{"id":441444,"date":"2021-10-11T12:21:28","date_gmt":"2021-10-11T06:51:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=441444"},"modified":"2021-10-11T12:21:28","modified_gmt":"2021-10-11T06:51:28","slug":"reliance-buys-rec-solar-for-771-million-statement","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-buys-rec-solar-for-771-million-statement\/","title":{"rendered":"Reliance buys REC Solar for $771 million- statement"},"content":{"rendered":"<p>Billionaire Mukesh Ambani\u2019s Reliance Industries Ltd on Sunday announced acquisition of Norway-based solar panel manufacturer REC Solar Holdings for USD 771 million as the oil-to-retail conglomerate made its first move towards creating a multi-billion-dollar clean energy portfolio to become net carbon zero by 2035.<\/p>\n<p>Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of RIL, acquired \u201c100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd for an enterprise value of USD 771 million,\u201d the firm said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mukesh Ambani\u2019s Reliance Industries Ltd on Sunday announced acquisition of Norway-based solar panel manufacturer REC Solar Holdings for USD 771 million as the oil-to-retail conglomerate made its first move towards creating a multi-billion-dollar clean energy portfolio to become net carbon zero by 2035. Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of RIL, acquired \u201c100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd for an enterprise value of USD 771 million,\u201d the firm said in a statement.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-441444","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=441444"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441444\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=441444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=441444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=441444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}