<p>Reliance Industries said late on Monday it would acquire a 79.4 per cent stake in California-based solar energy software developer SenseHawk for $32 million.</p>.<p>The stake purchase is part of the oil-to-chemicals conglomerate's aggressive push into the renewable energy sector, with aims to produce 100 GW of solar energy by 2030.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/reliances-fourth-investment-cycle-of-50-billion-to-double-earnings-report-1142355.html" target="_blank">Reliance's fourth investment cycle of $50 billion to double earnings: Report</a></strong></p>.<p>SenseHawk develops tools for the solar industry to help companies streamline processes and use automation. The company, founded in 2018, generated $2.3 million in turnover in its financial year 2022.</p>.<p>Reliance said it expected to complete the acquisition by the end of the year.</p>
<p>Reliance Industries said late on Monday it would acquire a 79.4 per cent stake in California-based solar energy software developer SenseHawk for $32 million.</p>.<p>The stake purchase is part of the oil-to-chemicals conglomerate's aggressive push into the renewable energy sector, with aims to produce 100 GW of solar energy by 2030.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/reliances-fourth-investment-cycle-of-50-billion-to-double-earnings-report-1142355.html" target="_blank">Reliance's fourth investment cycle of $50 billion to double earnings: Report</a></strong></p>.<p>SenseHawk develops tools for the solar industry to help companies streamline processes and use automation. The company, founded in 2018, generated $2.3 million in turnover in its financial year 2022.</p>.<p>Reliance said it expected to complete the acquisition by the end of the year.</p>