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Innovative and award-winning solar panel manufacturer REC Group has been acquired by Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance Industries Ltd. This change of ownership will allow REC to fast track
Building Certas Energy''s commercial solar installation capabilities. The acquisition of Centreco not only accelerates Certas Energy''s renewable energy ambitions but signals a significant milestone on its roadmap
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Reliance New Energy Solar Limited (RNESL), a subsidiary of India-based holding company Reliance Industries Limited (RIL), has acquired a complete stake in solar cell and panel manufacturer REC Solar Holdings
EDF aims to build a ''whole house'' net zero offering combining solar, battery energy storage systems (BESS), electric vehicle (EV) chargepoints and heat pumps. Image: Nottingham City Council. Energy supplier EDF today
Britain''s EDF has acquired the Chorley-based solar panel and battery installer Contact Solar as part of its strategy towards net zero. With the acquisition, energy supplier EDF is positioning itself to meet the expected take
REC Group, an international pioneering solar energy company headquartered in Norway, today announces Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed a definitive binding agreement to acquire 100% shareholding of the largest European solar panel brand.
Reliance New Energy Solar Limited (RNESL), a subsidiary of India-based holding company Reliance Industries Limited (RIL), has acquired a complete stake in solar cell and panel manufacturer REC Solar Holdings (REC Group). The company acquired REC Group from China National Bluestar for $771m.
Founded in 1996 in Norway, REC has always been committed to a low carbon footprint in its solar materials and panels. REC is headquartered in Norway with operational headquarters in Singapore and regional hubs in North America, Europe, and Asia-Pacific.
Tom Taylor, Director at Contact Solar, said: "We are delighted that EDF has chosen to acquire Contact Solar. We’ve experienced exponential growth in recent years thanks to the extraordinary competencies of our highly skilled workforce, who are incredibly passionate and dedicated.
In India, Reliance plans to use this industry leading technology in their fully integrated, metallic Silicon to PV Panel manufacturing giga factory at Dhirubhai Ambani Green Energy Giga Complex, Jamnagar initially starting with 4 GW per annum capacity and eventually growing to 10 GW per annum.
“Together with our other recent investments, Reliance is now ready to set up a global scale integrated Photovoltaic Giga factory and make India a manufacturing hub for lowest cost and highest efficiency solar panels.
