{"id":524324,"date":"2022-09-23T11:01:50","date_gmt":"2022-09-23T05:31:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=524324"},"modified":"2022-09-23T11:02:03","modified_gmt":"2022-09-23T05:32:03","slug":"reliance-unit-to-buy-20-stake-in-caelux-in-renewable-energy-push","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-unit-to-buy-20-stake-in-caelux-in-renewable-energy-push\/","title":{"rendered":"Reliance unit to buy 20% stake in Caelux in renewable energy push"},"content":{"rendered":"<p>BENGALURU: Indian oil-to-chemicals conglomerate Reliance Industries Ltd said its unit Reliance New Energy Ltd would buy a 20% stake for $12 million in solar technology developer Caelux Corp to produce more powerful and lower cost solar modules.<\/p>\n<p>Pasadena, California-based Caelux is involved in research and development of perovskite-based solar technology that could see high efficiency solar modules produce 20% more energy over the 25-year lifetime of a solar project for a lower installed cost, Reliance said in an exchange filing on Friday.<\/p>\n<p>The stake purchase is part of the billionaire Mukesh Ambani-led conglomerate&#8217;s aggressive push into the renewable energy sector, with aims of producing 100 GW of solar energy by 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: Indian oil-to-chemicals conglomerate Reliance Industries Ltd said its unit Reliance New Energy Ltd would buy a 20% stake for $12 million in solar technology developer Caelux Corp to produce more powerful and lower cost solar modules. Pasadena, California-based Caelux is involved in research and development of perovskite-based solar technology that could see high efficiency solar modules produce 20% more energy over the 25-year lifetime of a solar project for a lower installed cost, Reliance said in an exchange filing on Friday. The stake purchase is part of the billionaire Mukesh Ambani-led conglomerate&#8217;s aggressive push into the renewable energy sector, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-524324","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524324","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=524324"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524324\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=524324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=524324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=524324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}