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Reliance Industries plans to accelerate and enable the installation of 100 gigawatts (GW) of renewable energy generation by 2030, says its chairman Mukesh Ambani while addressing shareholders at the 46th annual general meeting (AGM) of the company. He also committed to deploying ₹75,000 crore to build a new energy manufacturing ecosystem.
“We are progressing well to deploy our committed capital of ₹75,000 crore to build our new energy manufacturing ecosystem. This will enable us to accelerate giga-scale production for round-the-clock power and for large-scale Green Hydrogen production for green chemicals manufacturing, as well as for green mobility,” Ambani tells shareholders.
Unveiling plans for the new energy business, RIL chairman says the oil-to-telecom conglomerate remains focused on fast-track execution of its Dhirubhai Ambani Green Energy Giga manufacturing complex at Jamnagar.
“Our first priority is to deliver a fully-integrated, end-to-end Solar PV manufacturing ecosystem. 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. Our Solar giga factory will include manufacturing of PV Modules, Cells, Wafers and Ingots, Polysilicon, and Glass at a single location in Jamnagar. We will target to bring the factory on-stream in a phased manner by the end 2025,” he informed shareholders.
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