Shengcheng Photovoltaic Equipment (Suzhou) Co., Ltd (SC Solar), a unit of Chinese industrial conglomerate J.S. Corrugating Machinery, has agreed to supply PV production equipment to India’s Reliance New Energy Solar Ltd. (RNESL), a unit of Mukesh Ambani-led Reliance Industries. The total contract value is CNY 282 million.
Reliance is building a vertically integrated, silicon-to-module gigafactory at Jamnagar, Gujarat.
RNESL recently acquired a stake in Germany-based silicon wafer manufacturer NexWafe GmbH as a strategic lead investor. In October 2021, it also acquired a 100% stake in Norway-based heterojunction module manufacturer REC Group.
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