India's renewable energy agency, Solar Energy Corp., has offered oil-to-telecoms conglomerate Reliance Industries a 51% stake in a joint venture to supply renewable power to the latter's refineries and manufacturing plants, two sources familiar with the matter told Reuters.
Under the proposal, Solar Energy Corp. (SECI) will invite international bids for supply of renewable energy to Reliance Industries' refineries and facilities in Gujarat, the sources said.
"The renewable energy supplier to Reliance Industries will by selected through a tariff-based competitive bidding. SECI has proposed to facilitate the project management for a fee," one of the sources told Reuters on condition of anonymity since the proposal was at an early stage.
Reliance Industries and Solar Energy Corp. did not respond to emails sent by Reuters.
Recommended Reading
LS Power Acquires Engie Services, Rebrands It Opterra
2025-06-15 - Opterra joins LS Power’s existing portfolio of energy infrastructure companies providing energy efficiency and grid reliability services.
Ares to Acquire 20% Stake in Eni’s Plenitude for $2.3B
2025-06-23 - Investment manager Ares Management Corp. is acquiring a 20% stake in Eni’s Plenitude for approximately US$2.29 billion (2 billion euros).
Total Farms Down Renewable Assets in Portugal, Buys in Dominican Republic
2025-07-02 - TotalEnergies sold a 50% stake in its renewable energy portfolio in Portugal and acquired a 50% stake in the solar, wind and BESS portfolio of AES Dominicana Renewables Energy.
Baker Hughes to Sell Precision Sensors, Instrumentation Line for $1.15B
2025-06-09 - The sale of the sensors unit, which is part of part of the company’s Industrial and Energy Technology (IET) segment, was announced as Baker Hughes continues to shift capital in seek of higher returns.
EPCOR Completes Sale of Texas Gas, Transmission Business Near Houston
2025-06-03 - EPCOR USA Inc. completed the sale of its Texas gas utility and transmission business north of Houston to a subsidiary of Northwest Natural Holding Co.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.