Reliance Industries to Commission First Solar Giga-Factory for Net Zero Emissions by 2035
Key Ideas
  • Reliance Industries plans to commission its first solar giga-factory in the current fiscal year as part of its goal to achieve net zero carbon emissions by 2035.
  • The company aims to scale up its solar PV manufacturing to 20GW by 2024-25 and venture into sodium-ion cell production and lithium battery cells pilot by 2025 and 2026 respectively.
  • Reliance's $10 billion investment over three years will focus on renewable power capacity development, including setting up giga factories for renewables equipment, battery storage, fuel cells, and hydrogen in Jamnagar, Gujarat.
  • The company aims to become the largest renewable energy developer in India, with plans to establish a cell-to-pack manufacturing facility of 50 GWh by FY27 and achieve 100 GW of renewable energy capacity by 2030.
Reliance Industries Ltd, India's leading company, is set to inaugurate its first solar giga-factory within the current fiscal year as a step towards its ambitious target of achieving net zero carbon emissions by 2035. The company's plan includes the commissioning of the first train of 20GW solar PV manufacturing by the end of the 2024-25 fiscal year and subsequently scaling up this capacity in phases. The solar giga-factory in Jamnagar, Gujarat, will house the manufacturing of PV modules, cells, wafers, ingots, polysilicon, and glass at a single location. In addition to solar PV manufacturing, Reliance Industries is venturing into sodium-ion cell production at the MW level by 2025 and plans to pilot lithium battery cells production starting at 50 MWh a year in 2026. The company's significant $10 billion investment over three years aims to develop a new fuels business centered around 100 GW of renewable power capacity by 2030. This initiative involves the establishment of giga factories for manufacturing renewables equipment, battery storage, fuel cells, and hydrogen in Jamnagar. Reliance's strategic focus also includes becoming the largest renewable energy developer in India, with plans to set up a cell-to-pack manufacturing facility of 50 GWh by FY27 and achieve 100 GW of renewable energy capacity by 2030. By transitioning towards green energy solutions, Reliance aims to address India's dependence on fossil fuels, citing rising costs, import dependence, and environmental concerns. The company's commitment to sustainable practices and local self-sufficiency aligns with its goal of ensuring stable, cost-efficient green power for India's future growth.
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