The richest man in India acquired REC Solar for US$771 million and obtained related patents

　　According to a report on October 10, Reliance New Energy Solar, a subsidiary of Mukesh Ambani, the richest man in India, announced that it had acquired 100% of the shares of REC Solar Holdings AS (REC Group) for US$771 million. Related technology patents.

　　On the same day, the company announced that it would acquire a 40% stake in the solar energy company Sterling & Wilson Solar Ltd, valued at US$372 million. According to the company’s official website, the company’s main business includes photovoltaic cells, modules, inverters, and energy storage project development.

　　If the two acquisitions are successfully completed, it will greatly promote the group to achieve the goal of 100GW solar power generation by 2030.

　　It is reported that Reliance New Energy Solar is a subsidiary of Ambani's RIL Group (Reliance Industries Ltd). Previously, RIL Group announced that it would invest US$8.1 billion in the construction of 4 new energy super factories and enter the photovoltaic and hydrogen energy fields on a large scale.

　　The acquisition of REC SOLAR is headquartered in Norway and was established in 1996. Its operational headquarters are located in Singapore, and its regional centers are located in North America, Europe, Australia and the Asia-Pacific region. The company has more than 600 technology and design patents, of which 446 have been authorized, and the rest are under evaluation. RIL plans to use REC Solar's technology in its wafer-module super-factory in Jamnagar, starting with an annual production capacity of 4GW to gradually increase to an annual production capacity of 10GW.

　　It is reported that REC Solar has a production capacity of 5000 MW in India, and its solar modules have been rigorously tested by a third party in India, with an average attenuation rate of 0.68% in 3.8 years. REC's official website claims that the company's rooftop photovoltaic modules have a working life of at least 25 years, and the temperature coefficient of its Alpha series modules is 0.26% per degree Celsius, which is very suitable for countries with higher temperatures.

　　With its advanced patented design, REC Solar's modules are suitable for commercial/industrial rooftops and some ground power stations with space constraints. This will be consistent with the plan shared by RIL at its annual shareholder meeting in June this year, that is, its 100 GW solar target is mainly focused on distributed rooftop photovoltaics and powering rural India.

　　At the beginning of August this year, Reliance New Energy Solar also invested in an energy storage technology suitable for the Indian climate. It has invested $144 million in Ambri along with Paulson, Bill Gates and other investors. It is understood that Ambri has a patented technology for a long-term energy storage system, which can work stably under a range of climatic conditions and requires less maintenance.

　　In addition, RIL also stated that it will add two more departments to cooperate with global clean energy companies. The first is the Ministry of Renewable Energy Project Management and Construction, which will help green small, medium and micro entrepreneurs deploy kilowatt-to-megawatt solutions, and the second is the Renewable Energy Project Finance Division, which will pass Create a platform to cooperate with global banks and green funds to provide these investors with long-term funding and financing solutions.

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect substitute for lead-acid batteries, and are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.

　　Solar power generation system with lithium battery energy storage system is a very promising clean energy.