Terra Clean Floats Land Aggregation Tender for 300 MW Solar Project

Bangalore Metallurgical Eyes Lower Power Costs with 5.5 MW Solar Project

Germany Adds 7.39 GW of Solar Capacity in First Half of 2026

Madhya Pradesh Floats EPC Tender for 30 MW Solar Power Projects

EVs Account for Over 10% of Vehicle Sales in Q2 2026

Daily News Wrap-Up: NRPC Flags Grid Risk Amid Renewable Losses

Ministry of Heavy Industries Tenders 10 GWh of ACC Manufacturing Capacity

India’s Wind Installations Slipped 15% QoQ in Q2 2026

India’s Energy Storage Pipeline Hits 25% of 2032 Requirement

Hero MotoCorp to Invest Additional ₹10 Billion in Ather Energy

<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2026/03/amazon_polly_92345.mp3?version=1774419881">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-gs-power-partners-secures-250-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
GS Power Partners, an independent power producer and solar project developer backed by CVC DIF, <a href="https://mercomcapital.com/gs-power-partners-secures-250-million-debt-financing/" target="_blank" rel="noopener">closed</a> a $250 million debt facility. Deutsche Bank acted as lead lender and arranger and is responsible for syndicating the transaction. The facility will be used to establish a centralized corporate capital platform to support GS Power’s development pipeline and long-term growth strategy.
Leapting, a company that provides intelligent robotic solutions for photovoltaic energy, <a href="https://mercomcapital.com/leapting-raises-over-14-5-million-pre-series-b-funding-round/" target="_blank" rel="noopener">secured</a> more than 100 million yuan (~$14.5 million) in a pre-series B funding round. The funding round included Capital Today as a strategic shareholder and introduced Long Capital as a new investor. Existing shareholder Clory Ventures also participated, marking its fourth consecutive round of investment in the company.
Vietnam-based rooftop solar solution provider SmartSolar <a href="https://mercomcapital.com/rooftop-solar-company-smartsolar-raises-1-3-million-debt-financing/" target="_blank" rel="noopener">closed</a> a $1.3 million debt financing round, bringing its total funding to $3.15 million through a mix of equity and debt. The latest funding round included a $300,000 senior loan from the SECO Startup Fund. In addition, the German travel company SKR Reisen provided SmartSolar with a $1 million debt facility.
Good Energy, a renewable energy supplier and energy service provider, <a href="https://mercomcapital.com/good-energy-acquires-solar-panel-installer-low-energy-services/" target="_blank" rel="noopener">acquired</a> Low Energy Services, an installer of solar panels and battery storage systems for commercial and industrial customers. Following the acquisition, Low Energy Services will be integrated under the Good Energy brand, adding a skilled team and helping to extend Good Energy’s geographical footprint beyond England.
Integrated infrastructure services company Bluspring Enterprises <a href="https://www.mercomindia.com/bluspring-acquires-steag-india-unit-to-strengthen-energy-services" target="_blank" rel="noopener">announced</a> that its wholly owned subsidiary, Bluspring New Horizon One, has executed a share purchase agreement with Germany-based STEAG Energy and STEAG Energy Services India (SESI) to acquire 100% of the latter’s paid-up share capital for a cash consideration of ₹1.8 billion (~$19.28 million). Bluspring stated that the acquisition aligns with its strategy to expand its industrial vertical and strengthen its presence in the power services segment.
Energy Storage Solutions provider ILJIN Electronics plans to <a href="https://www.mercomindia.com/iljin-electronics-to-raise-%E2%82%B92-96-billion-from-amber-group-through-rights-issue" target="_blank" rel="noopener">raise</a> ₹2.96 billion (~$31.79 million) from its parent company, Amber Group, through a rights issue. Upon completion of the transaction, Amber will hold an 89.72% share in ILJIN Electronics, an increase of 0.04%. The capital infusion will help IL JIN accomplish its strategic initiatives. The rights issue process, including the allotment of equity shares to eligible equity shareholders, is expected to close on or before April 30, 2026.
Global investment firm KKR will <a href="https://www.mercomindia.com/kkr-to-invest-up-to-310-million-in-e-bus-companies-allfleet-and-pmi-electro" target="_blank" rel="noopener">invest</a> up to $310 million (~₹28.63 billion) and form a partnership with electric bus (e-bus) platform Allfleet and e-bus manufacturer PMI Electro. The investment will enable KKR to acquire a majority stake in Allfleet and a minority stake in PMI Electro. The transaction is expected to be completed in mid- 2026. KKR’s investment will strengthen Allfleet’s ability to collaborate with public transport authorities to expand e-bus fleets across key cities.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-mga-thermal-secures-12-million" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: GS Power Partners Secures $250 Million

