India's largest private sector company, Reliance Industries Ltd, today signed a Memorandum of Understanding with the government of the state of Gujarat in which it committed invesments of $75billion in green energy projects. These projects include the manufacture electrolysers and setting up of a green hydrogen ecosystem.
"RIL will invest another Rs 60,000 crore in setting up New Energy Manufacturing-Integrated Renewable Manufacturing: 1) Solar PV Module (manufacture of Polysilicon, wafer, cell & module); 2) Electrolyzer; 3) Energy-storage Battery; 4) Fuel Cells," reads a Reliance statement issued today.
The company has asked for 450,000 acres of land in the Kutch region of Gujarat.
Reliance Industries had disclosed its intentions to get into hydrogen in a big way earlier. Last year, it said it would invest Rs 75,000 crore in green-hydrogen. It may also be remembered that a wholly owned subsidiary of Reliance Industries, Reliance New Energy Solar Ltd, had in October last year signed a co-opertion agreement for technology development and manufacture of electrolysers, with Stiesdal A/S of Denmark.
It had then said that it would bring green hydrogen to "millions of Indians".
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