HomeInvestment & Trading ›RIL Aims to Install 100 GW from Renewable Energy Generation by 2030, Says Mukesh Ambani

RIL Aims to Install 100 GW from Renewable Energy Generation by 2030, Says Mukesh Ambani

RIL also committed to investing around INR 75,000 crore to develop a new energy manufacturing ecosystem.

August 29, 2023. By Nivedita Ojha

Mukesh Ambani, Chairman of RIL, deliberating at the 46th Annual General Meeting (AGM) of the company, said, Reliance Industries aims to expedite and facilitate the installation of 100 GW of renewable energy generation by 2030.

He also committed to investing around INR 75,000 crore to develop a new energy manufacturing ecosystem.

Ambani stated, “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.”

RIL chairman plans for the new energy business, the oil-to-telecom consolidate remain concentrated on the rapid implementation of its Dhirubhai Ambani Green Energy Giga manufacturing complex at Jamnagar.

Mukesh Ambani stated the company’s priority is to serve an amalgamated, end-to-end Solar PV manufacturing ecosystem.

This will be one of the largest, technologically progressive, and Solar giga factories worldwide, and will be changing sand into Solar PV modules.

The Solar giga factory will contain producing of PV Modules, Cells, Wafers and Ingots, Polysilicon, and Glass at a single site in Jamnagar.

The investment will support in establishment of a 100 GW RE Power Plant and with Green Hydrogen Eco-System development.

He further added that the priority is to establish a battery giga factory by 2026, which will produce battery chemicals, cells and packs, progressing the path to containerised energy storage solutions.

The company will commence with LFP chemistry which has been proven at scale for its safety, stability, and life, targeting to produce LFP-based solutions at lifecycle costs.

The conglomerate’s transition to Net Carbon Zero by 2035 and evolution of a sustainable chemicals business will yield revenue growth, reduced energy costs, and improved profitability and overall development in the Indian and global policy landscape.
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