Distribution Business, Renewables Boost Torrent’s Revenue 3% in Q1 FY 2027

SECI Seeks Trading Partner to Sell Renewable Energy

PM Surya Ghar Powers 5 Million Homes, Total Capacity Hits 15 GW

Nextpower Raises Guidance for FY 2027 on Strong Q1 Performance

Avantus Closes $1 Billion Credit Facility to Expand Project Portfolio

Tandem PV Acquires nexTC to Bring Thin-Film Coating Technology In-House

Base Power Raises $1 Billion in Series D Funding Round

TotalEnergies Acquires Shell’s 4 GW European Renewables Portfolio

CERC Rescinds Revocation of Renewable Projects’ Grid Connectivity

Month in a Minute: Top Headlines from the Indian Renewable Sector in July 2026

Samsung C&amp;T Renewables, a renewable energy development and investment company and the renewable energy corporation of South Korea’s Samsung C&amp;T in the U.S., <a href="https://cms.mercomindia.com/samsung-ct-renewables-sells-solar-energy-storage-projects/" target="_blank" rel="noopener">signed</a> a contract for sale and development services for a 3 GW solar and ESS (energy storage system) project in southern Texas to Sunraycer Renewables. The portfolio sold consists of 15 projects, of which 1 GW is from six solar projects and 2 GW from 9 ESS projects.
Dimension Renewable Energy, a community solar project developer, <a href="https://cms.mercomindia.com/dimension-renewable-energy-secures-project-financing/" target="_blank" rel="noopener">secured</a> $237 million in financing for constructing a 120 MW distributed generation portfolio. Silicon Valley Bank , a division of First Citizens Bank, acted as lead debt syndicator, with NT Solar and Advantage Capital arranging the tax equity. The portfolio comprises 28 solar projects located across New York, New Jersey, Virginia, and California.
Ethical Power, a utility-scale solar and storage project developer, <a href="https://www.thriverenewables.co.uk/latest-news/news/new-deal-with-ethical-power-will-help-double-thrive-s-impact/" target="_blank" rel="noopener">secured</a> £20M (~$25M) loan facility from Thrive Renewables for the development and construction of two 25 MW battery storage and four solar projects (142 MW in total) across the UK over the next three to five years.
IGNIS, a vertically integrated renewable energy company, <a href="https://cms.mercomindia.com/ignis-secures-financing-solar-projects-spain/" target="_blank" rel="noopener">achieved</a> a financial closing amounting to €335 million (~$357.47 million) for the development of 500 MW of solar projects in Spain. The loan was led by Deutsche Bank, which also acted as sole underwriter, with the participation of Rabobank, ABN Amro and Triodos Bank. IGNIS was advised by Cuatrecasas and the financial institutions by Clifford Chance.
Nexwell Power, a UK-based company that builds and operates solar PV installations, <a href="https://cms.mercomindia.com/nexwell-power-secures-financing-for-46-mw-solar-projects/" target="_blank" rel="noopener">announced</a> the signing of a financing agreement with Coöperatieve Rabobank U.A. for a total amount of €37 million (~$39.77 million). The funding will be utilized to construct seven new plants located in Andalusia and Extremadura totaling 46 MW. The projects are expected to start delivering power in 2024.
Click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.
Read last week&#8217;s project finance <a href="https://cms.mercomindia.com/project-finance-brief-matrix-renewables-secures-financing/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Samsung Sells 3 GW Solar and Energy Storage Projects

