RIL's Clean-Energy Roadmap: Four Deals In Three Days

Latest Updated on 23 February 2023
India's development will be governed by Clean Energy, Bioenergy, and the Digital Revolution, and the nation is on track to become a Leader in Renewable Energy, according to Mukesh Ambani, Chairman of Reliance Industries Ltd.

Mukesh Ambani, chairman of the Oil to Telecom Conglomerate, spoke to students virtually during the 10th Convocation of Pandit Deendayal Energy University in Gandhinagar and said, "Three Game Changing Revolutions will control India's progress in the decades ahead. the Digital Revolution, the Clean Energy Revolution, and the Bioenergy Revolution.

This is taking place against the backdrop of RIL working on a range of sustainable energy initiatives in an attempt to achieve net zero carbon emissions by 2035 and support Prime Minister Narendra Modi's national goal of net zero by 2070. In June of last year, RIL launched a 75,000 crore push into clean energy over three years, with plans to invest 60,000 crores in four mega factories for Solar Photovoltaic Modules, Electrolyzers, Fuel Cells, and Energy Storage. RIL is making this shift to Sustainable Energy.

RIL Plans to begin making battery packs by 2023, increase capacity to 50 GWh per year by 2027, and then scale back to a fully integrated 5 GWh per year cell-to-pack manufacturing plant by 2024. By 2025, the corporation also plans to switch to producing green hydrogen and install 20 GW of solar energy generation capacity.

"They will work together to improve lives in unusual ways. The Digital Revolution will help us use energy more intelligently while the Clean Energy and Bio-Energy Revolutions will create energy responsibly, according to Ambani.

Ambani's remarks follow Prime Minister Narendra Modi's claim that India is on pace to meet its goal of producing 50% of its power from renewable sources by 2030 during the G20 Conference in Bali. During COP 27, India also submitted its Long-Term Low Emission Development Plan to the UNFCCC, which listed Green Hydrogen, Ethanol-Blend Fuels, Renewable Energy, and E-Mobility as possible alternative energy sources.

The International Solar Alliance, ethanol-blend fuels, green hydrogen, and Indian efforts in renewable energy are examples of the nation's commitment, according to Bhupendra Yadav, India's environment minister, who addressed COP27 earlier this month.

According to Ambani, these three revolutions will work together to assist India and the rest of the world stop the climate problem and saving our beautiful planet. He urged the students to seize the chances that are available to them right now and expressed confidence in their capacity to work towards achieving India's energy objectives.

Last Updated on 14 October 2021

Reliance Industries has made a purchase, a strategic investment, and formed two collaborations as it pursues its clean-energy aspirations. The focus has primarily been on acquiring or gaining access to cutting-edge technologies that can reduce the cost of renewable energy production. As a result, the CMD announced plans to invest Rs 75,000 crore over the next three years in renewable energy. RNESL purchased a 40% stake in Sterling and Wilson Solar, as well as REC Solar, based in Norway, for $771 million. In August, it announced cooperation with Germany's NexWafe GmbH to promote RIL's solar aims, as well as a relationship with Denmark's Stiesdal to advance its green-hydrogen aspirations. Both agreements have brought technologies to the US that have the potential to reduce the cost of renewable energy production and speed its adoption. Ambri's long-storage batteries can store clean energy while also connecting to traditional power sources to assure uninterrupted supply. NextWave produces 'green silicon wafers,' which are used in the creation of semiconductors and solar cells. The technique reduces CO2 emissions by 70% and costs by 30%, while HydroGen electrolyzers are inexpensive, contributing to the production of green hydrogen.