The China Effect- 5 Global Solar Manufacturing Plans Hit By The Solar Price Slump

As the call for clean energy grows, solar plants and plans to manufacture solar equipment have garnered the limelight across the world. But the recent trend of dropping prices, thanks largely to the massive production glut in China, has put paid to many such plans. This oversupply across the solar supply chain, that started first […]

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Reliance Backed Wafer Manufacturing StartUp NexWafe Plans 6GW US Manufacturing Plant

German solar startup NexWafe GmbH, which counts India’s Reliance among its key investors, is considering a major expansion in the US with 6 GW of solar wafer manufacturing capacity there. Towards this end, NexWafe GmbH has established a U.S. subsidiary to evaluate the development of multi-gigawatt-scale solar wafer production in the U.S. with an initial […]

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Decoding The Reliance Gambit In Renewable Energy

It All Started in 2017 It was on the firm’s 40th anniversary celebrations in 2017 that Mukesh Ambani, Chairman, Reliance Industries first asked the rhetorical question, “Can Reliance become a clean energy company?”. “Why Not?”, he answered it himself at the time, without getting into any further details. Almost three years later, at the firm’s […]

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Reliance Adds NexWafe In Strategic Bets with EUR 25 million Investment

Reliance Solar Energy Limited (RSEL), the subsidiary fronting renewable energy investments from Reliance Industries, has entered into an agreement with Germany-based NexWafe GmbH (NexWafe) for acquiring 86,887 series C preferred shares of face value of EUR 1 each. RSEL will also be issued 36,201 warrants which are exercisable for a consideration of EUR 1 per […]

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NexWafe Lands €10 Mn Funding Round, Aims to Cut Solar Production Costs by 30%

High-efficiency monocrystalline silicon wafer manufacturer gears up for commercialization of its wafer technology, adds veteran VC to corporate board NexWafe GmbH, today announced completion of a €10 million capital raise with participation from both existing and new shareholders. Pioneers of in-line epitaxy for production of high-efficiency monocrystalline silicon wafers, NexWafe’s EpiWafers provide solar panel manufacturers […]

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