Apart from announcing the $24 billion investment, India s richest man Gautam Adani said his group will also invest about $100 billion to help propel the shift to green energy in the country over the next decade. Reliance Industries chairman and managing director Mukesh Ambani backed India s bid for the 2036 Olympics and said that his group will assist the authorities in developmental projects as part of the effort.
Reliance Industries (RIL) is planning to invest Rs 75,000 crore in a new energy business over the next three years, with a focus on solar, batteries, and hydrogen. The company aims to reach 100GW of installation by 2030, 36% of India s total solar capacity of 280GW. It plans to build four giga factories to produce integrated solar PV modules, electrolyzers, fuel cells, and batteries for energy storage from the grid.
RIL Green Energy Business: Reliance Industries (RIL) is planning to invest Rs 75,000 crore in a new energy business over the next three years, with a focus on solar, batteries, and hydrogen. The company aims to reach 100GW of installation by 2030, 36% of India s total solar capacity of 280GW. It plans to build four giga factories to produce integrated solar PV modules, electrolyzers, fuel cells, and batteries for energy storage from the grid.
An Indian government scheme to support domestic battery manufacturing received bids totalling 130GWh of proposals, more than double the anticipated 50GWh of capacity the incentives will support.
Reliance New Energy Solar Limited - a wholly-owned unit of Reliance, signed definitive agreements to acquire 100 per cent shareholding in Faradion for an enterprise value of GBP 100 million.