“Reliance will thus create and offer a fully integrated, end-to-end renewables energy ecosystem,” said Ambani.
The move will bring RIL into direct competition with the Adani group. Adani Solar has 3.5 Gw of annual solar photovoltaic production capacity while Adani Green Energy
has a portfolio of 25 Gw of commissioned and under construction projects.
RIL will set up four giga factories for integrated solar photovoltaic modules, advanced energy storage, an electrolyser factory for green hydrogen, and a fuel cell factory for converting hydrogen into motive and stationary power.
For solar manufacturing, RIL will have integrated manufacturing starting from raw silica and poly silicon to ingot, wafers to finished products cells and modules. This will be a major addition to India’s solar manufacturing plans though the company did not reveal the capacity it would be putting up.
India imports close to 90 per cent of its solar cells
and module requirements. Eighty per cent of this is from China. According to the industry data, India has 3,100 Mw of cell manufacturing capacity and 9,000 Mw of module manufacturing.
The Union government early this year announced the production-linked incentive scheme for solar photovoltaic panels manufacturing in India. The Rs 4,500 crore scheme aims at creating an additional 10 GW capacity of integrated solar PV manufacturing plants in the country.
RIL will focus in a major way on rooftop solar and decentralised solar installations in villages. The second part of the plan entails creating a value chain for the giga factories. It will be part of the Jamnagar complex of the company.
RIL’s renewable energy
project management and construction division will provide end-to-end solutions for large renewable plants across the world.
Ambani said the centre would also “enable and partner with thousands of green MSME entrepreneurs, who can deploy kilowatt-to-megawatt scale solutions in agriculture, industry, residences and transportation”.
All of these three together will be part of its architecture for India’s decentralised green economy.
“With these new initiatives, Reliance will put Gujarat and India on the world solar and hydrogen map,” Ambani said in his AGM speech.
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