At the 44th Reliance AGM, Mukesh Ambani announced the company’s venture into green energy with the development of Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, Gujarat. Spread over 5000 acres, it will house renewable energy manufacturing facilities, Ambani stated.
“We plan to build four Giga factories to manufacture and integrate all critical coponents of new energy ecosystem—solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory,” said Mukesh Ambani at the AGM 2021.
The company plans to create and offer end-to-end renewable energy ecosystem and Ambani said he plans to invest over Rs 60,000 crore over the next three years in the initiative.
“We will invest an additional Rs 15000 crore in value chain, partnerships and future tech. Thus, overall investment in New Energy business will be Rs 75000 crore in 3 years,” he said.
That’s not it. Reliance is also “evolving a vision for New Materials and Green Chemicals” and will kickstart the initiative by “strategically investing in India’s first world scale carbon fiber plant for supporting our hydrogen and solar ecosystems” stated Ambani.