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.
Renewables system with 76% share of PV could halve Indian electricity costs by 2050
A new study by Lappeenranta-Lahti University of Technology and Wärtsilä explores the feasibility of a net-zero power system in India by 2050. It shows that an all-renewables system paired with flexible generation tech could improve the affordability of electricity, while ensuring the reliability of system operations.
Emmvee sets up 3 GW solar cell and module factory in India
Planned to be located in Dobaspet, Karnataka, the manufacturing facility will be Emmvee’s second solar factory in the Indian State.
Indian manufacturer unveils 375-410 W half-cut modules with 20.4% efficiency
Pixon Energy has launched mono PERC half-cut-cell modules with output capacities ranging from 375 Wp to 410 Wp. The five-busbar modules can be used in all types of PV installations, including off-grid, residential, commercial and industrial, and utility-scale projects.
Sunways talks new PV inverter products, manufacturing plans, and strategic direction
In the following interview, pv magazine’s China correspondent Vincent Shaw talks to Li Kui, Vice President, Global Sales and Marketing at Sunways about the PV inverter products it will unveil at this year’s Intersolar Europe, inverter trends, and the plans it has for 2022.
Rate of Indian commercial and industrial solar installation fell 34% in the second quarter
The nation’s C&I solar segment saw just 332 MW of generation capacity added in April-to-June, compared to 501 MW in the first three months of the year, as lockdowns in multiple states slowed installation activity.
Adani concludes India’s largest renewables M&A transaction
Adani Green Energy has completed the acquisition of 5 GW of solar and wind assets from SB Energy India for $3.5 billion, marking the largest renewables M&A deal in the country. The acquisition swells Adani’s operational capacity by 46%.
Scaling finance could drive rooftop solar for small, mid-sized enterprises
Rooftop solar growth in India has largely been driven by a few big, creditworthy organizations in the commercial and industrial sector. However, if accessible financing options are made available, growth can also be replicated in micro, small and medium-sized enterprises, according to a new report.
