RIL invests in German solar wafer company NexWafe, signs pact with Danish hydrogen electrolyser firm Stiesdal
Reliance Industries, through its unit Reliance New Energy Solar Ltd (RNESL), has invested in German “green solar wafers” technology company NexWafe GmbH (NexWafe), and signed a pact with Danish company Stiesdal A/S for hydrogen electrolyser, as part of a strategy to expand its clean energy portfolio through partnerships.
Late on Tuesday, RIL NSE 0.12 % said it had invested 25 million euros in a Series C financing round in NexWafe. The investment makes RIL a strategic lead investor in the company, which is developing and producing monocrystalline silicon wafers, also called green solar wafers, which are cost effective.