GS Power Partners, an independent power producer and solar project developer backed by CVC DIF, <a href="https://cms.mercomindia.com/gs-power-partners-secures-250-million-debt-financing/" target="_blank" rel="noopener">closed</a> a $250 million debt facility. Deutsche Bank acted as lead lender and arranger and is responsible for syndicating the transaction. The facility will be used to establish a centralized corporate capital platform to support GS Power’s development pipeline and long-term growth strategy.
Leapting, a company that provides intelligent robotic solutions for photovoltaic energy, <a href="https://cms.mercomindia.com/leapting-raises-over-14-5-million-pre-series-b-funding-round/" target="_blank" rel="noopener">secured</a> more than 100 million yuan (~$14.5 million) in a pre-series B funding round. The funding round included Capital Today as a strategic shareholder and introduced Long Capital as a new investor. Existing shareholder Clory Ventures also participated, marking its fourth consecutive round of investment in the company.
Vietnam-based rooftop solar solution provider SmartSolar <a href="https://cms.mercomindia.com/rooftop-solar-company-smartsolar-raises-1-3-million-debt-financing/" target="_blank" rel="noopener">closed</a> a $1.3 million debt financing round, bringing its total funding to $3.15 million through a mix of equity and debt. The latest funding round included a $300,000 senior loan from the SECO Startup Fund. In addition, the German travel company SKR Reisen provided SmartSolar with a $1 million debt facility.
Good Energy, a renewable energy supplier and energy service provider, <a href="https://cms.mercomindia.com/good-energy-acquires-solar-panel-installer-low-energy-services/" target="_blank" rel="noopener">acquired</a> Low Energy Services, an installer of solar panels and battery storage systems for commercial and industrial customers. Following the acquisition, Low Energy Services will be integrated under the Good Energy brand, adding a skilled team and helping to extend Good Energy’s geographical footprint beyond England.
Integrated infrastructure services company Bluspring Enterprises <a href="https://www.mercomindia.com/bluspring-acquires-steag-india-unit-to-strengthen-energy-services" target="_blank" rel="noopener">announced</a> that its wholly owned subsidiary, Bluspring New Horizon One, has executed a share purchase agreement with Germany-based STEAG Energy and STEAG Energy Services India (SESI) to acquire 100% of the latter’s paid-up share capital for a cash consideration of ₹1.8 billion (~$19.28 million). Bluspring stated that the acquisition aligns with its strategy to expand its industrial vertical and strengthen its presence in the power services segment.
Energy Storage Solutions provider ILJIN Electronics plans to <a href="https://www.mercomindia.com/iljin-electronics-to-raise-%E2%82%B92-96-billion-from-amber-group-through-rights-issue" target="_blank" rel="noopener">raise</a> ₹2.96 billion (~$31.79 million) from its parent company, Amber Group, through a rights issue. Upon completion of the transaction, Amber will hold an 89.72% share in ILJIN Electronics, an increase of 0.04%. The capital infusion will help IL JIN accomplish its strategic initiatives. The rights issue process, including the allotment of equity shares to eligible equity shareholders, is expected to close on or before April 30, 2026.
Global investment firm KKR will <a href="https://www.mercomindia.com/kkr-to-invest-up-to-310-million-in-e-bus-companies-allfleet-and-pmi-electro" target="_blank" rel="noopener">invest</a> up to $310 million (~₹28.63 billion) and form a partnership with electric bus (e-bus) platform Allfleet and e-bus manufacturer PMI Electro. The investment will enable KKR to acquire a majority stake in Allfleet and a minority stake in PMI Electro. The transaction is expected to be completed in mid- 2026. KKR’s investment will strengthen Allfleet’s ability to collaborate with public transport authorities to expand e-bus fleets across key cities.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-and-ma-roundup-mga-thermal-secures-12-million/" target="_blank" rel="noopener">roundup</a>.

gs-power-partners

Get the most relevant India solar and clean energy news.

RECENT POSTS