Categories
India Market

India’s Reliance unit to buy 20% stake in Caelux in renewable energy push

Sumary of India’s Reliance unit to buy 20% stake in Caelux in renewable energy push:

  • Earlier this month, Reliance said it would acquire a 79.4% stake in California-based solar energy software developer SenseHawk for $32 million.
  • Pasadena, California-based Caelux is involved in research and development of perovskite-based solar technology that could see high efficiency solar modules produce 20% more energy over the 25-year lifetime of a solar project for a lower installed cost, Reliance said in an exchange filing on Friday.

Want to know more click here go to source.