India’s largest oil refiner bets big on renewables

The firm plans to build four ‘gigafactories’ to mass produce batteries, hydrogen fuel cells, solar panels and hydrogen electrolysers in Jamnagar, in the state of Gujarat. 

Reliance’s Chairman, Mukesh Ambani, told attendees at the firm’s AGM that work on the 2,000 ha green energy complex had already begun. He also said that the industrial conglomerate aims to set up at least 100 GW of solar energy by 2030.

India is presently on track to deliver its target of 450 GW of installed renewable energy by 2030, though it also continues to expand its coal capacity. Reliance remains the country’s largest oil refiner, and Jamnagar is home to the world’s largest oil refinery complex (pictured), covering nearly 31 km2 of land.