CERC Rescinds Revocation of Renewable Projects’ Grid Connectivity

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

Solar Module Capacity Under ALMM Grows to 215.5 GW

PFC Awards Project to Evacuate 3 GW of Renewables in Andhra Pradesh

Storage, Engineering, and Service Become Distributed Solar’s Growth Drivers

Daily News Wrap-Up: MNRE Proposes Uniform Solar Cell Nomenclature

MENA Weekly Round-Up: Egypt Signs PPA with Alcazar for 407 MW Wind Project

Solar Tender and Auction Activity Declines in Q2 2026

MNRE Proposes Standardized Nomenclature for Solar Cells Under ALMM List II

India Can Build a Complete Solar Manufacturing Ecosystem Within Five Years: Interview

Potentia Energy, a renewable energy developer co-owned by Enel Green Power and INPEX, <a href="https://cms.mercomindia.com/potentia-energy-acquires-over-1-gw-of-renewable-energy-projects/" target="_blank" rel="noopener">completed</a> the acquisition of controlling stakes in a renewable energy portfolio exceeding 1 GW across Australia. The assets were acquired from infrastructure investor CVC DIF and superannuation fund Cbus Super. The acquisition also includes shares in Bright Energy Investments, a joint venture with Synergy, owned by the Western Australian state government.
AIP Management, a Nordic-based investment manager in diversified decarbonization infrastructure, <a href="https://cms.mercomindia.com/aip-management-to-acquire-49-99-stake-in-solar-and-storage-project/" target="_blank" rel="noopener">agreed</a> to acquire a 49.99% equity stake in the 300 MW solar with a co-located 200 MW/400 MWh battery energy storage Pine Forest project from Clearway Energy Group, a utility-scale renewable energy and storage project developer. The project is in the ERCOT North market region in Texas. The total investment is approximately $200 million. The project is currently under construction and is expected to commence operations in the fourth quarter of 2025.
Greenalia, a renewable energy project developer, has <a href="https://cms.mercomindia.com/greenalia-secures-financing-misae-ii-solar-project/" target="_blank" rel="noopener">secured</a> a $295 million construction-to-term loan and $93 million letter of credit facility from Mitsubishi UFJ Financial Group and Nomura Securities International for developing the 430 MWdc/331.6 MWac Misae II solar project in Texas. The project has completed 72% of its construction, with commercial operations expected to begin in the third quarter of 2025.
Electricity and heat producer and supplier PGE Energia Ciepła, a PGE Group unit, <a href="https://cms.mercomindia.com/pge-energia-ciepla-secures-13-m-financing-solar-projects/" target="_blank" rel="noopener">secured</a> PLN 48.7 million (~$12.61 million) in the form of a preferential loan from the National Fund for Environmental Protection and Water Management for the construction of seven solar projects with a cumulative capacity of 10.54 MW. The projects are to be built at the company’s six combined heat and power projects in Rzeszów, Kielce, Lublin, Zgierz, Bydgoszcz, and Gorzów Wielkopolski in Poland.
India-based ACME Solar Holdings <a href="https://www.mercomindia.com/acme-solar-secures-%E2%82%B924-91-billion-refinancing-to-cut-debt-costs" target="_blank" rel="noopener">secured</a> a ₹24.91 billion (~$298.92 million) long-term refinancing facility for 18 to 20 years from the State Bank of India and REC at a reduced weighted average interest rate of 8.8%. ACME Solar will use the funds to reduce debt costs for its 490 MW renewable energy projects in Andhra Pradesh, Rajasthan, and Punjab.
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-renewable-power-capital-solar-wind-projects/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Potentia Energy Acquires 1 GW of Renewable Energy 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/2025/04/amazon_polly_78389.mp3?version=1744173592">
			</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-potentia-energy-acquires-renewable-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
Potentia Energy, a renewable energy developer co-owned by Enel Green Power and INPEX, <a href="https://mercomcapital.com/potentia-energy-acquires-over-1-gw-of-renewable-energy-projects/" target="_blank" rel="noopener">completed</a> the acquisition of controlling stakes in a renewable energy portfolio exceeding 1 GW across Australia. The assets were acquired from infrastructure investor CVC DIF and superannuation fund Cbus Super. The acquisition also includes shares in Bright Energy Investments, a joint venture with Synergy, owned by the Western Australian state government.
AIP Management, a Nordic-based investment manager in diversified decarbonization infrastructure, <a href="https://mercomcapital.com/aip-management-to-acquire-49-99-stake-in-solar-and-storage-project/" target="_blank" rel="noopener">agreed</a> to acquire a 49.99% equity stake in the 300 MW solar with a co-located 200 MW/400 MWh battery energy storage Pine Forest project from Clearway Energy Group, a utility-scale renewable energy and storage project developer. The project is in the ERCOT North market region in Texas. The total investment is approximately $200 million. The project is currently under construction and is expected to commence operations in the fourth quarter of 2025.
Greenalia, a renewable energy project developer, has <a href="https://mercomcapital.com/greenalia-secures-financing-misae-ii-solar-project/" target="_blank" rel="noopener">secured</a> a $295 million construction-to-term loan and $93 million letter of credit facility from Mitsubishi UFJ Financial Group and Nomura Securities International for developing the 430 MWdc/331.6 MWac Misae II solar project in Texas. The project has completed 72% of its construction, with commercial operations expected to begin in the third quarter of 2025.
Electricity and heat producer and supplier PGE Energia Ciepła, a PGE Group unit, <a href="https://mercomcapital.com/pge-energia-ciepla-secures-13-m-financing-solar-projects/" target="_blank" rel="noopener">secured</a> PLN 48.7 million (~$12.61 million) in the form of a preferential loan from the National Fund for Environmental Protection and Water Management for the construction of seven solar projects with a cumulative capacity of 10.54 MW. The projects are to be built at the company’s six combined heat and power projects in Rzeszów, Kielce, Lublin, Zgierz, Bydgoszcz, and Gorzów Wielkopolski in Poland.
India-based ACME Solar Holdings <a href="https://www.mercomindia.com/acme-solar-secures-%E2%82%B924-91-billion-refinancing-to-cut-debt-costs" target="_blank" rel="noopener">secured</a> a ₹24.91 billion (~$298.92 million) long-term refinancing facility for 18 to 20 years from the State Bank of India and REC at a reduced weighted average interest rate of 8.8%. ACME Solar will use the funds to reduce debt costs for its 490 MW renewable energy projects in Andhra Pradesh, Rajasthan, and Punjab.
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-renewable-power-capital-solar-wind-projects/" target="_blank" rel="noopener">brief</a>.

