Mukesh Ambani unveils Rs.75,000 crore in clean energy

Billionaire Mukesh Ambani on Thursday announced a ₹75,000 crore investment in setting up four ‘Giga’ factories to make solar photovoltaic cells, green hydrogen, batteries, and fuel cells over the next three years.

Addressing the company’s annual shareholder meeting, he said Reliance will set up 100GW of solar power generating capacity.

Ambani told, additional 150 billion rupees will be invested in the value chain and other partnerships.

Last year, he had announced a 15-year commitment to become net carbon zero by 2035.

“The age of fossil fuels, which powered economic growth globally for nearly three centuries, cannot continue much longer,” he said.

“In 2016, we launched Jio with the aim of bridging the Digital Divide in India. Now, in 2021, we are launching our new energy business with the aim of bridging the green energy divide in India and globally,” he said.

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