AMPIN Energy Transition secures equity investment of $50 million from Siemens
AMPIN Energy Transition has secured an investment of $50 million from Siemens Financial Services, the financing arm of Siemens AG, to scale its renewable energy portfolio in India.
BluPine Energy secures INR 1,787 crore from NaBFID to strengthen renewable energy portfolio
BluPine Energy has secured INR 1,787 crore from the National Bank for Financing Infrastructure and Development (NaBFID). The funding will allow it to optimize cost structure and expand renewable portfolio.
CARE upgrades Waaree Energies’ credit rating to A+
Waaree Energies’ healthy order book of 26.5 GW (worth INR 50,000 crore) as on Dec. 31, 2024 provides a strong revenue visibility. Going forward, the demand prospects for the company are expected to remain strong in the domestic market, given favourable government policies.
Erisha E Mobility secures $1 billion from UAE investor
Erisha E Mobility has secured $1 billion investment from a UAE-based investor to expand its operations in the UAE, Saudi Arabia, USA, Europe, and various African nations, in addition to strengthening its existing business in India.
PM Surya Ghar Muft Bijli Yojana crosses 10 lakh installation milestone
PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, has achieved a historic milestone with 10 lakh homes now solar-powered as of 10th March 2025.
Swelect secures order for 150 MW of TOPCon solar modules
The company has also unlocked INR 260 crore to reinvest for 1 GW of solar power assets by 2026-27.
Avaada starts building 5 GW TOPCon solar cell, module factory in Uttar Pradesh
Avaada Electro, manufacturing arm of Avaada Group, has started building its integrated facility for 5 GW of TOPCon solar cells and modules in Greater Noida. It also opened a 1.5 GW module fab in Noida.
Hindustan Power signs INR 620-crore solar, storage MoU with Assam
Hindustan Power will invest in setting up a 100 MW solar plant and a 100 MW battery energy storage facility in Assam.
Oriana Power commits INR 500-crore solar, storage investment in Assam
Oriana Power has committed to invest INR 500 crore in solar and battery energy storage system projects in the Kamrup district of Assam.
Adani Green Energy refinances $1.06 billion construction facility
Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, announced that it has refinanced its maiden construction facility with outstanding of $1.06 billion taken in 2021 to develop India’s largest solar-wind hybrid renewable cluster in Rajasthan.
