Mumbai, 7th of August, 2024 : Reliance’s Green Energy Projects Get Ready To Deliver; Solar PV Giga Factory To Start Producing End 2024.
- Clean Energy Transition is a key pillar of Reliance’s Net Carbon Zero target of 2035. The latest Annual Report gives a detailed update on the Green Energy business vertical and the Dhirubhai Ambani Green EnergyGiga Complex at Jamnagar.
- The phased commencement of operations at the Solar PV Giga Factory is anticipated by the end of 2024. Solar panels manufactured in Jamnagar haveobtained BIS certification.
- “As we work towards our goal ofattaining Net Carbon Zero by theyear 2035, the development of theDhirubhai Ambani Green Energy GigaComplexin Jamnagar is progressingrapidly. This giga complex will be oneof the largest end-to-end integratedrenewable energy manufacturingfacilities globally,” mentioned Mukesh Ambani, C&MD, Reliance Industries in his letter to shareholders.
- Reliance is accelerating the commercialization of its sodium ion battery technology. With plans to industrialise sodium ion cell production at a megawatt level by 2025, the Company intends to rapidlytransition to a giga scale.
- Reliance made notable progress in cost‑competitive green hydrogen production by reducing the cost of renewable power generation and the installed cost of electrolysers for gigascale deployment.
- According to the Net Carbon Zero transition plan explained in the Annual Report, 20GW of solar capacity for captive needs of round-the-clock power and intermittent energy for Green Hydrogen will be established by 2025
- This will also enable RIL’s transition from Grey Hydrogen to Green Hydrogen.
- By 2026, the Jamnagar PV factory will be scaled up to 20GW in a phased manner and a comprehensive battery giga factory will be ready.
- By 2027, the cell-to-pack manufacturing facility will be expanded to 50GWh per annum.
- By 2030, 100GW of renewable energy capacity will be established and enabled.
- The Company has also made advancements in two critical aspects for delivering cost-competitive green hydrogen and its derivatives: cost of renewable power generation, and installed cost of electrolyser for giga-scaledeployment
- Reliance has commenced work on setting up renewable energy generation complex and has been allotted land in Gujrat. RIL aims to become largest RE Developer in India.
- RIL initiated participation in RE PPA with the first PPA signed with MSEDCL for 128 MW for 25 years.
- 50 MWh per year capacity pilot line has been setup for manufacturing Li Battery cells, through Lithium Werks, and can be scaled up for commercialscale production.
- Reliance signed MOU with the Government of Maharashtra for 100 kTPA GH2 production, with total projected investment of ~C 15,000 crore and employment generation of~4,000 (direct and indirect).
- Reliance signed an MOU with Brookfield for onshore renewable power and decarbonisation equipmentmanufacturing in Australia.
Source: RIL’s Integrated Annual Report FY2023-24 pages 29,30,41,42,43
- Follow the Twitter thread for more details @RIL_Updates on #RelianceAR
- Download the Integrated Annual Report of Reliance Industries Limited at: https://www.ril.com/InvestorRelations/FinancialReporting.aspx
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