To achieve net carbon Zero by 2035, Reliance Industries will develop new energy infrastructure and materials by investing INR 15,000 Crore (about USD 2Bn) by 2024 in independent manufacturers, partnerships, and technology and create new jobs.
Reliance Industries has developed a plan to transition to new energy through a USD10 billion investment and an ambition to enable 100GW of solar energy by 2030. This transition aims to be inclusive and will also include a nearly USD2bn investment in developing a supporting infrastructure of independent manufacturers, partners, and technology tie-ups. This support is also aimed to create thousands of new jobs in the green energy space.
Reliance is also repurposing its engineering, project management, and construction division to execute and deliver world class, renewable energy solutions. In addition, RIL will build a dedicated Renewable Energy Project Management and Construction Division and a dedicated Renewable Energy Project Finance Division to further strengthen the ecosystem by connecting thousands of small and medium entrepreneurs with training, skilling, technology, and finance and help create millions of jobs.
Develop infrastructure and materials through investments in independent manufacturers, partnerships and technology to the tune of INR 15,000 crore (about USD2 bn) by 2024
Transition Engineering, Project Management, & Construction Division to execute renewable energy projects and solutions
Set up a dedicated Renewable Energy Project Management & Construction Division by 2022
Set up a dedicated Renewable Energy Project Finance Division by 2022.