NEW DELHI : India’s Reliance Industries Ltd on Sunday announced acquisition of REC Solar Holdings for an enterprise value of $771 million from China National Bluestar (Group) Co Ltd as it seeks to become net carbon zero by 2035. The purchase of the Norwegian solar panel maker by the conglomerate’s Reliance New Energy Solar Ltd […]
Reliance Aims At 100 GW Renewable Energy By 2030, Bring Hydrogen Cost Under $1: Mukesh Ambani – EQ Mag Pro
Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen. NEW DELHI : Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted […]
Reliance Aims At 100 GW Renewable Energy By 2030, Bring Hydrogen Cost Under $1: Mukesh Ambani – EQ Mag Pro
Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen. NEW DELHI : Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted […]
Reliance Nears Deal to Acquire Solar Panel Maker REC For $1.2 Billion From ChemChina – EQ Mag Pro
Mukesh Ambani-controlled Reliance Industries (RIL) is in discussion with global banks to raise about $500-600 million in acquisition financing for the deal, while the rest will be funded via equity. New Delhi : Billionaire Mukesh Ambani-controlled Reliance Industries (RIL) is poised to acquire Norwegian solar module maker REC Group for $1-1.2 billion from China National […]
Reliance, Bill Gates, Others Invest $144 Mn in US-Based Energy Storage Firm Ambri
Massachusetts-based Ambri is commercialising a new, long-duration battery technology that will enable widespread use of renewable energy sources, reduce electricity costs, and enable power systems to operate more reliably and efficiently. Reliance Industries’ wholly-owned subsidiary Reliance New Energy Solar Ltd (RNESL), along with strategic investors Paulson & Co, Bill Gates, and others have invested $144 […]
Andhra Pradesh: Discoms Resist Move to Raise Reliance on Renewable Energy
Power distribution companies (discoms) are against any attempt to increase power generation from renewable energy sources such as solar and wind power plants. Amravati : Power distribution companies (discoms) are against any attempt to increase power generation from renewable energy sources such as solar and wind power plants. This is significant in the wake of […]
Tata vs Reliance: A Two-Front Battle — Renewable Energy And Retail
Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner With Reliance Industries chairman Mukesh Ambani announcing a $10-billion foray into green energy last month and promising to shake up the market, the after effects were not only felt across other power companies but also at […]
Reliance’s New Energy Plan Can Be Bolder
Indian oil major Reliance Industries Ltd. announced a $10 billion investment in the production of low carbon technologies. In the face of a gradually declining fossil industry, growing momentum for clean energy investment, and supporting federal incentives, RIL’s move is merely imminent. While the company’s intent to scale and integrate emerging technologies, such as green […]
Clean tech next hypergrowth opportunity for Reliance, say brokerages
HSBC said RIL should benefit from the Performance Linked Incentive (PLI) schemes that the government is rolling out for PV manufacturing and advanced energy storage plants. Reliance Industries Ltd’s focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and […]
Reliance to Invest Rs 60,000 Cr to Build Integrated Solar Photovolatic Factory, Battery Making Unit, Green Hydrogen Unit: Mukesh Ambani
Reliance to invest Rs 60,000 cr to build integrated solar photovoltaic factory, battery making unit, green hydrogen unit: Mukesh Ambani. “We are launching our new energy business with aim of bridging the green energy divide in India, globally,” Mukesh Ambani said during the event. Source: devdiscourse