With the aim of bridging the green energy divide in India and globally, Mukesh Ambani has announced ₹75,000-crore investment in next three years into RIL’s new energy business.
The announcement was made while addressing the shareholders in RIL’s 44th Annual General Meeting (AGM). He also announced the setting up a Dhirubhai Ambani Green Energy Giga Complex in Jamnagar.
“Reliance will make its new energy business a truly global business. In 2016, we launched Jio with the aim of bridging the Digital Divide in India. Now, in 2021, we are launching our new energy business with the aim of bridging the green energy divide in India and globally,” Ambani said.
RIL also plans to build four Giga factories. “These will manufacture and fully integrate all the critical components of the New Energy ecosystem. One, for the production of solar energy — we will build an integrated solar photovoltaic module factory. Two, for the storage of intermittent energy — we will build an advanced energy storage battery factory. Three, for the production of green hydrogen — we will build an electrolyzer factory. Four, for converting hydrogen into motive and stationary power – we will build a fuel cell factory,” said the RIL chairman.
Further, RIL targets to achieve costs that are lowest in the world to ensure the affordability of solar modules.
“Reliance will establish and enable at least 100GW of solar energy by 2030. A significant part of this will come from rooftop solar and decentralised solar installations in villages. These will bring enormous benefits and prosperity to rural India,” said Ambani.