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.
Risen showcases n-type solar panel with output of 700 W
The 210 mm module can reach a power output of up to 703.6 W and a power conversion efficiency of 23.08%. The result was confirmed by Germany’s TÜV SÜD.
The long read: First Solar – ‘India presents a big market opportunity for us’
Sujoy Ghosh, First Solar’s vice president for India and the Asia-Pacific region, speaks to pv magazine about the company’s plans to set up a 3.3 GW module fab in India to service the local market.
Commercial and industrial solar inverter from Havells
Noida-based electrical equipment company Havells has unveiled a 100 kW string inverter for commercial and industrial-scale solar installation. The inverter has an efficiency of 98.7%. It features ten maximum power point tracking (MPPT) inputs, with MPPT voltage ranging from 500-850 V.
Large-scale solar can cool nearby areas
An international team of scientists observed a cooling effect in a large radius around solar arrays. The cooling may have implications for local ecosystem management.
Emerging trends in the Indian solar power sector
The Indian solar power sector is undergoing a technology-backed transformation at every stage from manufacturing to installation to improve cost and performance efficiency.
Cleantech Solar secures INR 2 billion from NIIF
The Singapore-headquartered corporate solar provider, which has over 600 MWp of solar portfolio across India and Southeast Asia, shall utilize the debt funding to finance its open access solar projects in India.
Vietnamese manufacturer unveils PV module for agrivoltaics
Vietnamese manufacturer Irex has announced a new glass-glass solar panel with a power output of 265 W and a power conversion efficiency of 18.1%.
All-renewables power system with 76% solar share could halve electricity costs and drive net-zero by 2050
A power system modeling study, jointly carried out by Lappeenranta-Lahti University of Technology (LUT) and Wärtsilä, explores the feasibility of a net-zero-emissions power system in India by 2050. It shows that an all-renewables power system, when paired with flexible generation technologies (thermal balancing power plants and energy storage), can improve the affordability of electricity while ensuring the reliability of system operations.
