Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.
The Reliance Industries Ltd arm, which plans solar gigafabs in Gujarat, has raised a stake in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million).
The Delhi-based distributed solar company secured the projects under Uttar Pradesh Power Transmission Corporation Limited’s Open Access solar scheme in the State.
The decentralized solar solutions provider shall use the amount to scale up its pay-per-use, solar-powered irrigation, milling, and cooling projects for farmers and to expand its operations.
The company’s arm Tata Power Solar has landed the engineering, procurement, and construction work for a cumulative 100 MW of distributed solar capacity in Maharashtra. The awarded capacity includes multiple ground-mounted projects.
Bids are invited to set up a cumulative 147 MW of grid-interactive decentralized solar capacity in Maharashtra. The solar power generating systems, in sizes ranging from 2 MW to 10 MW (AC), shall come up at lands within or around the various substations in the State.
Solar pioneer Philip Wolfe looks at areas where solar generating stations are clustered together, without the coordination of organised solar parks.
Cell manufacturers are expected to prioritize larger customers in the automotive industry over relatively small energy storage system integrators.
Today, both Reliance and Fortescue are realizing the huge investment, employment, import replacement and export opportunities in zero emissions industries of the future, both for India and Australia. And they look to be leading the way, fully supported by global financial institutions increasingly seeking to deploy trillions of patient capital in low volatility, non-commodity price exposed zero-emissions energy sources of the future.
India headquartered multinational Reliance Industries, through its subsidiary Reliance New Energy Solar Limited, yesterday announced the acquisition of Norway headquartered module manufacturer REC Group. The move comes as Reliance pushes forward with its US$10 billion plan to move in on the renewable energy industry, having also this week announced acquisition of a 40% share in EPC provider Sterling & Wilson.
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