Reliance Industries pledges Rs 75,000cr for new energy manufacturing ecosystem
Reliance Industries Limited has announced an investment of INR 75,000 crores ($9 billion) to develop its new energy manufacturing ecosystem. Revealed by Chairman Mukesh Ambani during the company’s 46th annual general meeting, this significant investment aims to accelerate giga-scale production in various areas of renewable energy and green mobility.
Giga-Scale Production for 24/7 Power and Green Hydrogen
The key focus of Reliance Industries’ investment is to fast-track giga-scale production for continuous power supply, large-scale green hydrogen for green chemicals manufacturing, and green mobility solutions. With this investment, Reliance Industries intends to establish a fully integrated solar photovoltaic (PV) manufacturing ecosystem and advance wind power generation technology.
Ambani’s Green Energy Manufacturing Complex in Gujarat by 2025
The Dhirubhai Ambani Green Energy Giga Manufacturing Complex, located in Jamnagar, Gujarat, is expected to come online in phases by the end of 2025. This solar giga factory will feature comprehensive manufacturing, including PV modules, cells, wafers, ingots, polysilicon, and glass. By leveraging its engineering and construction capabilities, Reliance Industries aims to install at least 100GW of renewable energy generation by 2030.
Battery Gigafactory and Recycling Facilities on the Horizon
Beyond solar and wind, Reliance Industries plans to establish a battery gigafactory by 2026. This state-of-the-art facility will produce battery chemicals, cells, and packs, and offer containerized energy storage solutions. A dedicated battery recycling facility is also planned to create a fully integrated ecosystem.
Net Carbon Zero Target Set for 2035
Reliance Industries has also committed to achieving a net carbon zero status by 2035, using renewables and bioenergy for a more sustainable and green business model. “Our transition to Net Carbon Zero and building a sustainable chemicals business will result in increased revenue, reduced energy costs, improved profitability, and provide a near perennial growth platform in India and overseas for our Materials and Energy Business,” said Mukesh Ambani.
With this monumental investment, Reliance Industries not only underscores its commitment to renewable energy but also positions itself as a leader in India’s rapidly evolving green energy sector.