Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home News

Norwegian REC Group Becomes Part of Reliance Industries Ltd.

Urja Daily by Urja Daily
October 11, 2021
in News, Solar
Reading Time: 3 mins read
0
REC_Group_Alpha
Share on FacebookShare on TwitterShare on Linkedin

MUNICH, Germany – 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. REC Group (REC) welcomes the decision as this will allow a significant acceleration of the company’s expansion plans.

Over its 25-year history, REC has consistently set new standards and introduced numerous innovations in the solar PV industry. This deal is therefore a perfect fit for the two strong brands with big ambitions to speed up the energy transition for a cleaner future. REC’s production capacity has limited the company in serving more customers in more markets which demand its cutting-edge high-quality products. This new ownership will allow REC to rapidly boost its scale and better serve its increasing customer base and end consumers.

RELATED POSTS

Vikram Solar Bags 336 MW Module Supply Order from L&T for Khavda Project

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

With Reliance’s financial strength and commitment to solar, REC will grow to over 5 GW of capacity within the next 2 to 3 years in Singapore, Europe and USA. 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. The combination of high-efficiency solar panels and economies of scale will allow consumers in more markets around the globe to access REC’s premium solar panels and benefit from highly competitive electricity costs per kWh while actively reducing carbon emissions. As part of the Reliance family, REC and Reliance will accelerate their joint mission to empower people around the globe with clean and affordable solar energy.

Headquartered in Mumbai, India, Reliance is India’s largest private sector company, with a consolidated turnover of INR 539,238 crore ($73.8 billion), cash profit of INR 79,828 crore ($10.9 billion), and net profit of INR 53,739 crore ($7.4 billion) for the year ended March 31, 2021. Reliance’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.

Founded and headquartered in 1996 in Oslo, Norway, REC has grown to become a credible advocate for the global energy transition and green economy by strongly focusing on highly innovative solar technology. Among REC’s key innovations are the award-winning split cell and junction box technology in a patented twin panel design as well as the lead-free and RoHS-compliant REC Alpha Pure solar panel, based on the advanced heterojunction cell technology. By providing high power density solar panels with a reliable long-term performance and a comprehensive warranty, REC makes it easy for homeowners and businesses to benefit from significant savings on electricity costs and carbon emissions. REC’s advanced manufacturing techniques and its low carbon footprint silicon production in Norway allows consumers to even further minimize their personal environmental footprint.

LW44 is acting as the exclusive financial advisor and Fangda Partners and Baker McKenzie as legal advisors to REC and China National Bluestar (Group) Co in this transaction.

For global inquiries please contact:

Agnieszka Schulze

Head of Global PR, REC Group

Tel.: +49 89 4 42 38 59 39

E-mail: agnieszka.schulze@recgroup.com

REC Solar EMEA GmbH

Balanstr. 71a

81541 Munich, Germany

Managing Director: Cemil Seber

Court of Registration: Munich HRB 180306

VAT ID-No: DE266243545

Tags: EnergyREC GroupReliancesolarSolar Energy
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Vikram Solar

Vikram Solar Bags 336 MW Module Supply Order from L&T for Khavda Project

by Palak
September 8, 2025
0

Kolkata – Vikram Solar has announced a major order win of 336 MW high-efficiency solar modules from L&T Construction. These...

Shweta Solar

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

by Palak
September 5, 2025
0

New Delhi : Shweta Solar Pvt. Ltd. (Shweta Solar) is all set to launch a new 1.2 GW solar module manufacturing...

Hype Studio Partners

The Hype Studio Partners with Kaydence Media Ventures to Boost Advocacy and PR Leadership

by Palak
September 4, 2025
0

New Delhi – The Hype Studio, an elite communications and PR consultancy known for its tailored, insight-driven strategies, today announced...

Zaggle and Standard Chartered Partner to Revolutionize Corporate Spend Management

by Palak
September 4, 2025
0

Mumbai, Maharashtra, India - Zaggle Prepaid Ocean Services Limited (Zaggle) announced a partnership with Standard Chartered Bank. Under the partnership,...

JSW Energy

JSW Steel Awards Repeat 220kV Cable Project to Sharika Enterprises at Dolvi

by Palak
September 3, 2025
0

New Delhi : Sharika Enterprises Limited (SEL) has announced that it has secured a repeat order from JSW Steel Limited for...

Next Post
Sungrow Power Cooled Energy Storage

Sungrow Showcased Latest Residential PV and Storage Solutions

Rock Tech Lithium Inc--Drive for e-batteries

Europe's First Lithium Hydroxide Converter To Be Built in Brandenburg

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Mr. Raman Bhatia with Jerry Nie Sino Zhuhai Piwin New Energy Co., Ltd

Servotech Renewable Power Partners with Zhuhai Piwin New Energy in Exclusive Deal

September 8, 2025
Vikram Solar

Vikram Solar Bags 336 MW Module Supply Order from L&T for Khavda Project

September 8, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Servotech Renewable Power Partners with Zhuhai Piwin New Energy in Exclusive Deal

Vikram Solar Bags 336 MW Module Supply Order from L&T for Khavda Project

What Are the Latest Technological Innovations in Fuel Cell Vehicles?

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

Transmission Lines: Myths, Facts, and Why They Matter for Powering India’s Future

UAE Energy Undersecretary Visits Tellus Power Globe Holding’s Hong Kong Office

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved