MNRE Adds 402 MW of Solar Cell Capacity to ALMM, Total Nears 38 GW

Bihar Proposes 500 kW Cap for Rooftop Solar Net Metering

Soleos Energy Files Draft Papers for Initial Public Offering

Daily News Wrap-Up: India’s Transmission Plan Faces Execution Test

EU Solar-Storage Jobs Near 1 Million Mark, Manufacturing Employment Dips

PetroGreen Subsidiaries Secure $20 Million for 40 MW Solar Project

Fengate Asset Management Closes Acquisition of Accelergen Energy

Kanpur Packaging Manufacturer Installs Rooftop Solar to Cut Power Costs

TERI Announces Winner of 115 MWh Battery Storage Auction

Power Ministry Revises RoW Compensation Rules for Transmission Lines


					<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/2026/09/amazon_polly_106010.mp3?version=1790664212">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Asia-Pacific real asset owner and manager <a href="https://www.esr.com/" target="_blank" rel="noopener">ESR</a> has signed an agreement to acquire 100% of Aquila Clean Energy APAC from <a href="https://www.aquila-group.com/" target="_blank" rel="noopener">Aquila Group</a>.</p>
<p>The transaction&#8217;s financial terms were not disclosed.</p>
<p>Aquila Clean Energy APAC has a 1.6 GW portfolio of operational, under-construction, and advanced-stage development assets across Australia and New Zealand, South Korea, Japan, and Taiwan. The platform develops, owns, and operates solar, battery storage, and wind assets across the region.</p>
<p>ESR said the acquisition will expand its renewable energy capabilities and complement its logistics real estate and data center businesses. The company already has activities and a pipeline in solar and battery storage.</p>
<p>According to ESR, infrastructure and clean energy are becoming increasingly important to logistics real estate and data centers as electricity demand rises and industries seek to reduce carbon emissions. The acquisition is expected to provide ESR and its capital partners with additional investment opportunities in renewable energy assets.</p>
<p>Phil Pearce, President of ESR, said, “ESR has entered its next phase of growth with a clear focus on the sectors that underpin resilient supply chains, digital economies, and long-term economic development. As demand for logistics infrastructure, data centers, and power becomes increasingly interconnected, we see significant opportunities at the intersection of these sectors, with energy infrastructure becoming an increasingly compelling area for long-term capital deployment.”</p>
<p>The transaction is expected to close by the first quarter of 2027, subject to customary closing conditions and applicable approvals.</p>
<p>Following the completion of the transaction, ESR plans to work with Aquila Clean Energy APAC’s management team to expand the platform and pursue investment opportunities across its Asia-Pacific operations.</p>
<p>In 1H 2026, corporate M&amp;A activity in the solar sector <a href="https://mercomcapital.com/product/1h-and-q2-2026-solar-funding-and-ma-report" target="_blank" rel="noopener">increased</a> to 57 transactions, compared to 50 transactions in the first half of 2025, as per Mercom&#8217;s 1H and Q2 2026 Solar Funding and M&amp;A Report.</p>
<p>In August, solar project developers Verdant Energy and Aura Power Developments have <a href="https://mercomcapital.com/verdant-aura-merge-form-solar-storage-ipp-uk/" target="_blank" rel="noopener">merged</a> to form a solar and battery energy storage system (BESS) independent power producer (IPP) with approximately 1 GW of operating and under-construction assets in the UK.</p>


