RIL aims to be green energy leader, boost retail and Jio investments

livemint.com:

₹15,000 crore. The group has already committed billions of dollars towards green energy investments in Gujarat. Elaborating on its green energy roadmap, RIL said that by 2025 it will establish 20 GW solar capacity for captive needs of round-the-clock power and intermittent energy for green hydrogen.

By 2025, RIL will commence transition from grey to green hydrogen and industrialise sodium ion cell production at a megawatt level. By 2026 , Jamnagar PV factory will be scaled to 20 GW in a phased manner and a comprehensive battery giga factory is planned to be established. By 2027, RIL will expand its cell-to-pack manufacturing facility to 50 GWh annually, and by 2030, the company will establish and enable 100 GW of renewable energy.

“The company will also invest in enhancing the value chain, partnerships and future technologies, including upstream and downstream projects," RIL said in the annual report. The company will manufacture battery chemicals and components, focus on energy storage system, and build an electrolyser and hydrogen value chain. India’s dependence on fossil fuels-based energy increases its import bills and results in a foreign exchange drainage.

“India needs to solve this problem to maintain its growth trajectory and reach $32 trillion GDP by 2047," said RIL. In the coming years, RIL will develop supply chain locally and reduce the reliance on imports. Ambani said RIL’s new energy business will play a “pivotal role in the global movement" for adoption of cleaner fuels as the group aims to sell affordable clean energy to the public through the facilities that will be installed in the coming years.