Mumbai, Aug 29 (Agency) Reliance will be establishing 20 GW of solar energy generation capacity by 2025, company Chairman Mukesh Ambani announced on Monday. ‘This will be entirely consumed for our captive needs of round-the-clock (RTC) power and intermittent energy for Green Hydrogen. Once proven at scale, we are prepared to double the investment to scale up our manufacturing ecosystem,’ he said while addressing the shareholders at the Annual General Meeting (AGM). The billionaire industrialist also announced new Giga factory for power electronics. ‘One of the key components linking the entire value chain of green energy is affordable and reliable power electronics.
We are building significant capabilities in design and manufacturing of power electronics and software systems, integrating with our capabilities of Telecommunications, Cloud Computing and IoT platform. We will build this through partnerships with leading global players to provide most affordable solutions, meeting global standards of performance, safety, and reliability,’ he said. ‘In addition to solar energy, we are also actively progressing on bio-energy, offshore wind and other non-conventional forms of renewable energy, and will continue to expand our manufacturing ecosystem,’ he said. He said with 19 million standard cubic meters per day of production in ultra-deepwater fields, KG-D6 is contributing 20 per cent of India’s domestic gas production and with the commissioning of the MJ Field by end-2022, KG-D6 will increase its contribution to nearly 30 per cent of India’s gas production. ‘This will help meet India’s growing demand indigenously, leading to import savings of nearly $9 billion/ annum.
Natural gas is a major source of clean and affordable energy for India, particularly in times of significant global energy crisis,’ he said. Stating that Reliance is actively working on bio-energy, he said,’We are one of the largest users of agro-waste as a fuel to meet our captive energy needs, and we aim to build on this further through use of newer and emerging technologies and innovation.’