Reliance sees greener pastures in renewable energy, eyes global partnerships
Reliance Industries Ltd wants to be the partner of choice for leading global climate technology and product companies, the telecoms-to-petrochemicals conglomerate said in its fiscal 2024 annual report released on Wednesday.
Over the next 12 months, RIL said, its focus would be to bring onstream new-energy manufacturing facilities, operate them efficiently and start developing renewable energy (RE) generation projects.
RIL's new-energy division will commission its first module and cell manufacturing train in the ongoing fiscal. Solar panels manufactured at its Jamnagar facility have obtained BIS certification. «Work on RE development has commenced and Reliance has been allotted land in Gujarat. We aim to become the largest RE developer in India,» RIL said in the report.
«Simultaneously, we would develop a supply chain locally for self-sufficiency and reduce the reliance on imports,» the company said, adding that a 50 MWh (megawatt hour) per year capacity pilot line has been set up for manufacturing lithium-ion cells. It can be scaled up for commercial-scale production.
RIL is setting up a mega project, the Dhirubhai Ambani Green Energy Giga Complex spanning 5,000 acres in Jamnagar, to manufacture components for the RE sector. Phased commencement of operations at the Solar PV Giga Factory is expected by the end of 2024.
«RIL made notable progress in cost-competitive green hydrogen production by reducing the cost of renewable power generation and the installed cost of electrolysers for giga-scale deployment,» it
