We are a digital company founded in 2022 creating content on latest subjects in trend; be it lifestyle, fashion, entertainment, sports, technology or business.

Get in Touch

RIL Clean Energy Revolution, Pioneering Net Zero and Powering a Sustainable Future

Author Name : Bhavya Bagga     |     Date : 29-06-2023
Blog Image

Reliance Industries Limited (RIL) is committed to being net zero by 2035, which is earlier than any other energy company in the region. To achieve this, RIL is investing Rs 75,000 crore in solar, batteries, fuel cells, and hydrogen. This will create a valuation of USD 36 billion (Rs 2.6 lakh crore), according to a report by business-standard.com.

However, RIL will need to make acquisitions or partnerships to make up for the loss in revenue from its traditional energy businesses. A note from brokerage firm Bernstein highlights clean energy as the new growth pillar for RIL going forward. Bernstein also believes that the new energy business could earn revenue of up to $10-15 billion by 2030.

RIL's foray into the renewable energy business is seen as a strategic move to capture the growing demand for clean energy. India is the third-largest emitter of greenhouse gases in the world, and the government has set a target of achieving 175 gigawatts of renewable energy capacity by 2022. RIL's investment in renewable energy is expected to help India achieve this target.RIL's renewable energy portfolio includes wind, solar, and geothermal energy. The company has also set up an energy storage business to cater to the growing demand for energy storage solutions. The energy storage market in India is expected to grow from 4.9 GW in 2020 to 70 GW by 2026.

RIL is also working on innovative solutions to promote the adoption of electric vehicles in India. The company is developing a charging infrastructure for electric vehicles and is also working on a battery swapping solution to address the range anxiety associated with electric vehicles.The adoption of clean energy is essential to address the global challenge of climate change. The United Nations has set a target of limiting global warming to below 2 degrees Celsius by the end of the century. Achieving this target requires the rapid adoption of renewable energy sources and the phasing out of fossil fuels.


RIL's commitment to being net zero by 2035 and its investment in renewable energy is a step in the right direction. The company's efforts to promote the adoption of clean energy and electric vehicles will help India transition to a low-carbon economy.

In conclusion, RIL's investment in renewable energy is expected to generate a revenue of $10-15 billion by 2030. The company's focus on clean energy and electric vehicles is a strategic move to capture the growing demand for clean energy and promote sustainable development in India. RIL's efforts to be net zero by 2035 will not only help the company reduce its carbon footprint but also contribute to the global effort to tackle climate change.