Reliance Industries commits over US$75 billion for green energy projects in India
From pv magazine India
Reliance Industries Limited (RIL), India’s largest private-sector company, which recorded a net profit of INR 53,739 crore ($7.4 billion) in FY 2020-21, has agreed to invest INR 5.6 lakh crore (over US$75 billion) in green energy projects in Gujarat. The company signed an agreement today with the government of Gujarat for the proposed investment in the state.
Reliance Industries will invest INR 5 lakh crore (US$67.6 billion) in the state over 10 to 15 years to set up a 100 GW renewable energy power plant and green hydrogen eco-system.
“RIL will develop an eco-system for assisting small and medium enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of renewable energy and green hydrogen,” read the company statement.
Reliance Industries has already started scouting land for the 100 GW renewable energy power project in Kutch, Banaskantha, and Dholera. It has sought 4.5 lakh acres of land in Kutch.
RIL will invest another INR 60,000 crore (US$8.1 billion) in setting up manufacturing facilities for new and renewable energy equipment. This includes a fully vertically integrated polysilicon-to-solar module fab and manufacturing of electrolyzers, energy-storage batteries, and fuel cells.
RIL also plans to invest INR 25,000 crore (US$ 3.38 billion) in existing projects and new ventures over the next three to five years. The company statement didn’t mention the businesses covered under this investment.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].
Please login to comment
[…] In India, the country’s biggest company, Reliance Industries, has committed to spending about $100 billion in renewable technologies this coming decade. […]
[…] to be outdone, in mid-January, 2022, Reliance Industries, led by Mukesh Ambani, let it be known that it will invest INR 5 lakh crore (US$67.6 billion) over […]
[…] to proceed, in mid-January 2022, Reliance IndustriesUnder the leadership of Mukesh Ambani, it will invest INR 5 lakh crore (US$ 67.6 billion) over 10 to […]
[…] to be outdone, in mid-January, 2022, Reliance Industries, led by Mukesh Ambani, let it be known (https://www.pv-magazine.com/2022/01/14/reliance-industries-commits-over-us75-billion-for-green-energ…😉 that it will invest INR 5 lakh crore (US$67.6 billion) over 10 to 15 years to set up a 100 GW […]
[…] not be outdone, in mid-January, 2022, Reliance Industries, led by Mukesh Ambani, let it’s recognized that it’ll make investments INR 5 lakh crore […]
[…] 来源：www.pv-magazine.com […]
[…] The Mukesh Ambani-led diversified business conglomerate has agreed to invest INR 5 lakh crore (US$67.6 billion) in building 100 GW of renewable energy capacity and green hydrogen eco-system in the state. It will also invest INR 60,000 crore (US$8.1 billion) in setting up manufacturing facilities for new and renewable energy equipment, including solar modules, electrolyzers, energy-storage batteries, and fuel cells. Source […]
[…] “The Mukesh Ambani-led diversified business conglomerate has agreed to invest INR 5 lakh crore (US$67.6 billion) in building 100 GW of renewable energy capacity and green hydrogen eco-system in the state. It will also invest INR 60,000 crore (US$8.1 billion) in setting up manufacturing facilities for new and renewable energy equipment, including solar modules, electrolyzers, energy-storage batteries, and fuel cells.” https://www.pv-magazine.com/2022/01/14/reliance-industries-commits-over-us75-billion-for-green-energ… […]
[…] In India, the country’s biggest company, Reliance Industries, has committed to spending about $100 billion in renewable technologies this coming decade. […]