The Big Solar Purchase. India’s Reliance Industries has acquired REC for $771million. REC, the module manufacturer, that has made strides to be a leading premium provider in the US market will grow its manufacturing operations across the globe including new factories in the US, France and India as well as expansion in Singapore. This is an exciting transition story for Reliance as well and a nice footprint addition for domestic manufacturing. I’m a big fan of the US team that REC has and wish them all the success possible in the future.
- PV-Tech: Reliance buys REC Group, plans to support new module facilities in France and US
- Canary Media: California’s biggest all-electric utility has a plan to meet the state’s tough 2030 carbon targets
- Reuters: Regulatory and practical keys to achieving a solar future
- Utility Dive: A century later, utilities still face billions in potential liabilities from obsolete manufactured gas plants
- Bloomberg: Biggest Saudi IPO Since Aramco Jumps 30% on Trading Debut
- Axios: Oil and gas producers are still holding back
- RMI: Growing Gigawatts of Green Hydrogen
- PV-Magazine: In California and Hawaii, the benefits of smart inverters are just beginning
Opinion
Best, Yann