Reliance Industries aims for 100 GW Clean Energy by 2030

04 Sep 2023 CW Team

Reliance Industries, a diversified conglomerate, has announced its ambitious goal of establishing 100 GW of clean energy capacity by 2030, aiming to make a substantial contribution to sustainability.

During the 2023 Annual General Meeting of the company, Mukesh Ambani, the Chairman and Managing Director, emphasised Reliance's commitment to shifting a significant portion of its energy consumption in connectivity and digital services to renewable energy sources over the next five years.

Ambani restated the company's determination to achieve Net Carbon Zero by 2035, leveraging renewable energy and bioenergy solutions.

The company's primary focus is on creating a comprehensive, vertically integrated solar photovoltaic (PV) manufacturing ecosystem. Through its planned gigafactory, the company aims to provide flexibility and competitive pricing while transforming raw materials into solar photovoltaic modules.

The operations of the solar gigafactory will cover the entire production process of PV modules, cells, wafers, ingots, polysilicon, and glass, all consolidated at a single location in Jamnagar. The phased rollout of the factory is targeted for completion by the conclusion of 2025.

Employing heterojunction technology, the facility will produce solar PV cells and modules, catering to both large-scale utility and rooftop power generation.

Reliance also intends to venture into wind power generation. Substantial progress has been made in developing a manufacturing ecosystem essential for cost-effective, large-scale wind power generation.

Ambani highlighted the significance of carbon fibre in wind blade manufacturing costs. The company's foray into extensive carbon fibre production is anticipated to provide a competitive advantage, enabling deeper integration and reduced expenses in wind turbine manufacturing.

Furthermore, Ambani revealed plans for a battery gigafactory by 2026, encompassing the production of battery chemicals, cells, packs, and extending to containerised energy storage solutions.

Reliance has outlined a comprehensive strategy for electrolyser and green hydrogen production as well.

Reliance Industries, a diversified conglomerate, has announced its ambitious goal of establishing 100 GW of clean energy capacity by 2030, aiming to make a substantial contribution to sustainability.During the 2023 Annual General Meeting of the company, Mukesh Ambani, the Chairman and Managing Director, emphasised Reliance's commitment to shifting a significant portion of its energy consumption in connectivity and digital services to renewable energy sources over the next five years.Ambani restated the company's determination to achieve Net Carbon Zero by 2035, leveraging renewable energy and bioenergy solutions.The company's primary focus is on creating a comprehensive, vertically integrated solar photovoltaic (PV) manufacturing ecosystem. Through its planned gigafactory, the company aims to provide flexibility and competitive pricing while transforming raw materials into solar photovoltaic modules.The operations of the solar gigafactory will cover the entire production process of PV modules, cells, wafers, ingots, polysilicon, and glass, all consolidated at a single location in Jamnagar. The phased rollout of the factory is targeted for completion by the conclusion of 2025.Employing heterojunction technology, the facility will produce solar PV cells and modules, catering to both large-scale utility and rooftop power generation.Reliance also intends to venture into wind power generation. Substantial progress has been made in developing a manufacturing ecosystem essential for cost-effective, large-scale wind power generation.Ambani highlighted the significance of carbon fibre in wind blade manufacturing costs. The company's foray into extensive carbon fibre production is anticipated to provide a competitive advantage, enabling deeper integration and reduced expenses in wind turbine manufacturing.Furthermore, Ambani revealed plans for a battery gigafactory by 2026, encompassing the production of battery chemicals, cells, packs, and extending to containerised energy storage solutions.Reliance has outlined a comprehensive strategy for electrolyser and green hydrogen production as well.