Reliance New Energy to buy 20% stake in US-based Caelux for $12 million

two companies had come into planned partnership for technical collaboration and commercialisation of technology

[{"selector":"#anim-7b919dfa-8910-44b9-af20-9e572a7ddcec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Reliance new energy cliarifies that on 23 september to invest 12 million dollar

[{"selector":"#anim-eaa664a4-5366-42bb-8e96-ec24deb185b5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

in US based Caelux to get 20% share in their company.

[{"selector":"#anim-a7722fc6-8a06-4f79-9d79-b8a45d74a2cc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Caelux is the major company involved in development of perovskite based solar energy

[{"selector":"#anim-dbbc01bf-f185-4627-bd9c-d26b286fbcc3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

reliance investment in this company is for getting advanced green energy manufacturing eco system

[{"selector":"#anim-b4e8a227-7e94-417e-aa4a-574ebd9f8394 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

caelux will provide future technology to reliance in crystalline solar modules.

[{"selector":"#anim-b637db81-847e-48ae-8d8b-8d33c21a86d8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

reliance is setting up a global integrated photovoltaic giga factory at jamnagar

[{"selector":"#anim-5cee1cc3-8b8f-44d4-b031-619981938093 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.251844995467394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

now reliance will be able to produce more and cost effective solar modules.

[{"selector":"#anim-9b8937d0-1075-417c-8ad0-806be8a8fe4c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

transaction for acquiring will be completed in the end of september 2022

[{"selector":"#anim-86eea8da-1fea-4048-93e2-d630dfb18612 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]