Reliance Acquires 20% Stake in Module Technology Firm Caelux for $12 Million

Reliance Acquires 20% Stake in Perovskite-based Solar Tech Firm Caelux for $12 Million

Reliance New Energy (RNEL), a wholly-owned subsidiary of Reliance Industries, has acquired a 20% stake for $12 million in California-headquartered Caelux Corporation, a company developing perovskite-based solar technology to enhance ...
/ / Finance and M&A, Solar
Reliance to Acquire Majority Stake in Solar Software Company SenseHawk for $32 Million

Reliance to Acquire Majority Stake in Solar Software Company SenseHawk for $32 Million

Reliance Industries (RIL) has signed definitive agreements to acquire a 79.4% stake in SenseHawk, a solar digitization platform SaaS that helps customers develop, build and operate solar and other infrastructure ...
/ / Finance and M&A, Solar
Reliance, Ola and Rajesh Exports Sign Agreement for Battery Storage Under PLI Program

Reliance, Ola and Rajesh Exports Sign Agreement for Battery Storage Under PLI Program

Reliance New Energy, Ola Electric Mobility, and Rajesh Exports have signed the program agreement under the Production Linked Incentive (PLI) Program for Advanced Chemistry Cell (ACC) Battery Storage. Mercom had ...
Daily News Wrap-Up: Reliance Merges its Renewable Energy Arm Into the Company

Daily News Wrap-Up: Reliance Merges its Renewable Energy Arm Into the Company

Here are some noteworthy cleantech announcements of the day from around the world: Reliance Industries announced the amalgamation of its wholly-owned subsidiary Reliance New Energy Limited (RNEL), into the company ...
/ / Uncategorized
Reliance to Purchase Production Lines for HJT Cells With an Annual Capacity of 4.8 GW

Reliance to Purchase Production Lines for HJT Cells With an Annual Capacity of 4.8 GW

Reliance Industries Limited has signed a letter of commitment (LoC) with Maxwell Technology, a wholly-owned subsidiary of Suzhou Maiwei Technology — to purchase eight sets of high-efficiency production lines for ...
/ / Markets & Policy, Solar
Reliance, Ola, Hyundai, Rajesh Exports Win Bid to Set Up 50 GWh of ACC for Energy Storage

Reliance, Ola, Hyundai, Rajesh Exports Win Bid to Set Up 50 GWh of ACC for Energy Storage

Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors, and Rajesh Exports have been approved by the Ministry of Heavy Industries (MHI) for receiving incentives under the production-linked incentive ...
Reliance Acquires Lithium Iron Phosphate Battery Maker for $61 Million

Reliance Acquires Lithium Iron Phosphate Battery Maker for $61 Million

Reliance New Energy Limited (RNEL), a wholly-owned subsidiary of Reliance Industries, substantially acquired all assets of Lithium Werks BV, a provider of cobalt-free Lithium Iron Phosphate (LFP) batteries, for $61 ...
Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022

Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022

Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar), the solar engineering and construction arm of the Shapoorji Pallonji Group, recorded a total income of ₹15.02 billion (~$198.62 million) ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Battery Storage Company Zenobe Secures £241 Million Debt

Funding and M&A Roundup: Battery Storage Company Zenobe Secures £241 Million Debt

From: Mercom Capital Group Zenobe Energy (formerly Battery Energy Storage Solutions), a developer, operator, and owner of battery storage assets in the U.K., has secured a multi-source debt structure of ...
/ / Finance and M&A, Other
EV Company Altigreen Raises ₹3 Billion in Funding, Reliance Brings In ₹501.6 Million

EV Company Altigreen Raises ₹3 Billion in Funding, Reliance Brings in ₹501.6 Million

Altigreen Propulsion Labs, a Bangalore-based commercial electric vehicle (EV) manufacturer, announced that it has raised ₹3 billion (~$40 million) in a Series A funding round, a day after Reliance New ...
/ / Electric Vehicles, Grid
Reliance Completes 40% Acquisition in EPC Company Sterling and Wilson Solar

Reliance Completes 40% Acquisition in EPC Company Sterling and Wilson Solar

Reliance New Energy Solar Limited (RNESL), the green energy arm of Reliance Industries, has completed the 40% stake acquisition in Sterling and Wilson Renewable Energy Limited (SWREL). Reliance acquired the ...
/ / Finance and M&A, Other
Month in a Minute Top Headlines from Indian Renewable Sector in January 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in January 2022

Here is a recap of some of the most important headlines from January 2022: ReNew Power sold its 117 MW of rooftop solar portfolio to distributed solar company Fourth Partner ...
/ / Other, Renewable Energy
Funding and M&A Roundup: Amp Energy Secures Green Loan for a 60 MW Solar Project

