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					</table><p>Diversified group <a href="https://www.ril.com/" target="_blank" rel="noopener">Reliance Industries</a> said it aims to install 100 GW of clean energy capacity by 2030 to contribute significantly to sustainability.</p>
<p>Addressing the 2023 Annual General Meeting of the company, Chairman and Managing Director Mukesh Ambani said over the next five years, Reliance is committed to transitioning a significant portion of its energy footprint in connectivity and digital services to green energy sources.</p>
<p>Ambani reaffirmed Reliance&#8217;s determination to achieve Net Carbon Zero by 2035, harnessing the power of renewables and bioenergy.</p>
<p>The company said its priority is to deliver a fully integrated, end-to-end solar photovoltaic (PV) manufacturing ecosystem. Its planned gigafactory aims to offer adaptability and competitive pricing while transforming sand into solar photovoltaic modules.</p>
<p>The solar gigafactory&#8217;s operations will encompass the production of PV modules, cells, wafers, ingots, polysilicon, and glass, all situated in a singular location in Jamnagar. The phased rollout of the factory is targeted for completion by the end of 2025.</p>
<p>Utilizing heterojunction technology, the facility will manufacture solar PV cells and modules, catering to both large-scale utility and rooftop power generation.</p>
<p>They will also embark on wind power generation endeavors. The company said it has made significant progress in developing a manufacturing ecosystem critical to achieving cost-efficient wind power generation at giga scale.</p>
<p>Ambani said a significant factor influencing costs in wind blade manufacturing is carbon fiber. The company’s venture into large-scale carbon fiber production is expected to bestow an advantage, enabling deeper integration and reduced expenses in wind turbine manufacturing.</p>
<p>The Reliance Chairman also talked of a battery gigafactory by 2026, encompassing the production of battery chemicals, cells, and packs and extending to containerized energy storage solutions.</p>
<p>Reliance said it has a clear plan for electrolyzer and green hydrogen production.</p>
<p>The company said it is progressing well to deploy its committed capital of ₹750 billion (~$9 billion) to build a new energy manufacturing ecosystem.</p>
<p>After initiating two Compressed Biogas (CBG) demonstration units in Jamnagar, the company has successfully inaugurated its initial commercial-scale CBG facility in Barabanki, Uttar Pradesh, within ten months.</p>
<p>Plans are underway for the expansion of this initiative, with 25 CBG plants slated for deployment across India. The broader objective involves establishing a total of 100 CBG plants over the next five years, utilizing 5.5 million tonnes of agricultural residue and organic waste.</p>
<p>Recently, Reliance was <a href="https://www.mercomindia.com/reliance-renew-tata-power-winners-pli-11" target="_blank" rel="noopener">declared</a> as one of the winners by the Solar Energy Corporation of India who would be eligible to receive a total of ₹139.4 billion (~$1.69 billion) under Tranche II of the performance-linked incentive (PLI) program to manufacture 39.6 GW of solar modules.</p>
<p>The company was also one of the <a href="https://www.mercomindia.com/reliance-others-invest-12-million-perovskite-firm-caelux" target="_blank" rel="noopener">participants</a> in Caelux, a U.S.-based perovskite solar cell technology firm’s closure of a $12 million series A3 funding round led by Temasek, a global investment company.</p>


Reliance to Install 100 GW of Renewable Energy Capacity by 2030

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