Mukesh Ambani, the wealthiest individual in India and the leader of the country’s most valuable company, Reliance Industries, is actively engaged in the development of the Dhirubhai Ambani Green Energy Giga Complex, an expansive venture covering 5,000 acres in Jamnagar. Ambani has consistently emphasized his vision for sustainable energy sources and his aspiration for India to reap the benefits of this approach. In 2021, Reliance Industries announced a substantial investment of Rs 75,000 crore in the new energy sector, with a commitment to double this investment over the coming years.
The core of these efforts is the Dhirubhai Ambani Green Energy Giga Complex, situated on a vast expanse in Jamnagar. This complex encompasses a solar photovoltaic giga factory geared towards generating solar energy on a significant scale. The company plans to establish a solar photovoltaic giga factory with a total capacity of 20 gigawatts (GW). The initial phase, which is projected to be operational by March 2024, will encompass 5 GW.
According to information presented by The Economic Times, Mukesh Ambani’s solar photovoltaic giga factory will undergo commissioning in four distinct phases, each encompassing 5 GW of capacity. Following the initial 5 GW phase, the capacity will be augmented to 10 GW and eventually elevated to the ambitious target of 20 GW by 2026. The technological foundation of the Jamnagar solar factory will be rooted in REC technology. To fully leverage this technology, Ambani acquired a complete stake in REC Solar, a Norway-based entity, for Rs 5,800 crore in 2021.
Insiders familiar with the matter have revealed to The Economic Times that Reliance Industries is actively preparing to launch its 5 GW module manufacturing capacity by March 2024, with plans to progressively scale up to 10 GW and eventually double the capacity. The overarching objective of Reliance Industries is to establish and enable 100 GW of solar energy by 2030. To fulfill this ambitious goal, the company has collaborated with Suzhou Maxwell Technologies, a Chinese firm, to procure a high-efficiency production line dedicated to heterojunction with intrinsic thin layer (HJT) cells.
