Reliance’s Mukesh Ambani expects its green energy to emerge as growth engine

Reliance Industries chairman Mukesh Ambani expects RIL’s green energy segment to emerge as the major growth engine for the conglomerate, which could potentially help India have the world’s most affordable green energy within this decade.

In his message to the shareholders in the company’s annual report for 2021-22, Mukesh Ambani RIL has entered into a series of partnerships, including equity investments, with local and international companies with technological and execution capabilities, strong track record of innovation and a growing number of patents & IPRs across the green energy value chain.

Work has also started on the four giga-factories at Dhirubhai Ambani Green Energy Giga Complex to set up world-scale production capacity for solar panels, energy storage systems, electrolysers and fuel cells spread over 5,000 acres in Jamnagar.

Reliance shared its plan to invest $10 billion in green energy over three years. This investment would be towards setting up four giga-factories to manufacture and fully integrate all critical components for the business and will also include investment on the value chain, partnerships, and future technologies.

Reliance Chairman is confident that RIL’s green energy business will outshine other growth engines in the next 5-7 years.