Reliance Industries is accelerating its green energy initiatives to realise its ambitions to lead India as a world leader in the energy transition. The aim is to install at least 100GW of renewable energy generation by 2030.
“We remain focused on fast-track execution of our Dhirubhai Ambani Green Energy Giga Manufacturing Complex at Jamnagar,” said RIL CMD Mukesh Ambani while addressing the 46th AGM.
Ambani said the company will invest in its own production capabilities and new technologies and also collaborate with global technology and product companies. All its initiatives will aid in “providing a near perennial growth platform in India and overseas for our materials and energy business.”
He added that the priority would be to deliver the fully integrated, end-to-end solar PV manufacturing ecosystem, which is expected to be completed by the end of 2025.
During Covid, Ambani announced an investment of Rs 75,000 crore in a new energy ecosystem. Ambani said the company was progressing well to deploy the committed capital. This is primarily invested in giga-scale energy production systems and large-scale green hydrogen for green chemicals and mobility.
The solar giga factory at Jamnagar consists of PV modules, cells, wafers, ingots, polysilicon, and glass, all of which will be manufactured at a single location. “This will be one of the largest, most technologically advanced, flexible, and most cost-competitive Solar giga factory globally and will be converting sand into Solar PV modules,” Ambani said.