RIL invests 25-M euros in German solar wafer co NexWafe

Publicly listed Reliance Industries, through its unit Reliance New Energy Solar Ltd (RNESL), has invested 25 million euros (about USD 29 million) in German "green solar wafers" technology company NexWafe GmbH as part of a Series C financing round. NexWafe is developing and producing monocrystalline silicon wafers, also called green solar wafers, which are cost effective. RNESL has also signed a memorandum of understanding with Danish company Stiesdal A/S with the aim to partner and cooperate on the completion, development, and subsequent manufacturing in India of hydrogen electrolysers, which is being developed by Stiesdal. Steisdal will grant a technology license to RNESL for this purpose.