Mufin Green Finance Limited has raised Rs 900 million through a private placement of secured, rated and listed non convertible debentures. The proceeds will support the company’s rooftop and commercial solar installations, electric mobility initiatives and health insurance premium financing. The company issued 9,000 non convertible debentures priced at Rs 0.1 million each. The instruments…
AMPIN Energy Transition Private Limited has received a 50 million dollar investment from FMO, the Dutch entrepreneurial development bank that invests in more than 85 countries. AMPIN will use the funding to build new greenfield renewable projects in India and expand its clean energy portfolio. The investment aligns with FMO’s plan to increase climate focused…
India’s solar module exports hit their lowest level this year in September as U.S. tariffs and import checks reduced demand. With overseas orders slowing, manufacturers are turning to the domestic market, heightening fears of oversupply. Exports fell to 80 million dollars in September from 134 million dollars in August. The United States had made up…
The Ministry of Power has advanced work on a national DPI for the energy sector through a meeting of the India Energy Stack Taskforce on November 24. The group reviewed key strategy and architecture documents that will guide the creation of a unified digital backbone for the full power value chain. The meeting examined the…
GameChange Solar will scale its transformer manufacturing capacity in India by about six times through its new subsidiary, GameChange BOS. The expansion targets growing global demand and a stronger position in the domestic market. The company recently opened its first medium voltage transformer plant in Taloja, Maharashtra. The greenfield facility can produce 1,800 to 2,000…
INOXGFL Group companies have signed two separate agreements with the KP Group to jointly build 5 GW of renewable energy capacity across India. The plan covers wind, solar, and hybrid projects and brings together the strengths of both groups in manufacturing, project development, and long-term operations. Inox Wind Limited and KP Energy Limited will work…
India’s renewable energy sector saw strong activity in the public markets through 2025. Many companies filed draft papers, secured approval from the Securities and Exchange Board of India (SEBI), or closed successful public issues.  Solar manufacturing companies lead the filing momentum The first part of the year saw many companies in solar manufacturing prepare for…
Chinese TOPCon solar cell prices fell 1.22% to $0.0405/W this week amid weak export demand and contract renegotiations by Indian buyers following India’s proposed antidumping duty. The duty, recommended by the Directorate General of Trade Remedies, may impose up to 30% on Chinese solar cell imports for three years once approved. Manufacturers said Indian firms…
Ingka Investments, the investment arm of Ingka Group, has acquired a 100% stake in a 210 MWp solar project in Rajasthan, its first renewable energy investment in India. The subsidy-free project is ready for construction, with operations expected to begin in December 2026. It will generate about 380 GWh of electricity annually. Frederik de Jong,…
India’s renewable energy companies reported solid financial performance for FY 2025-26, driven by higher earnings and improved margins. NTPC Green Energy reported a net profit of Rs 88 crore, up from Rs 38 crore the previous year. Revenue grew 21.5% to Rs 612.3 crore, and EBITDA rose 26% to Rs 529.6 crore. Margins improved to…