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Asia's Richest Man Boosts Green Energy Push With Two More Deals – Bloomberg


Reliance Industries Ltd. will buy a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolyzers in India, as Mukesh Ambani’s oil-to retail conglomerate pivots to green energy.

Reliance New Energy Solar Ltd. agreed to acquire NexWafe GmbH for 25 million euros ($28.8 million), the Indian group told the exchanges late Tuesday. It will also license Stiesdal A/S’s technology for the hydrolyzers, it said in a separate statement. 

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