Reliance Industries complete acquisition of REC Group
India headquartered multinational Reliance Industries, through its subsidiary Reliance New Energy Solar Limited, has completed the acquisition of Norway headquartered module manufacturer REC Group.
REC Group was acquired from its previous owner China National Bluestar Group for a value of US$771 million.
Country updates
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October 25, 2021
Falck SpA divests majority stake to IIF
Falck Renewables SpA and Infrastructure Investments Fund (IIF) have reached an agreement to acquire Falck SpA’s 60% shareholding in Falck Renewables SpA, which will trigger a mandatory cash tend...
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October 12, 2021
Reliance enters agreement to acquire REC Group
Reliance New Energy Solar, a unit of Indian conglomerate Reliance Industries Ltd, has entered into an agreement with China National Bluestar Group Co Ltd, an affiliate of ChemChina, to acqui...
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October 01, 2021
Magnora to partner with Prime Capital, Troms Kraft for hydrogen-based marine fuel project in Norway
Norwegian renewable energy investor Magnora ASA is partnering with investment and asset manager Prime Capital and publicly-owned power company Troms Kraft to build a green maritime fuel project i...
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September 22, 2021
EUR315 mn refinancing achieved for 400 MW wind project in Norway
Øyfjellet Wind AS has received EUR315 million (USD369.12 million) refinancing for its 400 MW Oyfjellet onshore wind project in Norway.
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September 21, 2021
Reliance Industries nears closing of REC Group acquisition from ChemChina
Indian multinational conglomerate company Reliance Industries (RIL) is nearing closing the deal with China National Chemical Corporation (ChemChina) to acquire the Norwegian solar module man...
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