Reliance Industries to buy 20% stake in solar technology developer Caelux
Reliance Industries said that its fully-owned subsidiary Reliance New Energy Limited (RNEL) has agreed to acquire a stake of 20% in Caelux Corporation, a California-based developer of perovskite-based solar technology. The consideration for the deal is $12 million. According to Reliance Industries, its investment will help Caelux expedite product and technology development. This includes the […]