Ambani’s Reliance Industries To Benefit From The New Energy Biz
The new energy business spanning from solar to hydrogen may nearly earn USD 10-15 billion for Reliance Industries by 2023. As per sources, Sanford C Bernstein said that the ambani-owned business represents a new growth pillar for Reliance with $2 trillion in investment in India through 2050.
India is targeting solar capacity of 280GW and 5 million tonnes of green H2 production by 2030. Reliance had set its target to become a net zero carbon emission company by 2035 earlier than any other energy company. “By 2030, we estimate Reliance could capture 60 per cent, 30 per cent and 20 per cent of solar, battery and hydrogen TAM respectively,” Bernstein said.
Read More At: The Times of India