Mukesh Ambani will now buy stake in this American company!
The two richest businessmen in the country have collided. The competition going on between the world’s third richest person, Gautam Adani and chairman of Reliance Industries, and India’s second richest person Mukesh Ambani is clearly visible in the green energy sector. He has geared up for the green energy sector.
Now Reliance new energy limited, a pre-owned company of Mukesh Ambani’s company, Reliance Industries Limited, has announced to invest in us based Caelux corporation. Reliance Industries Limited will buy a 20% stake in Caelux, which will develop next-generation solar technology. For this, reliance new energy will invest $ 1.2 million dollars i.e. about 100 crores.
This is expected to strengthen the company in advance sixteen cell technology, as well as help it gain a foothold in the worldwide market apart from America, which will prove to be helpful in strengthening its hold on the green energy segment in the coming times. For this, every strategic partnership agreement has been signed.
Actually, caelux is known for perovskite base technology. Perovskite is a semiconductor. Which is used to transport electric charge. Researchers say that it can also be used as a replacement for thin-film solar cells. Caelux manufactures high-efficiency solar modules that can produce 20% more energy.
The company’s sixteen projects make technology capable of generating electricity for 25 years and its cost is also very low. In the coming time, plans are also being made regarding reliance. Reliance is setting up a world-level integrated photovoltaic Giga factory in Jamnagar, Gujarat. With this investment, Reliance will be able to take advantage of Caelux products and produce more powerful and cost-effective solar modules.
This deal will not require the approval of any regulator. It is expected that this deal can be completed by the end of September 2022. Mukesh Ambani, Chairman, and MD of Reliance Industries Limited said about this investment. Investing in Caelux is in line with our strategy of creating a world-class green energy manufacturing ecosystem. We believe that caelux’s perovskite-based solar technology and crystalline solar modules will help us take us to the next stage. We will work with caelux to accelerate its product development and commercialization of its technology.
At the same time, Scott Graybeal, CEO of caelux corporation, said that we would focus on making the crystalline solar module more efficient and expanding our manufacturing capabilities. We support Reliance’s global expansion plans and product roadmap. Let us tell you that in the 46th AGM from Reliance Industries, information was given to invest Rs75000 crores in the new energy sector. Reliance wants to achieve the capacity to produce sixteen energy of 20 gigawatts by the year 2025.
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