Reliance Industries to Launch First Solar Giga-Factory in Green Energy Shift

Reliance Industries Ltd, India's top company, plans to launch its first solar giga-factory by the end of this year. The facility will produce PV modules, cells, wafers, ingots, and more. Chairman Mukesh Ambani announced these plans, aiming for significant green energy investments by 2030.

Reliance Industries Ltd, India's most valuable company, is set to commission its first solar giga-factory by the end of this year, as part of a broader shift towards green energy. Chairman Mukesh Ambani made the announcement on Thursday, underlining the company's commitment to sustainable energy.

The solar giga-factory will be a comprehensive facility, producing PV modules, cells, wafers, ingots, polysilicon, and glass, all at a single location. These modules are critical for converting sunlight into electricity, marking a significant step in the company's green energy ambitions.

Speaking at the annual shareholders meeting, Ambani confirmed that the first phase of 20GW solar PV manufacturing would begin production by year-end. The company also aims to industrialize sodium-ion cell production at the MW level by 2025 and commence a 50 MWh/year lithium battery cell pilot by 2026. Earlier, in 2021, Reliance announced a USD 10 billion investment plan over three years to establish a new fuels business driven by 100 GW of renewable capacity by 2030.

(With inputs from agencies.)