RIL's green energy biz to supply equipment for India: Analysts
green energy business to supply the equipment India will need for its green energy revolution, according to analysts.
«For solar, RIL can reach 100GW of installation by 2030, which is 36% of the total 2030 India solar capacity of 280GW. For batteries, it could also achieve a similar market share of 36% with a battery capacity of 50GWh versus expected battery capacity of 139GWh in 2030.
For hydrogen, RIL can capture about 19% of the market with 16GW of cumulative electrolyzer capacity by 2030,» said Bernstein Research in a report dated 4 December.
At at 44th AGM in June 2021, RIL announced its plan to spend Rs 75000 crore over the next three years in a «New Energy» business. As part of this, RIL is spending Rs 60,000 crore to construct four «giga factories» to make integrated solar PV modules, electrolyzers, fuel cells, and batteries to store energy from the grid.
These plants will be located at the new 5,000-acre Green Energy Giga Complex in Jamnagar. An additional 15000 crore will be used for investments across the value chain, technology, and partnerships for the New Energy business.
ET had on 22 August reported that RIL will commission 5GW of its 20GW solar modules capacity next year.
Reliance is planning to enter solar manufacturing and generation with a target of 100GW of solar energy by 2030.
«RIL will commission 5GW of HJT modules and 5 GWh of LFP (lithium iron phosphate) battery capacity by 2QFY25. The company intends to use most initial production for captive set up of 20GW of renewable capacity- enough to meet its annual energy requirement,» said Jefferies India in a research report dated 5 December.
RIL will begin production at its solar PV (photovoltaic) and module factory, based on REC technology in
