Mergers and Acquistions
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Waaree Energies plans Indosolar merger, secures 2 GW solar module order
Waaree Energies has approved a proposal to merge group company Indosolar into Waaree Energies. It said the transaction would consolidate the two parties’ cell and module manufacturing while simplifying the group structure. Waaree has also secured a 2 GW module supply contract from a domestic solar developer.
Sep 24, 2026
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Exide Industries invests INR 200 crore in lithium battery subsidiary
Exide Industries has invested INR 200 crore in its wholly owned subsidiary Exide Energy Solutions (EESL) through a rights-based equity subscription to fund the development of its greenfield multi-gigawatt lithium-ion cell manufacturing facility in India.
RPSG Group’s Purvah Green to acquire 1.4 GWp operating solar portfolio for INR 4,859 crore from ReNew
More than 90% of the solar capacity being acquired is contracted with the Solar Energy Corp. of India (SECI) under long-term power purchase agreements. The balance is contracted with Karnataka’s distribution companies.
Equirus flags stricter grid rules as biggest near-term risk to renewable investments
The proposed stricter grid-discipline regulations, due to take effect in April 2027, would sharply increase penalties when renewable power producers fail to deliver electricity in line with their grid commitments. The tougher regime could reduce revenue by about 11% for solar projects and as much as 48% for wind farms.
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All Mergers and Acquistions news
Waaree Energies plans Indosolar merger, secures 2 GW solar module order
Waaree Energies has approved a proposal to merge group company Indosolar into Waaree Energies. It said the transaction would consolidate the two parties’ cell and module manufacturing while simplifying the group structure. Waaree has also secured a 2 GW module supply contract from a domestic solar developer.
Exide Industries invests INR 200 crore in lithium battery subsidiary
Exide Industries has invested INR 200 crore in its wholly owned subsidiary Exide Energy Solutions (EESL) through a rights-based equity subscription to fund the development of its greenfield multi-gigawatt lithium-ion cell manufacturing facility in India.
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RPSG Group’s Purvah Green to acquire 1.4 GWp operating solar portfolio for INR 4,859 crore from ReNew
More than 90% of the solar capacity being acquired is contracted with the Solar Energy Corp. of India (SECI) under long-term power purchase agreements. The balance is contracted with Karnataka’s distribution companies.
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Equirus flags stricter grid rules as biggest near-term risk to renewable investments
The proposed stricter grid-discipline regulations, due to take effect in April 2027, would sharply increase penalties when renewable power producers fail to deliver electricity in line with their grid commitments. The tougher regime could reduce revenue by about 11% for solar projects and as much as 48% for wind farms.
Aditya Birla Group to acquire Sprng Energy from Shell
Following the transaction, Aditya Birla Renewables’ existing 4.4 GWp portfolio, primarily serving the commercial and industrial (C&I) segment, will combine with Sprng Energy’s 5 GWp utility-scale portfolio, creating a diversified renewable energy platform with a combined capacity of around 9.4 GWp.
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