Reliance Industries Ltd announced plans to commission a cutting-edge energy complex in Gujarat during the latter half of 2024, according to the company’s recent earnings statement and investor call. The expansive 5,000-acre complex in Jamnagar will house five giga factories dedicated to the production of photovoltaic panels, fuel cell systems, green hydrogen, energy storage, and power electronics.
During a post-third-quarter earnings call, the company confirmed it is progressing as planned and is poised to launch the new energy facilities in phases throughout the year. Ambani, the Chairman of Reliance Industries, expressed confidence that the Dhirubhai Ambani Green Energy Giga Complex will become a key player in the global shift towards cleaner fuels.
The complex, set to be one of the largest integrated renewable energy manufacturing facilities globally, is part of Reliance’s commitment to establishing 100 gigawatts of renewable power in Gujarat with a capital expenditure of Rs 5 lakh crore. The company has secured in-principle approval for approximately 74,750 hectares of land in Kutch for green hydrogen production. Reliance’s strategic investments in ten global technology innovators specializing in the new energy value chain underline its dedication to advancing sustainable practices. Nearing the commissioning phase, the first tranche of 5 gigawatts module manufacturing capacity is expected to be operational by mid-CY24.
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