{"id":524421,"date":"2022-09-23T11:14:31","date_gmt":"2022-09-23T05:44:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=524421"},"modified":"2022-09-23T12:18:52","modified_gmt":"2022-09-23T06:48:52","slug":"reliance-new-energy-acquires-20-stake-in-caelux-for-12-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-new-energy-acquires-20-stake-in-caelux-for-12-million\/","title":{"rendered":"Reliance New Energy acquires 20% stake in Caelux for $12 million"},"content":{"rendered":"<p>Reliance New Energy Limited (RNEL), a wholly owned subsidiary of Reliance Industries Ltd, on Friday signed a definitive agreement to invest in California-based Caelux Corporation. RNEL will invest $12 million to acquire a 20% stake in Caelux.<\/p>\n<p>&#8220;This investment will accelerate product and technology development for Caelux, including construction of its pilot line in the US, for expediting the commercial development of its technology,&#8221; RNEL said in a statement, adding that RNEL and Caelux have also entered into a strategic partnership agreement for technical collaboration and commercialisation of Caelux\u2019s technology.<\/p>\n<p>Caelux is an industry leader in the research and development of perovskite-based solar technology. Its proprietary technology enables high efficiency solar modules<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance New Energy Limited (RNEL), a wholly owned subsidiary of Reliance Industries Ltd, on Friday signed a definitive agreement to invest in California-based Caelux Corporation. RNEL will invest $12 million to acquire a 20% stake in Caelux. &#8220;This investment will accelerate product and technology development for Caelux, including construction of its pilot line in the US, for expediting the commercial development of its technology,&#8221; RNEL said in a statement, adding that RNEL and Caelux have also entered into a strategic partnership agreement for technical collaboration and commercialisation of Caelux\u2019s technology. Caelux is an industry leader in the research and development [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-524421","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524421","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=524421"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524421\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=524421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=524421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=524421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}