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Aramco intends to invest in Reliance Industrial New Energy Company

 Last Update: 2022-01-08
 Source: Internet
 Author: User

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Recently, the Indian media announced that Saudi Aramco plans to invest in the clean energy sector of India’s Reliance Industries
.

It is reported that Aramco and several financial investment institutions have initially expressed their interest in investing in Reliance New Energy Solar Co.

Reliance Industries said in November that both the company and Aramco agreed to shelve Aramco’s plan to acquire a 20% stake in Reliance’s petrochemical business
.

In 2020, Reliance Industries pledged to achieve net zero carbon emissions by 2035

RNESL, a subsidiary of Reliance Industries, is investing in clean energy in Europe
.

The company decided in October to acquire German photovoltaic solar wafer manufacturer NexWafe, and cooperated with Denmark's Stiesdal to manufacture hydrogen electrolyzers in India

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