Reliance invests $29 mn into Germany’s NexWafe. 4th strategic move in renewable space

Reliance’s solar unit Reliance New Energy Solar Ltd (RNESL) will buy preferred shares of German firm NexWafe worth 25 million euros ($28.82 million). NexWafe is developing and producing monocrystalline silicon wafers grown directly from inexpensive raw materials, going directly from the gas phase to finished wafers. This is expected to give solar manufacturers a significant … Read more

Government may defer duty on solar gear imports, extend project deadlines

The government is mulling delaying the imposition of customs duty on imported solar equipment or allowing extension of deadline for completion of domestic solar projects which are facing supply uncertainties from vendors in China, power and renewable energy minister RK Singh told ET. “We have received a demand saying there is this problem (Chinese companies … Read more

Elon Musk expects Tesla to lead the solar market soon

Elon Musk expects Tesla to lead the solar market after a ‘better’ integration of two key teams. The company was heavily focused on building and producing Model 3 cars but can now turn more attention to solar, Musk said. Visit Business Insider’s homepage for more stories. Elon Musk, CEO of Tesla, believes that the electric … Read more