Mumbai-based Reliance Industries (RIL), through its subsidiary Reliance New Energy Solar Ltd., invested in German "green solar wafers" technology company NexWafe GmbH, and signed a pact with Danish company Stiesdal A/S for hydrogen electrolyzers, as part of a strategy to expand its clean energy portfolio. The company invested 25 million...
India’s Reliance Acquires REC Solar for $771 Million
Mumbai-headquartered Reliance New Energy Solar acquired a 100 percent stake in Norway-based REC Solar Holdings AS from China National Bluestar (Group) Co Ltd. for $771 million. Reliance New Energy Solar Ltd is a wholly-owned subsidiary of Reliance Industries Ltd., which aims to invest about $10.1 billion in clean energy over...