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Nexwafe closes financing round with €32 million

Innovative solar wafer company Nexwafe has closed its latest financing round with €32 million. The round was lead by the Indian group Reliance, which contributed €25 million to the round. The Freiburg-based wafer manufacturer intends to use the funds to drive forward the production and commercialization of its kerfless PV wafers.

Indian coal company seeking consultant for 250 MW floating solar project

Singareni Collieries Company Ltd., a state-owned Indian coal miner, has opened bids from project management consultants for a 250 MWp (DC) floating solar power plant it is developing. It will make a selection through domestic competitive bidding, followed by a reverse auction.

NITI Aayog releases geospatial energy map of India

NITI Aayog has released a new map that attempts to identify all primary and secondary sources of energy and their transport/transmission networks to provide a comprehensive view of energy production and distribution in India. 

SECI invites proposals for 1 GWh of battery energy storage systems

Solar Energy Corp. of India has released draft guidelines for a tender to set up standalone battery energy storage systems in India.

Reliance Industries to invest $29 million in Nexwafe

Reliance New Energy Solar, a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, which is planning a huge manufacturing venture in Gujarat, India, has led a series C financing round in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million). This marks the third major investment in renewables announced by the Indian multinational this week.

Danish electrolyzer firm Stiesdal next in Reliance’s new energy plans

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.

India: Tata Power secures 100 MW distributed solar order from EESL

Tata Power Solar has landed the engineering, procurement, and construction work for 100 MW of distributed solar capacity in India’s Maharashtra. The awarded capacity includes multiple ground-mounted projects.

Reliance Industries acquires 100% stake in REC Group, plans new manufacturing bases

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.


Reliance Industries’ new energy arm to acquire 40% stake in Sterling and Wilson Solar

The acquisition gives Reliance New Energy Solar access to Sterling and Wilson Solar’s PV plant engineering and project management skills as it aspires to become a global leader in green energy based on the latest and most cost-competitive technologies and development capabilities.

Purchasing modules in 2022 – What should be in your purchase contract?

Join this pv magazine Webinar for a discussion about what elements should be placed into a purchase agreement, from adequate quality requirements to emerging supply chain requirements, and what support you can get from an accredited inspection body to ensure high quality PV module manufacturing and delivery.

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