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Thursday, September 21, 2023

Reliance bets big on solar; to commission first phase of solar photovoltaic module factory by March 2024

Reliance Industries (RIL) is establishing its 20GW solar photovoltaic module manufacturing undertaking in Jamnagar. Informed sources advised ET, the first phase, comprising 5GW, is slated for commissioning by March 2024. The endeavor will proceed in 4 successive 5GW phases. Following the first phase, the capability will likely be incrementally raised to 10GW and ultimately attain the total 20GW by 2026.
An business insider aware of RIL’s technique revealed, “RIL is preparing to commission its 5GW module manufacturing capacity by March 2024 and then scale it up to 10GW and then double it.” However, RIL has not responded to inquiries by ET.
The company’s solar PV and module factory will be based on REC technology. Through its subsidiary Reliance New Energy Solar, RIL secured full ownership of REC Solar, headquartered in Norway, in 2021 for $771 million (Rs 5800 crore).
RIL is concentrating on augmenting the efficiency of its modules, aiming to elevate the Heterojunction Technology (HJT) module efficiency from the present 23% to 26% by 2026. Further enhancements to 28% are being pursued, using innovations like perovskite-tandem cell technology. This information was conveyed in the company’s 2022-23 annual report, which also outlined ambitions to extend the longevity of PV modules from 25 to 50 years.
RIL has signed a supply contract with China-based Suzhou Maxwell Technologies for a high-efficiency production line for HJT cells with a 4.8GW capacity.
RIL’s long-term plan includes establishing 20GW of solar energy generation capacity by 2025, catering to round-the-clock power demands and sporadic energy necessities for green hydrogen production. The company has acquired a 74,750-hectare land parcel on a 40-year lease in Gujarat for its green hydrogen venture.
“Once confirmed at scale, Reliance is ready to double the funding to scale up the manufacturing ecosystem,” affirmed RIL in its annual report. In 2021, the corporate disclosed an funding of Rs 75,000 crore for the event of its new power enterprise.
Major strides are being made in developing the Dhirubhai Ambani Green Energy Giga Complex, sprawling over 5,000 acres in Jamnagar. This facility will facilitate the creation of photovoltaic panels, power storage, inexperienced hydrogen manufacturing, and gas cell techniques. With a goal of attaining 100GW of solar power by 2030, RIL stays dedicated to these aspirations.
Under the Solar Production Linked Incentive (PLI) Scheme, RIL has been granted Integrated Solar Manufacturing rights for a 10GW yearly capability, encompassing PolySilicon, Wafer, Cell, and Module manufacturing. Furthermore, the corporate has secured an ACC (Advanced Chemistry Cell) PLI Scheme for the annual manufacturing of batteries, with a capability of 5GWh.
Additionally, RIL is developing a Giga Factory for Power Electronics, intending to bridge the whole inexperienced power worth chain. This initiative will entail the event and manufacturing of reasonably priced energy electronics and software program techniques, achieved by world collaborations.
In its pursuit of built-in solar PV module capabilities, other than REC, RIL has gained stakes in 4 entities over the previous three years. These embrace a 40% stake in Sterling & Wilson Renewable Energy, a 20% curiosity in Caelux Corporation for advancing perovskite-based solar expertise, a majority stake in SenseHawk, a California-based software program device developer for the solar power sector, and a expertise improvement partnership with Germany’s NexWafe.

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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