RIL aims to generate 40 billion units of green energy every year, Anant Ambani says at AGM

Reliance Industries Ltd. (RIL) is targeting 40 billion units of green electricity generation annually, executive director Anant Ambani said at the company's 49th annual general meeting on Friday, June 19.

Ambani announced a slew of measures the conglomerate is set to take this fiscal onwards, focusing on building the world's first fully sovereign clean energy ecosystem.

New Energy Manufacturing Ecosystem

RIL has commissioned an integrated new energy manufacturing ecosystem.

Anant Ambani said RIL's solar PV cell and module manufacturing lines have been commissioned and are now operational. He said nearly 1 giga watt (GW) of heterojunction technology (HJT) modules have been produced with around 2% higher energy yield, 15% better temperature performance and 25% lower degradation than conventional modules.

The company has also achieved approved list of models and manufacturers (ALMM) listing for HJT technology, the first in India for this advanced cell type, he said, adding that RIL is building towards 20 GW per annum of fully integrated capacity from polysilicon to ingots, wafers, cells, modules and glass.

RIL's Battery Giga Factory

Anant Ambani also said RIL's battery giga-factory will be commissioned this year. He said the first phase of its 40 GWh annual battery energy storage system (BESS) and cell giga factory is on tract to be commissioned this year. The company is committed to scale this up to 120 GWh of annual capacity, he said.

The RIL executive director said the company is developing a renewable energy hub

across 5.5 lakh acre in the arid Kutch region. This hub will deliver round-the-clock power at gigawatt scale, combine solar and battery storage systems in a single unique integrated architecture, he said.

Once it is fully operationalised, it will generate over 40 billion units of green electricity every year, which is approximately 3% of India's annual electricity requirement, he said.

Ambani added that Reliance Industries is building the world's first fully sovereign clean energy ecosystem. "Sunlight converted directly into electricity and green molecules. No imported fuel. No foreign technology. No exposure to the disruptions that have shaken the world this past year," he added.

Green hydrogen and green chemicals

Reliance Industries has signed a landmark $3 billion green ammonia agreement with Samsung C&T. Ambani said this is among the largest green ammonia offtake contracts in the world, adding that this validates the commercial competitiveness of its green energy platform.

RIL is also in advanced discussions for more such exports to Japan, Korea, and Europe, with long-term off-take commitments, he added.

Ambani said RIL's target of 3 million metric tonne of green hydrogen equivalent green chemicals capacity in the next 10 years remains firmly the conglomerate's sight.

Green jobs and national impact

Ambani said RIL is estimated to create 2 lakh green jobs via its Giga Complex and the Kutch Solar Farm together. "Two hundred thousand Indians -- engineers, technicians, operators, construction workers, farmers and entrepreneurs -- whose livelihoods will be built on clean energy," he said.

He said the new energy transition will drive inclusive prosperity. It will create jobs, reduce import dependence, boost exports, lower energy costs for every Indian home and every Indian factory, and fulfill its obligation to save the plant from the climate crisis, Ambani said.

"The world built its old energy on Middle Eastern oil. The world will now build its new energy on Indian sunshine," Ambani added.

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