In its largest annual report, the firm said it is targeting to commission the first train of 20GW solar PV (photovoltaic) manufacturing by the end of 2024-25 fiscal (April 2024 to March 2025) and scale up to 20GW in a phased manner over 2026.
This factory, located in Jamnagar, Gujarat, will have an initial capacity of 20 GW of solar photovoltaic (PV) manufacturing, including PV modules, cells, wafers, and ingots, polysilicon, and glass at a single location.
This is part of Reliance's broader strategy to achieve net zero carbon emissions by 2035.
To recall, in 2021 Reliance Industries has announced plans to invest $10 billion over three years to develop its new fuels business, which includes the solar giga factory. This investment is part of their broader strategy to achieve 100 GW of renewable power capacity by 2030.
Reliance is investing heavily in renewable energy sources. It is building the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, which will house multiple giga factories for solar PV, energy storage, and green hydrogen production.
Reliance is developing advanced carbon capture and storage technologies to convert CO2 emissions into useful products like chemicals, fuels, and materials. The company aims to make green hydrogen a key part of their energy mix. They have set a target to produce green hydrogen at $1 per kilogram within a decade.
The company is enhancing its recycling capabilities, particularly in PET recycling, and promoting the use of recycled materials in various products. Reliance is exploring bio-pathways to convert CO2 into renewable fuels and materials, further reducing their carbon footprint.
These initiatives are part of Reliance's broader vision to transform their energy platform and contribute to a sustainable future.
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