Author: PPD Team Date: 28/04/2025
Reliance Industries Limited (RIL) has commissioned its first solar photovoltaic (PV) module manufacturing line at its 5,000-acre site in Jamnagar, Gujarat. Work is progressing on battery storage and hydrogen production facilities.
The initial solar module capacity is 10 GW per year, expandable to 20 GW. A 1 GW heterojunction (HJT) solar module line is operational, with modules rated up to 720 watt-peak.
Reliance is also setting up 30 GWh of battery manufacturing, beginning with a 20 GWh modular capacity. The focus is on lithium iron phosphate (LFP) batteries for utility-scale storage.
These projects are part of RIL’s $10 billion renewable energy plan announced in 2021, targeting net-zero emissions by 2035.
RIL plans to invest Rs 750 billion each in its new energy and petrochemical businesses. Future capital spending will be more measured and linked to revenue growth.
Engineering for the entire solar value chain is complete. Construction and equipment installation are underway. Full commissioning is targeted by end-2025 or early 2026.
Reliance has secured large land parcels in Kutch to generate nearly 150 billion units of solar electricity annually. In Kandla, it is building a green hydrogen ecosystem with Norway’s Nel ASA.
The company expects the new energy business to match oil-to-chemicals (O2C) earnings between FY29 and FY31, eventually contributing over 50 per cent of profit after tax.
Reliance also plans to expand compressed biogas (CBG) operations as part of its clean energy strategy.