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Reliance buys two companies in its photo voltaic power push – Listed here are the main points

Reliance Industries, which had unveiled its big plans in the field of clean energy at its AGM earlier this 12 months, has introduced the acquisition of REC Photo voltaic Holdings AS (REC group) and Sterling & Wilson Photo voltaic. The 2 acquisitions underscore Mukesh Ambani firm’s ambitions to develop its renewable power portfolio rapidly.

At its AGM, Reliance had stated an Built-in Photo voltaic Photovoltaic Giga manufacturing unit will probably be set as much as speed up the manufacturing and deployment of photo voltaic grids. Reliance believes that it may possibly obtain a few of the lowest prices on the earth with rooftop and decentralized photo voltaic. A goal of 100 GW of energy technology by 2030 has been set.

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