Deals Counterparts

Reliance New Energy Solar Limited

company

Reliance New Energy Solar Limited (RNESL) is a subsidiary of Reliance Industries Limited, spearheading its ambitious foray into the new energy sector. RNESL focuses on building an integrated green energy ecosystem, encompassing manufacturing of solar PV, battery storage, and green hydrogen technologies, alongside project development and strategic investments in cutting-edge clean energy companies globally.

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Founded 2021 Parent: Reliance Industries Limited
Renewable Energy DeveloperDeveloperOEM/EquipmentInvestor

Strategic Overview

  • Reliance New Energy Solar Limited is central to Reliance Industries' strategy to achieve net carbon zero by 2035.
  • The company aims for vertical integration across the entire green energy value chain, from manufacturing components to project development and operations.
  • Focus on establishing giga-factories in India for solar PV, battery storage, and green hydrogen to build a comprehensive domestic ecosystem.
  • Pursues strategic partnerships and acquisitions globally to access advanced technologies and expand its capabilities.

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Key People

Anant Ambani
Director, Reliance New Energy Limited

Track Record

6
Deals Completed
3
Years Active
Notable projects: Dhirubhai Ambani Green Energy Giga Complex (Jamnagar, India)

Detailed Analysis

Technologies
Solar PVBattery StorageGreen HydrogenDigital/Software
Sectors
Energy TransitionUtilities
Geographies
IndiaNorwaySingaporeChinaUSAGermanyDenmark
Deal Stage
GreenfieldBrownfieldOperating
Deal Structure
AcquisitionStrategic InvestmentPartnership

Subsidiaries

REC Solar Holdings ASSterling and Wilson Renewable Energy Limited (SWREL)Ambri Inc. (minority stake)NexWafe GmbH (minority stake)SenseHawkCaelux Corporation (minority stake)

Portfolio Companies

REC Solar Holdings AS — Solar PVSterling and Wilson Renewable Energy Limited (SWREL) — Renewables EPCAmbri Inc. — Battery StorageNexWafe GmbH — Solar PVSenseHawk — Digital/Software (Solar)Caelux Corporation — Solar PV

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