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Mukesh Ambani reiterates commitment to green energy, says Giga Complex on track

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Addressing the Internation Climate Summit 2021, Mukesh Ambani said that work was happening at a brisk pace to develop the 5,000-acre Giga Complex

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Reliance Industries (RIL) Chairman Mukesh Ambani, on September 3, reiterated his commitment to take a position Rs 75,000 crore over subsequent three years in green energy initiatives, including the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, because the global energy behemoth shifts its focus from hydrocarbons to renewable power.

Addressing the International Climate Summit 2021, Ambani said that employment was happening at a brisk pace to develop the 5,000-acre Giga Complex, which might be one among the world's largest green energy facilities, which RIL was on target to become a net-zero carbon company by 2035.

At the event, which is on developing India's hydrogen energy ecosystem, Ambani said that the Giga Complex would have four Giga factories to supply solar integrated photovoltaic units, advanced batteries to store energy, electrolysis to supply green hydrogen and a cell plant to convert that hydrogen to green energy.

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"Although the value of green hydrogen energy is currently high, they're expected to fall significantly. New technologies are emerging for storage and transportation of green hydrogen which can cause an extra reduction in costs," Ambani said.

The government is getting to create an enabling green hydrogen ecosystem which can attract investments," he said.

Reliance will found out the renewable capacity of a minimum of 100 GW by 2030 and can work on bringing down the value of green hydrogen to $1/kg within the next decade, Ambani added.