In its annual report, Indian conglomerate Reliance Industries announced its strategic shift towards renewable energy projects, with ambitions to lead the sector in India. Chairman Mukesh Ambani highlighted the company's readiness for significant growth after consolidating its balance sheet post-capex. Reliance plans to invest in green energy, targeting 100 GW of renewable energy installations by 2030. The company will commence the production of ingots and wafers for solar cells at a 10 GW solar photovoltaic factory in Jamnagar, with plans to increase the factory's capacity by 2026. Additionally, Reliance aims to enhance non-fossil fuel capacity by partnering with global entities to acquire advanced technologies for various green initiatives, including green hydrogen and energy storage projects. The focus on establishing an efficient local supply chain reflects the company's commitment to reducing imports. Furthermore, in pursuit of its 2035 net zero carbon objective, Reliance is dedicated to operational excellence, efficient facility management, and the commencement of new energy manufacturing units. The report also mentions Adani Group's substantial investments in expanding green energy offerings to reach 500 GW of solar and wind capacity by 2030. This collective industry momentum signifies a shift towards sustainable practices and signifies a positive outlook on the growth potential of renewable energy in India.