A man walks past a Reliance Industries Limited sign board installed on a road divider in the western Indian city of Gandhinagar January 17, 2014. REUTERS/Amit Davewill invest 750 billion Indian rupees in a new energy business over the next three years, Chairman Mukesh Ambani told the company's annual general meeting on Thursday.
Reliance will build solar manufacturing units, a battery factory for energy storage, a fuel cell-making factory and an electrolyzer unit to produce green hydrogen as a part of the business, Ambani said. As a part of the new business - called the Dhirubhai Ambani Green Energy Giga Complex - Reliance will also build solar capacities of at least 100 GW by 2030, Asia's richest man told his shareholders at the meeting which was held virtually due to COVID-19.
That would account for over a fifth of India's renewable energy target of installing 450 GW by 2030. India wants green energy sources to make up 40% of electricity generated by the end of this decade. "A significant part of this will come from rooftop solar and decentralised solar installations in villages," Ambani said.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How a business of any size can work with influencers to reach millions of new customersBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »