In a $711 million deal, Reliance Industries buys the Norwegian solar panel giant REC

Reliance Industries, an Indian conglomerate, is increasing its green energy goals with the $771 million purchase of REC Solar Holdings, a Norwegian solar panel producer, as part of its goal of 100 gigawatts of sustainable energy by 2030. Over the weekend, Reliance announced that it has reached an agreement with China National Bluestar to buy… Continue reading In a $711 million deal, Reliance Industries buys the Norwegian solar panel giant REC

In Spain, Iberdrola has halted investments in several renewable energy projects

Following the implementation of new rules in Spain that restrict the profitability of the┬ánon-emitting power plants, Iberdrola has stopped tenders for products and services related to the development of renewables projects. The company, which is currently building over 1.8GW of the┬ásolar PV and wind fields in Spain, sent messages to its vendors this week advising… Continue reading In Spain, Iberdrola has halted investments in several renewable energy projects