RIL's new Acquisition in Renewable energy space

 

New day new Acquisition…

RIL to acquire a 79.4% stake in SenseHawk, a company that digitizes and helps solar equipment and sites.

Acquiring at $32 million including research, Development of products, and future growth.

SenseHawk helps in process automation, defect identification, yield improvements, cost reduction, and data management throughout the solar lifecycle.

Acquiring this will help to bring down the cost which is required to manage solar assets and sites with more efficiently and at a minimal cost.

Surely this shows that Mukesh Ambani is building an eco-system that will integrate the entire renewable energy front.

Now RIL’s almost 60% revenue comes from Petroleum and petrochemicals, in future which will be replaced by Renewable energy in a big way as now RIL imports crude oil but renewable energy will be an in-house generation with its solar plants so it will be a future cash-cow for RIL.

This company already assisted over 140 customers in different countries and 600 solar plants.

If we look into the recent RIL acquisition in renewable energy space shows why this will be a front-face of RIL in coming years.

•  Acquired NexWafe GmbH for 25 million euros.
•  Acquired Norway’s REC solar holdings for $771 million.  
•  RIL acquired a 40% stake in Sterling and Wilson solar.
•  In April RIL agreed to purchase 8 high-efficiency production lines for heterojunction cells (HJT), with each 600 MW capacity, to produce 4.8 GW of HJT cells annually.

RIL is on its way to create a Renewable Energy giant with its new plans to build 4 new giga factories  next to its refinery in Gujarat.