Mukesh Ambani’s Reliance Industries will launch its solar photovoltaic modules factory this year, according to a report by Reuters on May 22.
“We are today building three bigger factories…in order to produce clean energy requirements,” Partha P Maitra, President, Strategy and Initiatives at Reliance Industries told Reuters.
India’s Renewable Energy Push
India has been scrambling to meet its clean energy targets after falling short in 2022.
Over the past year, the country has ramped up investments in the sector, but needs to double capacity additions over the next five years to meet its target of 500 GW non-fossil power capacity by 2030, a Global Energy Monitor report showed.
According to a March 2025 report by Mercom India, India added 25.3 gigawatts GW of solar module capacity in 2024, but dependence on imports remained high. Domestic manufacturing is expected to get a boost as companies like Reliance scale up, aligning with the government’s Production Linked Incentive (PLI) scheme.
Reliance aims to eventually scale up module capacity to 20 GW per year Maitra said. Its battery and micro power electronics factory will start next year, he said.
“If it happens we will be the no.2 solar PV producer in the world. We will produce roughly 14% of total solar PV modules outside China,” the executive said.
Initially, the company aimed to start its first solar giga-factory by the end of 2024 as part of a pivot towards green energy.
Addressing the annual shareholders meeting in August 2024, he said the first train of 20GW solar PV (photovoltaic) manufacturing "will commence production" by the end of this year.
It is also targeting industrialising sodium-ion cell production at the MW level in 2025 and the first 50 MWh a year lithium battery cells pilot in 2026.
Reliance, in 2021, announced plans to invest $10 billion over three years to develop a new fuels business based on 100 GW of renewable power capacity by 2030.
The plan involves setting up four giga factories for manufacturing renewable equipment, battery storage, fuel cells and hydrogen at Jamnagar in Gujarat.
(With inputs from PTI.)
