Reliance Industries Ltd plans to fee its first photo voltaic giga-factory this yr. File
| Picture Credit score: PTI
Reliance Industries Ltd, India’s most beneficial firm, plans to fee its first photo voltaic giga-factory this yr as a part of a pivot in the direction of inexperienced vitality, its chairman Mukesh Ambani stated on Thursday (August 29, 2024).
The photo voltaic giga manufacturing facility will embody the manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert daylight into electrical energy.
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Addressing the annual shareholders assembly, he stated the primary prepare of 20GW photo voltaic PV (photovoltaic) manufacturing “will start manufacturing” by the tip of this yr.
It’s also focusing on industrialising sodium-ion cell manufacturing on the MW stage in 2025 and the primary 50 MWh a yr lithium battery cells pilot in 2026.
Reliance, in 2021, introduced plans to speculate $10 billion over three years to develop a brand new fuels enterprise based mostly on 100 GW of renewable energy capability by 2030.
The plan includes organising 4 giga factories for manufacturing renewable gear, battery storage, gas cells and hydrogen at Jamnagar in Gujarat.
