Reliance Industries acquires solar cells manufacturer REC Group for $771m
Reliance New Energy Solar Ltd. (RNESL), a fully-owned subsidiary of Reliance Industries, has acquired REC Solar Holdings AS (REC Group) from China National Bluestar Group for $771 million. REC Group, which is based in Norway, is a solar cells/panels and polysilicon manufacturing company. It has an operational headquarters in Singapore, as well as regional hubs […]