In a bold declaration of India's rising dominance in the global clean energy transition, Anant Ambani, Executive Director of Reliance Industries, announced that the group's New Energy initiatives will generate over 200,000 green jobs across its Jamnagar Giga Complex and Kutch Solar Farm.
"The world built its old energy on Middle Eastern oil," Ambani stated, framing the conglomerate's massive renewable push. "The world will now build its new energy on Indian sunshine."
"From FY27 onward, New Energy will begin contributing meaningfully to Reliance’s financial performance. Commercial revenues from solar modules start rolling in this year. The battery factory commissions this year. And the Samsung C&T agreement is not a promise – it is a signed contract," said Anant Ambani.
India remains dependent on external energy sources for over 70% of its needs, flagged billionaire Mukesh Ambani. This is not only "costly", but it also makes India vulnerable to geopolitical instability, he added. "We consider it our duty to ensure India’s future is never held hostage by energy insecurity."
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Highlighting the massive scale of the group’s clean energy transition, Anant Ambani detailed Reliance’s progress on its mega renewable hubs and giga-factory rollouts:
- The Kutch Renewable Energy Hub: Spanning 550,000 acres, the hub will generate over 40 billion units of green electricity annually, fulfilling approximately 3% of India’s total annual electricity needs.
- Rapid Daily Deployment: Reliance is targeting a peak installation capacity of 55 MW of solar modules and 150 MWh of battery containers per day.
- Massive BESS Scaling: The company has committed to scaling its Battery Energy Storage Systems (BESS) and Cell Giga Factory to an annual capacity of 120 GWh. Once commissioned, it will position Reliance as one of the world's largest manufacturers of Lithium Iron Phosphate (LFP) batteries.
- The Jamnagar Giga Complex: The Dhirubhai Ambani Green Energy Giga Complex, spread over 5,000 acres, has established itself as a deeply integrated clean energy ecosystem, already producing nearly 1 GW of Heterojunction Technology (HJT) modules.
- A First for Indian Tech: Reliance achieved an Approved List of Models and Manufacturers (ALMM) listing for its HJT technology, making it the first company in India to secure this certification for the advanced cell type.
The biggest announcement from the meeting came as Ambani said Jio Platforms' board had approved its draft red herring prospectus (DRHP), with the company set to file the document with market regulator SEBI later today, marking a major step toward the telecom and digital services giant's public listing.
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Renewable energy platform in Kutch
Reliance is also building a large renewable energy platform in Kutch, Gujarat, as India targets 500 GW of non-fossil fuel power generation capacity and 5 million metric tonnes per annum (MMTPA) of green hydrogen production by 2030.
According to the annual report, the Kutch project is designed to eventually supply nearly 10% of India's electricity demand over the next decade.
Solar manufacturing capacity
The conglomerate said FY26 marked a key milestone for its solar manufacturing business, with core production assets commissioned and the first phase becoming operational.
It is ramping up production of heterojunction technology (HJT) solar cells and modules at Jamnagar. Reliance said its initial 200 MWp batch of HJT modules delivered higher energy yields and lower degradation rates than industry benchmarks and received BIS certification with a 720 Wp rating.
The company remains on track to scale solar module manufacturing capacity to 10 GW per year, with plans to double capacity to 20 GW. Facilities for polysilicon, glass, ingots and wafers are being commissioned in phases as Reliance works toward an integrated solar manufacturing value chain.
In Kutch, RIL is developing a 550,000- acre renewable hub. At peak installation, the site will deploy 55 MWp of solar modules and 150 MWh of battery containers daily.
Battery storage factory nears production
Reliance's battery energy storage system (BESS) giga-factory has entered advanced commissioning, according to the annual report.
The company plans to operationalise an initial annual manufacturing capacity of 40 GWh, with a longer-term roadmap to expand capacity to 100 GWh.
Civil construction has been completed, and equipment installation is underway. Production is expected to ramp up through the second half of 2026, focusing on lithium iron phosphate (LFP)-based batteries for utility-scale energy storage and mobility applications.
Green hydrogen and electrolyser plans
RIL is also advancing its green hydrogen ambitions through investments in electrolysers and green fuels.
The company secured exclusive technology licensing rights in India from Nel ASA for alkaline electrolysers, while retaining rights for captive use globally. Work has begun on an electrolyser giga-factory, with commissioning and phased capacity ramp-up planned over the coming quarters.
Reliance said it is targeting 3 MMTPA of green hydrogen equivalent production capacity by 2032 for domestic and international markets.
The company has also signed a long-term green ammonia offtake agreement with Samsung C&T Corporation. Supplies under the 15-year contract are scheduled to begin in the second half of FY2030, according to the annual report.
