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India’s Reliance Industries Searching Land For 100 GW Solar Project

Reliance Industries is looking for land to build a solar power plant with a capacity of 100 gigawatts.

May 11, 2022. By News Bureau

Reliance Industries, which apparently does business in everything from crude oil to broadband, is considering a gigawatt-scale solar power project.

According to media sources, Reliance Industries is looking for land to build a solar power plant with a capacity of 100 gigawatts. By 2030, the corporation plans to have this capacity in place.

About a quarter of this capacity will most likely be used for captive use, with the rest sold to distribution corporations or commercial and industrial customers.

Crude oil refining and petrochemical production account for more than half of Reliance Industries' revenue. The corporation revealed ambitions to make a substantial shift toward renewable energy last year.

It plans to build gigafactories to produce solar panels, electrolyzers, fuel cells, and batteries. In Gujarat, the business is developing a fully integrated solar module manufacturing facility.

This factory will produce polysilicon, wafers, cells, and modules. Under a government program intended at fostering local solar module production, the business is eligible for $3 billion in production-linked subsidies.

Over the previous few months, Reliance Industries has undertaken a number of investments. It paid $771 million for module manufacturer REC Solar Holdings, as well as Faradion, a UK-based sodium-ion battery manufacturer, and a 40% investment in Sterling and Wilson. It has also invested in NexWafe GmbH, a solar wafer manufacturer based in Germany.

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