Reliance Industries Limited (RIL) will establish and enable at least 100 GW solar energy by 2030 and of this a significant part will come from rooftop solar and decentralised solar installations in villages.  

Recently, the International Energy Agency (IEA) presented a concrete global roadmap for the energy sector to remove all emissions by 2050. The organization's roadmap calls for annual additions of solar photovoltaic to increase global solar capacity from 737 GW in 2020 to about 5,000 GW by the end of 2030.

"We will target to achieve costs that are lowest in the world to ensure affordability of our solar modules. We are highly inspired by the goal set by our Prime Minister Narendra Modi for India to achieve 450 GW of renewable energy capacity by 2030," said Mukesh Ambani, CMD, Reliance Industries Limited. 

"Out of this, I am pleased to announce today that Reliance will establish and enable at least 100 GW of solar energy by 2030. A significant part of this will come from rooftop solar and decentralised solar installations in villages. These will bring enormous benefits and prosperity to rural India," added Ambani.

For delivering renewable energy solutions, Reliance will repurpose their capabilities along with major international organisations to execute and deliver world class solutions to India and across the world. The company is also building two additional divisions - Renewable Energy Project Management & Construction Division and Renewable Energy Project Finance Division to further strengthen the deployment of the renewable energy ecosystem.

The Renewable Energy Project Management & Construction Division will provide gigawatt scale end-to-end solutions for large renewable plants across the world. RIL will enable and partner with thousands of green MSME entrepreneurs, who can deploy kilowatt to megawatt scale solutions in agriculture, industry, residences and transportation.

The Renewable Energy Project Finance Division will provide finance solutions to the stakeholders. The platform will also help in sourcing long-term global capital for these investments at the most attractive terms. The company is planning to seek support from relationship banks and global green funds for this purpose. Simultaneously, the company will also facilitate a platform to provide financing for the entire ecosystem of small businesses and entrepreneurs who invest alongside us. 

"Over a period of time, it will generate millions of new and high-value job opportunities for our youth. With these new initiatives, Reliance will put Gujarat and India on the world solar and hydrogen map," said Ambani.

I envision a future when our country will be transformed from a large Importer of Fossil Energy to a large Exporter of Clean Solar Energy solutions added Ambani.