ChemChina unit sells Europe’s top solar-panel maker to billionaire Mukesh Ambani’s Reliance Industries for US$771 million

//ChemChina unit sells Europe’s top solar-panel maker to billionaire Mukesh Ambani’s Reliance Industries for US$771 million

ChemChina unit sells Europe’s top solar-panel maker to billionaire Mukesh Ambani’s Reliance Industries for US$771 million

China’s state-controlled chemical giant is selling its entire stake in Europe’s biggest solar-panel producer to a company controlled by Asia’s richest billionaire, Mukesh Ambani, as the global race to generate clean energy heats up amid efforts to contain carbon emissions.China National Bluestar Group, a unit of China National Chemical Corp (ChemChina), has agreed to sell Oslo-based REC Solar Holdings to Reliance New Energy Solar, a wholly-owned subsidiary of Indian conglomerate Reliance…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-10-10T12:07:15+00:00 October 10th, 2021|Business|Comments Off on ChemChina unit sells Europe’s top solar-panel maker to billionaire Mukesh Ambani’s Reliance Industries for US$771 million