in the U.S. The company will seek to restructure under Chapter...

November 25, 2024

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Tina Freese

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Energy Storage

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Renewable Energy
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Inox Wind Secures ₹22 Billion Financing from ICICI Bank-led Consortium

Inox Wind Energy has signed an agreement with a consortium of banks led by ICICI Bank for a financing facility of ₹22 billion (~$263.54 million). The consortium...

September 23, 2024

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Staff

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Finance and M&A

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Wind
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IREDA Raises ₹15 Billion via Bonds, Issue Oversubscribed 2.65 Times

The Indian Renewable Energy Development Agency (IREDA) has raised ₹15 billion (~$179.5 million) through bonds, reflecting strong investor confidence in India’s...

June 24, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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GEF Invests ₹5.8 Billion in TI Clean Mobility to Develop EV Verticals

TI Clean Mobility (TICMPL), a wholly-owned subsidiary of Tube Investments of India, a Murugappa Group company, has raised ₹5.8 billion (~$69.5 million) in equity and...

May 8, 2024

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Staff

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Electric Vehicles
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Ministry of Power Releases Detailed Plan to Revamp DISCOMs

The Ministry of Power (MoP) has issued detailed guidelines for reform-based result-linked power distribution program over the next five years. The program aims to...

July 27, 2021

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Harsh Shukla

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Grid

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Market & Policy

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