Companies

RIL to invest ₹75,000 crore in 3 years in new energy business

Our Bureau Mumbai | Updated on June 24, 2021

Setting up a Dhirubhai Ambani Green Energy Giga Complex in Jamnagar

Mukesh Ambani announced ₹75,000-crore investment in next three years into RIL’s new energy business with the aim of bridging the green energy divide in India and globally.

“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.

As part of this plan, RIL is setting up a Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar.

Four giga factories

The first part of the plan is 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 electrolyser factory. Four, for converting hydrogen into motive and stationary power – we will build a fuel cell factory,” Amabni said.

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The first Integrated Solar Photovoltaic Giga Factory will create solar energy. “We will start with raw silica and convert this to poly silicon which we will then convert to ingot and wafers. These wafers would be used to make high efficiency solar cells and finally assembled into solar modules of highest quality and durability.

“We will target to achieve costs that are lowest in the world to ensure affordability of our solar modules.

“We are highly inspired by the goal set by our Prime Minister Narendra Modiji to achieve 450GW of renewable energy capacity by 2030,” Ambani said.

Published on June 24, 2021

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