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Billionaire Mukesh Ambani Reliance Industries Has Invested In German Solar Wafer Maker Nexwafe

PTI, New Delhi

Published by: Dimple Aladhi
Updated Wed, 13 Oct 2021 03:11 PM IST

Summary

According to Reliance Industries Limited, the investment in Nexwaffe of Germany has been made as part of a strategic partnership for the Indian market.

Reliance Industries Limited (RIL) has made a big deal in the field of energy. Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited, has announced significant partnerships. Reliance New Energy Solar Limited said that it will invest 25 million euros or 25 million euros in NexWaf of Germany. In addition, the company also announced a strategic partnership with Denmark’s Stiesdal. Steasdall develops technologies for climate change.

Nexwaf manufactures monocrystalline silicon wafers
In this context, RNESL said that it will buy 86,887 Series-C preferred shares of Nexsafe at the rate of EUR 287.73 per share. 36,201 warrants will also be issued to RNESL at the rate of one Euro. It is known that Nexwave manufactures monocrystalline silicon wafers used in semiconductors. Semiconductors are employed in all kinds of electronic devices.

RIL believes in being at the forefront of technologies: Mukesh Ambani
In the matter, Reliance Chairman Mukesh Ambani said that, ‘Reliance has always believed in being at the fore in the field of technologies. Our partnership with Nexsafe once again testifies that we are embarking on an ambitious mission to meet the affordable green energy needs of India’s rapidly growing economy. Our investment in Nexsafe is an important step towards establishing India as a global leader in photovoltaic manufacturing.

Also partnered with Steasdall
Also Reliance said that Reliance New Energy Solar Limited has partnered with Danish company Steesdal to develop and manufacture hydrogen electrolysers. The agreement was recently signed during the visit of Danish Prime Minister Mette Fredriksen to India.

Expansion

Reliance Industries Limited (RIL) has made a big deal in the field of energy. Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited, has announced significant partnerships. Reliance New Energy Solar Limited said that it will invest 25 million euros or 25 million euros in NexWaf of Germany. In addition, the company also announced a strategic partnership with Denmark’s Stiesdal. Steasdall develops technologies for climate change.

Nexwaf manufactures monocrystalline silicon wafers

In this context, RNESL said that it will buy 86,887 Series-C preferred shares of Nexsafe at the rate of EUR 287.73 per share. 36,201 warrants will also be issued to RNESL at the rate of one Euro. It is known that Nexwave manufactures monocrystalline silicon wafers used in semiconductors. Semiconductors are employed in all kinds of electronic devices.

RIL believes in being at the forefront of technologies: Mukesh Ambani

In the matter, Reliance Chairman Mukesh Ambani said that, ‘Reliance has always believed in being at the fore in the field of technologies. Our partnership with Nexsafe once again testifies that we are embarking on an ambitious mission to meet the affordable green energy needs of India’s rapidly growing economy. Our investment in Nexsafe is an important step towards establishing India as a global leader in photovoltaic manufacturing.

Also partnered with Steasdall

Also Reliance said that Reliance New Energy Solar Limited has partnered with Danish company Steesdal to develop and manufacture hydrogen electrolysers. The agreement was recently signed during the visit of Danish Prime Minister Mette Fredriksen to India.

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