28 Aug 2022
Reliance Industries is expected to not only go big on green energy, but also to become a disruptor in the sector. It is likely to take a page or two out of its Jio strategy. Mukesh Ambani, in the Reliance Industries annual report stated that India will have the world’s most affordable green energy in the coming years.
“Just as India has the world’s most affordable wireless broadband today, we will have the world’s most affordable Green Energy within this decade. And these solutions will then be exported to other countries, helping them contain carbon emissions,” he said, indicating the feat the company pulled off with Jio.Ambani said that RIL will leverage its “world-class execution capability and strong debt-free balance sheet” to improve the economics of the green ecosystem to directly compete with fossil fuels. “However, one cannot operate in just one segment of the Green Energy value chain and hope the cost-efficient ecosystem will come up on its own. Reliance has undertaken to enable the entire Green Energy ecosystem throughout India starting with solar power generation, to production of green hydrogen to its distribution and consumption,” he added.
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