Mukesh Ambani, Chairman of Reliance Industries, during the company’s 44th Annual General Meeting (AGM) announced that the company plans to invest in green energies. Further, the company is setting up the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar that spreads on 5,000 acres of land.
During the announcement, the Reliance head had said that in the new era, the fuel cell Giga factory will progressively replace internal combustion engines, and fuel automobiles, trucks, buses, and large mobile machines.
Dhirubhai Ambani Green Energy Giga Complex, Jamnagar
We have started work on developing the Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar. It will be amongst the largest such integrated renewable energy manufacturing facilities in the world, said the Reliance Industries Chairman while addressing the shareholders.
Building the complex is part of the company’s green mission. He said that Jamnagar was the cradle of their old energy business and will also be the cradle of their new energy business.
The Jamnagar complex will provide infrastructure and utilities to manufacture ancillary material and equipment and with the right capabilities in the nationwide ecosystem.
Reliance’s Green Energy Plans
The company is building four Giga factories- a solar photovoltaic module factory, an advanced energy storage battery factory, an electrolyzer factory, and a fuel cell factory, as part of its clean and green energy goals to create a new energy ecosystem. A total of Rs 75,000 crore over a span of three years will be invested for the projects. Additionally, Rs 15,000 will be invested in the value chain, partnership, and future technologies including upstream and downstream industries.
The solar photovoltaic module factory will be used for the production of solar energy, while the advanced energy storage battery factory will be utilized for the storage of intermittent energy.
Reliance is also known for its oil refineries, however, with the shift to renewable energy, the company will be building an electrolyzer factory to produce green hydrogen. Furthermore, RIL will build a fuel cell factory for converting hydrogen into motive and stationary power.
During the address, Mukesh Ambani had said that the fuel cell factory could be used in stationary applications for powering data centres, telecom towers, emergency generators, micro grades, and industrial equipment.
The RIL Chairman had also announced that the company will be building two additional divisions to further strengthen this ecosystem- a dedicated Renewable Energy Project Management and Construction Division and a dedicated Renewable Energy Project Finance Division.
Reliance Industries Limited (RIL) is close to acquiring Europe’s largest solar panel manufacturer, REC Group as part of the oil-to-telecom conglomerate’s Rs 75,000 crore push into clean energy.