Reliance Industries Limited (RIL) announced on Monday that it has signed an agreement with California-based solar energy software developer SenseHawk to acquire a majority stake in the company. The deal is worth $32 million (roughly Rs. 260 crore), “including funding for future growth, commercial rollout of products, and R&D.” Reliance expects to complete the takeover by the end of this year. This deal is seemingly in line with the conglomerate’s aggressive push for renewable energy. SenseHawk has reportedly assisted 15 in adopting new technology for their over 600 sites and assets totalling over 100GW.