<a href="https://pgeenergiaciepla.pl/" target="_blank" rel="noopener">PGE Energia Ciepła</a>, a producer and supplier of electricity and heat and a unit of PGE Group, secured PLN 48.7 million (~$12.61 million) in the form of a preferential loan from the National Fund for Environmental Protection and Water Management for the construction of 7 solar projects totaling 10.54 MW.
The projects are to be built at the company&#8217;s six combined heat and power plants in Rzeszów, Kielce, Lublin, Zgierz, Bydgoszcz, and Gorzów Wielkopolski in Poland. The electricity generated from the projects will be used 100% by the company for its own needs.
The financing for the solar projects is provided by the Modernization Fund under the Energy-Intensive Industry-RES priority program.
The project&#8217;s construction is expected to be completed by December 2026.
&#8220;The result of obtaining electricity from photovoltaic installations will be a total reduction in CO2 emissions by 7220 tonnes/year, which is as much as is emitted annually by over 800 single-family houses heated with fossil fuels,&#8221; says Radosław Woszczyk, Vice President of the Management Board of PGE Energia Ciepła.
&#8220;We help energy-intensive companies reduce emissions through the use of renewable energy sources. These investments bring measurable economic and environmental benefits, which benefit the entire Polish economy,&#8221; said Józef Matysiak, Deputy President of the Management Board of the National Fund for Environmental Protection and Water Management.
Last year, PGE Energia Ciepła&#8217;s Zielona Góra combined heat and power plant benefited from the subsidy under the Energy-Intensive Industry-RES priority program.
According to Mercom&#8217;s Annual and Q4 2024 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-and-q4-2024-solar-funding-and-ma-report/" target="_blank" rel="noopener">Report</a>, large-scale project funding in 2024 increased 21% year-over-year.
Earlier this week, Enlight Renewable Energy, a developer of renewable energy projects, <a href="https://cms.mercomindia.com/enlight-secures-773-million-financing-solar-and-storage-project/" target="_blank" rel="noopener">secured</a> a debt financing package that includes $773 million in construction loans for the Country Acres project, located near Sacramento, California. The project comprises 403 MW of solar power and 688 MWh of energy storage. The project is expected to reach full commercial operation during the second half of 2026.

PGE Energia Ciepła Secures $13 Million Financing for Solar Projects

pge-energia-ciepla

Get the most relevant India solar and clean energy news.

RECENT POSTS