According to a release, the Reliance Industries Limited (RIL) founded by Mukesh Ambani has announced the commissioning of 1 Giga Watt (GW) plus solar panels which were manufactured in Gujarat state in Jamnagar, that also has received BIS certification. In the recent annual report (2024-25) of green energy projects of the company it has established a milestone that it will attain 10 Giga watt of solar PV modules (which includes cells, glass, wafer, ingot, and polysilicon).
In addition, the company is also laying investments in the battery storage solution in which a battery manufacturing facility based on LFP chemistry promising advanced energy storage will be launched by the end of 2025 or 2026. Another addition to RIL operations will be the assembly of Battery Energy Storage Systems meant to serve utility-scale application and it will begin in 2025-26. The company also strives to meet its goal of converting grey to green hydrogen via pilot-scale electrolyser technologies before the end of the year 2025.
The operations of seven CBG plants having thirty TPD (0.5 lac TPA) production capacity have also been made. These plants will produce two lakh TPA of high fermented organic manure of high quality. The other course that the company is planning to set is to have a complete 55 CBG plants inclusive of a total completion of an integrated hub CBG that has a cumulative capacity of 0.4 MTPA CBG and 2 MTPA of organic manure.
RIL is aiming to reach these milestones through its clean energy transition, which is a major pillar of the company’s Net Carbon Zero target. One of the actions is an operational multi-GW electrolyser to support green hydrogen capabilities. Additionally, Reliance and Nel Hydrogen Electrolyser AS are also signing a technology license agreement, wherein RIL would obtain an exclusive license to produce and use Nel alkaline electrolysers in India, as well as a captive globally. The company has also acquired Nauyaan shipyard, which provides electrolyser and fabrication capacity.
Besides, RIL has also embarked on land development in Kutch where there is a huge allocation of land parcels with a solar irradiance. The firm has the capacity to supply almost 150 billion units of electricity through Kutch. RIL is also receiving 2,000 acres of land in Kandla, over which it will produce green chemicals and evacuation.
The company is likewise granted two transmission projects, Lakadia 1 and Kandla, as a part of improving its clean energy transmission footprint. In an AGM speech to his shareholders in August 2024, Mukesh Ambani, Chairman and Managing Director of Reliance, said that he believed in the potential of its New Energy Youth growth engine as one that drives the earning power in the similar capes that the current O2C business does and has been able to generate in the past four decades.
“We believe that our New Energy business will be truly unique–delivering cash flows that are less cyclical and more predictable. I am, therefore, confident that in the next 5 to 7 years, our New Energy growth engine can aim to deliver an earning capacity, like what our existing O2C business earns and what it has achieved over the last four decades,” said Mukesh Ambani during his speech.
