- Reliance Industries Ltd. plans to complete the construction of its first gigafactory for photovoltaic (PV) modules by March.
- Chairman Mukesh Ambani of Reliance Industries Ltd has already stated that the company is ready to double its investment to scale up the new energy manufacturing ecosystem further.
Reliance Industries Ltd. plans to complete the construction of its first gigafactory for photovoltaic (PV) modules by March. Sources said trial runs have already started at its green energy complex in Jamnagar, Gujarat, India.
RIL, which aims to branch out into carbon-neutral energy production, targets commissioning a series of projects this year, including a battery factory and a green hydrogen plant, in addition to the PV module factory.
It plans to set up a 10 GW solar PV factory in Jamnagar. The production of battery packs will also begin at the complex, with plans to build a fully integrated 5 GWh annual cell-to-pack manufacturing facility.
The refining major wants to commission the 20 GW solar power generation project initially, with the power fully utilised for its green hydrogen production. The project will mark RIL’s transition from grey to green hydrogen.
The company has allocated 75,000 crore to build five gigafactories in Jamnagar. Chairman Mukesh Ambani of Reliance Industries Ltd has already stated that the company is ready to double its investment to further scale up the new energy manufacturing ecosystem. He aims to reduce the cost of green hydrogen to $1 per kilogram within a decade.
Also, Ambani plans to build an ecosystem to generate 100 GW of solar power by 2030 and achieve net carbon zero status by 2035. To meet these targets, he announced five gigafactories: an integrated solar photovoltaic module factory, an advanced energy storage battery factory, an electrolyser factory, a fuel cell factory, and a power electronics factory.
RIL has entered into global partnerships for setting up these facilities. It is developing 5,000 acres of land in Jamnagar to build the Dhirubhai Ambani Green Energy Giga Complex. The site is located near two refineries and a petrochemical complex.