Reliance Industries aims for 100 GW Clean Energy by 2030
04 Sep 2023
2 Min Read
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.
Next Story
Waaree Wins Rs 1.14 Bn Solar EPC Contract
Waaree Renewable Technologies announced on Friday that it has secured a Rs 1.14 billion contract to set up a solar power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, backed by a major renewable energy company.According to a regulatory filing, the scope of the project includes engineering, procurement, and construction (EPC), along with operation and maintenance (O&M) of a 94 MW AC / 131.6 MW DC solar plant.The project is expected to be completed during financial year 2025�26 as per the terms outlined in the Letter of Award.This order marks a key milestone for Waaree’s ..
Next Story
ReNew To Invest Rs 220 Bn in Andhra Hybrid Project
ReNew Energy Global announced on Friday that it will invest Rs 220 billion (approximately $2.57 billion) to establish a large-scale hybrid renewable energy project in Andhra Pradesh, as it seeks to capitalise on India’s surging clean energy demand.The project will contribute a total capacity of 2.8 gigawatts (GW), comprising 1.8 GW of solar and 1 GW of wind, and is expected to supply power during peak hours for up to four hours a day.ReNew, India’s second-largest renewable energy company after Adani Green, has operations across ten Indian states and a global portfolio totalling 17.4 GW as ..
Next Story
Alpex Solar Secures Rs 10.7 Bn in New Solar Contracts
Greater Noida-based Alpex Solar on Thursday announced it has secured contracts totalling Rs 10.7 billion from multiple entities, including the Central Mine Planning and Design Institute Ltd (CMPDIL), a subsidiary of Coal India, and the Haryana Renewable Energy Development Agency.In consortium with NVNR Power & Infra Ltd, Alpex bagged a Rs 3.5 billion contract from CMPDIL for the design, engineering, procurement, construction, and commissioning of a grid-connected solar power plant at Nandan Washery in Maharashtra. Alpex holds a 70 per cent stake in the consortium, which will also build a 3..