Funding and M&A Roundup: Amp Energy Secures Green Loan for a 60 MW Solar Project

From: Mercom Capital Group Renewable Energy Developer Amp Energy has secured a ‘Shinsei Green Loan’ valued at JPY17 billion (~$151 million) from its standing financing partner, Shinsei Bank. The funds will be used ...
/ / Finance and M&A, Solar
Daily News Wrap-Up Abu Dhabi-based Masdar to Develop 100 MW Solar Project in Georgia

Daily News Wrap-Up: Abu Dhabi-based Masdar to Develop 100 MW Solar Project in Georgia

Here are some noteworthy cleantech announcements of the day from around the world: Abu Dhabi-based renewable energy company Masdar has signed an agreement with the Georgian Energy Development Fund (GEDF) ...
/ / Other, Renewable Energy
Reliance to Acquire Sodium-Ion Battery Technology Provider Faradion for £94 Million

Reliance to Acquire Sodium-Ion Battery Technology Provider Faradion for £94 Million

Reliance New Energy Solar Limited (RNESL), the green energy arm of Reliance Industries Limited (RIL), has signed an agreement with sodium-ion battery technology provider Faradion Limited to acquire a 100% ...
/ / Energy Storage
Reliance's REC Acquisition Could Reduce Indian Solar Developers' Dependence on Imports

Reliance’s REC Acquisition Could Reduce Indian Solar Developers’ Dependence on Imports

Solar developers and module manufacturers believe Reliance Group's recent solar acquisitions will help India provide an alternative to Chinese products. In June 2021, Mukesh Ambani, Chairman of Reliance Industries, announced that Reliance ...
Reliance Makes Open Offer for a 25.9% Public Shareholding in Sterling and Wilson Solar

Reliance Makes Open Offer for a 25.9% Public Shareholding in Sterling and Wilson Solar

Reliance New Energy Solar, the green energy arm of Reliance Industries Limited (RIL), has offered ₹375 (~$5)/share to acquire 49.14 million equity shares of Sterling and Wilson Solar for around ₹18.42 billion ...
/ / Finance and M&A, Solar
Reliance’s Green Energy Arm to Invest $39 Million in Solar Wafer Manufacturer NexWafe

Reliance’s Green Energy Arm to Invest $39 Million in Solar Wafer Manufacturer NexWafe

Reliance New Energy Solar, the green energy arm of Reliance Industries, will invest €25 million (~$29 million) in a Germany-based solar wafer manufacturer, NexWafe GmbH. Reliance New Energy Solar will be the ...
/ / Finance and M&A, Solar
Reliance To Buy 40% Stake in EPC Company Sterling & Wilson Solar

Reliance to Buy 40% Stake in EPC Company Sterling & Wilson Solar

Reliance New Energy Solar Limited (RNESL), the green energy arm of Reliance Industries, has signed an agreement with Shapoorji Pallonji and Company Private Limited (SPCPL) to acquire a 40% stake ...
/ / Finance and M&A, Solar
Reliance Acquires REC Solar Holding for $771 Million

Reliance Acquires REC Solar Holding for $771 Million

Reliance New Energy Solar, a wholly-owned subsidiary of Reliance Industries, has acquired REC Solar Holdings from China National Bluestar Group for $771 million. REC is a Norway-headquartered solar cell, modules, ...
/ / Finance and M&A, Solar
Reliance, Bill Gates, and Others Invest $144 Million in Energy Storage Company Ambri

Reliance, Bill Gates, and Others Invest $144 Million in Energy Storage Company Ambri

Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited, along with investors like Bill Gates, Fortistar, Paulson & Co., and few other investors, have invested $144 ...
/ / Finance and M&A, Other
Daily News Wrap-Up: Reliance and Swiggy Ink Pact to Power Food Delivery in India with EVs

Daily News Wrap-Up: Reliance and Swiggy Ink Pact to Power Food Delivery in India with EVs

Here are some noteworthy cleantech announcements of the day from around the world: Fuel retailer Reliance BP Mobility Limited and food delivery app Swiggy have inked a pact to deploy ...
/ / Other, Renewable Energy
Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds (1)

Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds

Reliance Industries Limited (RIL) has formed Reliance New Energy Solar Limited (RNESL), investing ₹100,000 (~$1342) for 10,000 equity shares of ₹10 (~$0.13) each. In its BSE filing, the company said ...
/ / Markets & Policy, Solar
Daily News Wrap-Up_ Reliance to Invest $50M in US-Based BEV for Clean Energy Solutions

Daily News Wrap-Up: Reliance to Invest $50M in US-Based BEV for Clean Energy Solutions

Here are some noteworthy cleantech announcements of the day from around the world: Reliance has entered into a definitive agreement to invest up to $50 million in Breakthrough Energy Ventures ...
/ / Other, Renewable Energy
Odisha Removes Upper Limit of 1 MW for Net-Metered Rooftop Solar Projects

Reliance Issues EoI to Procure 145 MW of Renewable Power Under Open Access Category

Reliance Industries Limited has issued an expression of interest for the procurement of renewable energy under a short-term basis from April 1, 2019, to March 31, 2020. The company intends ...