Reliance’s new energy business stands on the pillar of the company’s commitment to a greener planet. The company has committed to a Net Carbon Zero Emission goal by 2035 and its new energy proposition is key to achieving this. Reliance is actively investing and partnering to take this forward, and building a scalable and enabling energy ecosystem.

The company’s grand vision of the new energy business is to build one of the world’s leading new energy businesses with the aim of bridging the green energy divide in India and globally.

Reliance has commenced the development of the Dhirubhai Ambani Green Energy Giga Complex (DAGEGC) on 5,000 acres in Jamnagar, which will be among the largest integrated renewable energy manufacturing facilities in the world. This will be first of its kind of ‘quartz-to-module’ facility globally – from quartz, to metallurgical silicon, to polysilicon, to ingots / wafers – and integrate them with cells and modules. Further, Reliance will invest in glass and POE film manufacturing, which will provide supply security, unparalleled cost advantage, and ability to capture chain margins with maximum recycling. It will also set up a new gigafactory for power electronics, as affordable and reliable power electronics and software systems are one of the key components linking the entire green energy value chain.

Reliance has recently completed several key acquisitions and investments to build capabilities in new energy. These include collaborations with Ambri, Faradion and Lithium Werks in the battery technology, NexWafe, REC Solar, Caelux and Sterling & Wilson in different stages of the solar power value chain from making silicon wafers, to PV cells, modules and panels to executing large turnkey contracts.

The new energy business is Reliance’s newest growth engine. It has laid a strong foundation to create a manufacturing ecosystem, which will be fully integrated with secure and self-sufficient supply chains. It will be backed by world-class talent and capabilities, built on the pillars of technological innovation.

In addition to solar energy, Reliance is also actively progressing on bio-energy, offshore wind and other non-conventional forms of renewable energy. In bio-energy, Reliance is one of India’s largest users of agro-waste as a fuel for its captive energy needs. Reliance inaugurated Phase I of its Bio-Energy Technology (BET) Centre at Jamnagar on August 15, 2022, where further bio-energy possibilities are being explored.