News > Reliance Acquires Norway-Headquartered REC Group For $771 Million In Mega Solar Energy Push

Reliance Acquires Norway-Headquartered REC Group For $771 Million In Mega Solar Energy Push

News18 | 10/10/2021 04:31 PM | Click to read full article

Reliance Industries Limited (RIL) on Sunday acquired Norwegian-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of US$ 771 million (around Rs 5,800 crore) from China National Bluestar. REC Group is a leading international solar energy company for pioneering innovations.

It is known for its high-efficiency, long-life solar cells and panels for clean and affordable solar power.