Reliance Industries to open Indian PV gigafactory in early 2025

Reliance Industries Ltd (BOM:500325) intends to open its first giga-scale factory for the production of photovoltaic (PV) components by the end of the first quarter of 2025 and scale up the site’s manufacturing capabilities in the following year.

The Indian conglomerate said in its annual report that the first phase of the 20-GW Dhirubhai Ambani Green Energy Giga Manufacturing Complex will kick off operations by the end of the current fiscal year through March 2025. Covering 5,000 acres (2,036 ha), the site in the city of Jamnagar, in the western Indian state of Gujarat, will produce solar modules, cells, wafers, ingots, polysilicon, and glass at a single location.

The PV gigafactory is planned to be gradually expanded in stages to reach 20 GW of capacity through 2026.

In addition to PV manufacturing, Reliance Industries is working to commercialise its sodium ion battery technology by initiating the production of sodium ion cells at a MW-scale level by 2025 and then “rapidly transition to a giga scale.” Its goal is to launch pilot production of 50 MWh of sodium ion battery cells in 2026.

Under a strategy unveiled in 2021, the Indian group has committed to spending USD 10 billion (EUR 9.16bn) over three years to set up a new fuels business that will back its goal to deploy at least 100 GW of renewable energy generation capacity by the end of the decade. The plan envisages the launch of four giga factories in Gujarat to produce equipment for the renewable energy, battery storage, fuel cells and hydrogen sectors.

(USD 1.0 = EUR 0.916)

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