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Reliance buys Norway's REC Solar Holdings from China's Bluestar for $771 mn

This is the first major renewable energy deal, where an equipment manufacturing facility has been acquired

Topics
RIL | Reliance Industries | solar

Twesh Mishra  |  New Delhi 



Reliance Industries, RIL
Photo: Shutterstock

Mukesh Ambani-controlled Reliance New Energy Solar, a wholly owned subsidiary of (RIL), has acquired REC Holdings (REC Group) from China National Bluestar (Group) Co. An statement said the transaction is for an enterprise value of $771 million.

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First Published: Sun, October 10 2021. 15:04 IST

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