{"id":524593,"date":"2022-09-24T10:17:08","date_gmt":"2022-09-24T04:47:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=524593"},"modified":"2022-09-24T11:06:11","modified_gmt":"2022-09-24T05:36:11","slug":"ril-arm-acquires-20-stake-in-solar-tech-firm-caelux-for-12-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-arm-acquires-20-stake-in-solar-tech-firm-caelux-for-12-million\/","title":{"rendered":"RIL arm acquires 20% stake in solar tech firm Caelux for $12 million"},"content":{"rendered":"<p>Reliance Industries Ltd on Friday said it has acquired a 20 per cent stake in California-based solar tech firm Caelux for USD 12 million as it strengthens its new energy manufacturing capabilities.<\/p>\n<p>Reliance New Energy Ltd, a wholly-owned subsidiary of the firm, signed definitive agreements to invest in Caelux Corporation, a Pasadena, California-headquartered company engaged in the development of perovskite-based solar technology, it said in a statement.<\/p>\n<p>The partnership is expected to help Reliance produce higher efficiency and low-cost solar modules at its gigafactory in Jamnagar, Gujarat, where an integrated photovoltaic plant is being set up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd on Friday said it has acquired a 20 per cent stake in California-based solar tech firm Caelux for USD 12 million as it strengthens its new energy manufacturing capabilities. Reliance New Energy Ltd, a wholly-owned subsidiary of the firm, signed definitive agreements to invest in Caelux Corporation, a Pasadena, California-headquartered company engaged in the development of perovskite-based solar technology, it said in a statement. The partnership is expected to help Reliance produce higher efficiency and low-cost solar modules at its gigafactory in Jamnagar, Gujarat, where an integrated photovoltaic plant is being set up.<\/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],"tags":[],"class_list":["post-524593","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524593","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=524593"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524593\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=524593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=524593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=524593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}