ESR to Fully Acquire Aquila Clean Energy APAC from Aquila Group


					<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/2026/01/amazon_polly_89318.mp3?version=1768971604">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-encavis-non-recourse-financing/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>ENCAVIS, a solar and wind project developer, has </strong><a href="https://mercomcapital.com/encavis-secures-157-million-non-recourse-project-financing/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the closure of a non-recourse project financing of €135 million (~$157.10 million) </strong>for the acquisition of the 199 MW Aragón portfolio. The portfolio is in northern Spain near Zaragoza, and consists of three wind projects with a combined capacity of approximately 142 MW and two solar projects totaling 57 MW.</p>
<p><strong>Altus Power, an independent developer, owner, and operator of commercial-scale solar projects, </strong><a href="https://mercomcapital.com/altus-power-acquires-105-mw-of-solar-projects/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of 105 MW of solar projects</strong> from Cordelio Power, an independent solar, wind, and energy storage power producer. Already under construction, the acquired projects comprise four ground-mounted solar installations across the state of New York.</p>
<p><strong>egg Power, Liberty Global’s investment vehicle to develop, build, own, and operate renewable energy projects, providing low-cost clean energy to customers</strong>, <a href="https://mercomcapital.com/egg-power-secures-536-million-for-solar-and-wind-projects/" target="_blank" rel="noopener">secured</a> up to £400 million (~$536 million) in debt financing from NatWest Group to accelerate its development of large-scale renewable energy projects across Europe.</p>
<p><strong>IREDA Global Green Energy Finance IFSC (IGGEFIL), a wholly owned subsidiary of the government-owned lender, Indian Renewable Energy Development Agency, </strong><a href="https://www.mercomindia.com/ireda-subsidiary-approves-first-overseas-solar-project-loan" target="_blank" rel="noopener">approved</a> its first international green energy loan, marking the formal start of its overseas financing operations. IGGEFIL approved a loan of $22.5 million to Swarna Solar for the development of a 100 MW solar project in the Serenje District of Zambia’s Central Province.</p>
<p><strong>Aquila Clean Energy, a developer of integrated and hybrid clean energy solutions, </strong><a href="https://mercomcapital.com/aquila-clean-energy-sells-100-mwh-battery-storage-project/" target="_blank" rel="noopener"><strong>sold</strong></a><strong> a ready-to-build 50 MW/100 MWh battery energy storage project</strong> in Lithuania to Energy Gates, an investment management firm focused on developing large-scale renewable energy projects across the Baltic countries. The battery storage project is designed with a two-hour storage capacity, providing flexible services to the Lithuanian power systems, supporting grid stability, renewable energy integration, and energy security across the Baltic region.</p>
<p><strong>Swift Current Energy, a company that develops, commercializes, owns, and operates utility-scale solar, wind, and energy storage projects</strong>, <a href="https://mercomcapital.com/swift-current-energy-sells-150-mw-battery-storage-project/" target="_blank" rel="noopener">announced</a> the sale of the 150 MW/600 MWh Prospect Power battery storage project. The project is in Rockingham County, Virginia, and was acquired by Elevate Renewables, a renewable energy development company.</p>
<p><strong>Greenbacker, an independent power producer and energy transition-focused investment manager, </strong><a href="https://mercomcapital.com/greenbacker-sells-237-mw-of-solar-and-storage-portfolio/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the sale of a 237 MW portfolio of solar and storage projects</strong> to Altus Power, a developer, owner, and operator of large-scale solar projects. The portfolio consists of more than 100 projects across 18 states. KeyBanc Capital Markets, the corporate and investment banking arm of Cleveland-based KeyCorp, served as the exclusive financial advisor to Greenbacker on the transaction.</p>
<p>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.</p>
<p>Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-treaty-oak-secures-solar-projects/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: ENCAVIS Secures $157 Million in Non-Recourse Financing


					<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/2026/01/amazon_polly_100564.mp3?version=1786716853">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><a href="https://www.aquila-clean-energy.com/" target="_blank" rel="noopener">Aquila Clean Energy</a>, a developer of integrated and hybrid clean energy solutions, sold a ready-to-build 50 MW/100 MWh battery energy storage project in Lithuania to Energy Gates, an investment management firm focused on developing large-scale renewable energy projects across the Baltic countries.</p>
<p>The battery storage project is designed with a two-hour storage capacity, providing flexible services to the Lithuanian power systems, supporting grid stability, renewable energy integration, and energy security across the Baltic region.</p>
<p>The project has secured all the key development milestones, clearing the way for near-term construction and operation. The transaction was completed on December 31, 2025.</p>
<p>EY Parthenon served as the financial advisor, and Esteem and COBALT acted as the legal advisors to Aquila Clean Energy. WIDEN provided legal counsel to Energy Gates.</p>
<p>&#8220;This acquisition further strengthens Energy Gates renewable projects&#8217; development in the Baltics. The project is the third BESS asset in our portfolio and an important milestone reflecting our confidence in the Lithuanian market and our ability to develop, invest in, and realize value from high-quality storage assets that support grid flexibility, renewable integration, and long-term energy security.&#8221; Energy Gates CEO, Arminas Petraitis.</p>
<p>Aquila Clean Energy EMEA also commenced <a href="https://www.aquila-clean-energy.com/news/aquila-clean-energy-emea-begins-construction-on-major-battery-storage-project-in-northern-germany/" target="_blank" rel="noopener">construction</a> in November 2024 on a new 56 MW/112 MWh battery energy storage system in Wetzen, Lower Saxony, Germany. This project is part of the company&#8217;s larger portfolio of 14 battery storage projects in Germany, with a combined capacity of more than 900 MW.</p>
<p>According to Mercom&#8217;s 9M and Q3 2025 Funding and M&amp;A Report for Energy Storage <a href="https://cms.mercomindia.com/product/9m-and-q3-2025-funding-and-ma-report-for-storage/" target="_blank" rel="noopener">report</a>, there were 45 energy storage project M&amp;A transactions in the first nine months of 2025 compared to 22 transactions in the same period of 2024.</p>
<p>In January 2026, Swift Current Energy, a company that develops, commercializes, owns, and operates utility-scale solar, wind, and energy storage projects, announced the <a href="https://cms.mercomindia.com/swift-current-energy-sells-150-mw-battery-storage-project/" target="_blank" rel="noopener">sale</a> of the 150 MW/600 MWh Prospect Power battery storage project. The project is located in Rockingham County, Virginia, and was acquired by Elevate Renewables, a renewable energy development company.</p>


Aquila Clean Energy Sells 50 MW/100 MWh Battery Storage Project

aquila-clean-energy

Get the most relevant India solar and clean energy news.

RECENT POSTS