Strategic Alliances

The electrical contacts manufacturer will join hands with battery storage firm RENERA and EV charger manufacturer L-Charge for its business expansion into these segments.

The International Solar Alliance is an international intergovernmental treaty-based organization headquartered in India that aims to reduce the cost of solar technology and mobilize finance to accelerate solar adoption in its member countries. 

The advisory committee will guide the International Solar Alliance on meeting its objective of mobilizing US$ 1 trillion investment in solar energy by 2030. Committee members include representatives from leading institutional investor like Africa50, CDPQ Global, IFC, the Development Bank of Southern Africa, Capricorn Investment Group, and Temasek.

Funding avenues available to solar developers range from green bonds and multilateral development bank loans to infrastructure investment trusts.

The International Solar Alliance (ISA), which aims to mobilize more than $1 trillion of solar power investment by 2030 in its member countries, expanded its scope of work by launching programs on solar panel and battery waste management and solar-powered hydrogen production in its fourth assembly held recently.

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.  

The Reliance Industries Ltd arm, which plans solar gigafabs in Gujarat, has raised a stake in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million). 

Today, both Reliance and Fortescue are realizing the huge investment, employment, import replacement and export opportunities in zero emissions industries of the future, both for India and Australia. And they look to be leading the way, fully supported by global financial institutions increasingly seeking to deploy trillions of patient capital in low volatility, non-commodity price exposed zero-emissions energy sources of the future.

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.

Magenta, in collaboration with State power discom BSES, will deploy innovative EV charging solutions in the discom’s service area in Delhi. It will undertake the installation, operations and maintenance of EV charging solutions under the ChargeGrid brand.