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RIL unveils plans for New Energy and Materials businesses

Reliance Industries Limited (RIL) recentlyunveiled its plans for the New Energy and Materials businesses by announcingthe development of Dhirubhai Ambani Green Energy Giga Complex at Jamnagar. Itwill be amongst the largest integrated renewable energy manufacturingfacilities in the world.

The four Giga Factories which will be part ofthe complex will include:

1. An integrated solar photovoltaic module factoryfor production of solar energy,

2. An advanced energy storage battery factoryfor storage of intermittent energy,

3. An electrolyser factory for production ofgreen hydrogen, and

4. A fuel cell factory for converting hydrogeninto motive and stationary power.

Due to evolving nature of Reliance’s businessportfolio, Reliance and Saudi Aramco have mutually determined that it would bebeneficial for both parties to re-evaluate the proposed investment in O2Cbusiness in light of the changed context (RIL, Saudi Aramco had signed anon-binding LoI in 2019 for a potential 20 per cent stake acquisition by SaudAramco in the O2C Business of Reliance). Consequently, the current applicationwith NCLT for segregating the O2C business from RIL is being withdrawn.


NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion

Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B   READ MORE...
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Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos   READ MORE...
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Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.

Technical services for the   READ MORE...