<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/2023/09/amazon_polly_58782.mp3?version=1695185152">
			</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/project-finance-brief-samsung-sells-solar-energy-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
Samsung C&amp;T Renewables, a renewable energy development and investment company and the renewable energy corporation of South Korea’s Samsung C&amp;T in the U.S., <a href="https://mercomcapital.com/samsung-ct-renewables-sells-solar-energy-storage-projects/" target="_blank" rel="noopener">signed</a> a contract for sale and development services for a 3 GW solar and ESS (energy storage system) project in southern Texas to Sunraycer Renewables. The portfolio sold consists of 15 projects, of which 1 GW is from six solar projects and 2 GW from 9 ESS projects.
Dimension Renewable Energy, a community solar project developer, <a href="https://mercomcapital.com/dimension-renewable-energy-secures-project-financing/" target="_blank" rel="noopener">secured</a> $237 million in financing for constructing a 120 MW distributed generation portfolio. Silicon Valley Bank , a division of First Citizens Bank, acted as lead debt syndicator, with NT Solar and Advantage Capital arranging the tax equity. The portfolio comprises 28 solar projects located across New York, New Jersey, Virginia, and California.
Ethical Power, a utility-scale solar and storage project developer, <a href="https://www.thriverenewables.co.uk/latest-news/news/new-deal-with-ethical-power-will-help-double-thrive-s-impact/" target="_blank" rel="noopener">secured</a> £20M (~$25M) loan facility from Thrive Renewables for the development and construction of two 25 MW battery storage and four solar projects (142 MW in total) across the UK over the next three to five years.
IGNIS, a vertically integrated renewable energy company, <a href="https://mercomcapital.com/ignis-secures-financing-solar-projects-spain/" target="_blank" rel="noopener">achieved</a> a financial closing amounting to €335 million (~$357.47 million) for the development of 500 MW of solar projects in Spain. The loan was led by Deutsche Bank, which also acted as sole underwriter, with the participation of Rabobank, ABN Amro and Triodos Bank. IGNIS was advised by Cuatrecasas and the financial institutions by Clifford Chance.
Nexwell Power, a UK-based company that builds and operates solar PV installations, <a href="https://mercomcapital.com/nexwell-power-secures-financing-for-46-mw-solar-projects/" target="_blank" rel="noopener">announced</a> the signing of a financing agreement with Coöperatieve Rabobank U.A. for a total amount of €37 million (~$39.77 million). The funding will be utilized to construct seven new plants located in Andalusia and Extremadura totaling 46 MW. The projects are expected to start delivering power in 2024.
Click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.
Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-matrix-renewables-secures-financing/" target="_blank" rel="noopener">brief</a>.

<a href="https://ethical-power.com/index.php" target="_blank" rel="noopener">Ethical Power Development</a>, a renewable energy developer and investor and a part of the Ethical Power Group, has acquired the development business of Public Power Solutions (PPS), including a pipeline of solar and energy storage projects with a potential capacity of over 250 MW.
The financial terms of the transaction were not disclosed.
Public Power Solutions and Ethical Power have been collaborating since 2021. The latest deal enables Ethical Power to take ownership of large-scale solar PV and BESS co-located projects with a total capacity of over 250 MW.
&#8220;This is an important milestone supporting further expansion of the business and will allow us to streamline project developments both in the UK and internationally,&#8221; said Spencer Jansen, managing director of Ethical Power Development.
PPS&#8217; director of power solutions, Steve Cairns, said, &#8220;PPS and Ethical Power already share a common commitment to delivering clean energy projects which help tackle the climate crisis and boost the UK&#8217;s energy security while delivering long-term benefits for local communities. This exciting next step is a natural evolution of our existing partnership, providing a sustainable basis for future growth.&#8221;
Last Month, Birch Creek Energy, a renewable energy company, announced the <a href="https://cms.mercomindia.com/birch-creek-energy-acquires-foundation-solar-partners/" target="_blank" rel="noopener">acquisition</a> of Foundation Solar Partners, a solar developer from private equity firm Hull Street Energy, for an undisclosed amount. Foundation Solar has developed and sold over 800 MW of solar projects. It has an additional pipeline of nearly 5 GW in operation solar and storage projects.
According to Mercom&#8217;s Q4 and Annual Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-q4-2022-solar-funding-ma-report/" target="_blank" rel="noopener">Report</a>, 128 mergers and acquisition (M&amp;A) transactions were recorded in 2022—the highest since 2010, including eight deals exceeding a billion dollars each.
Brookfield Renewable, an owner and operator of renewable projects, <a href="https://cms.mercomindia.com/brookfield-acquires-stake-x-elio-kkr/" target="_blank" rel="noopener">recently acquired</a> a 50% stake in X-ELIO, which specializes in developing, constructing, financing, and operating renewable energy projects, including solar. The financial terms of the deal were not disclosed.

Ethical Power Development Acquires Public Power Solutions’ Solar and Storage Business in the UK

ethical-power

Get the most relevant India solar and clean energy news.

RECENT POSTS