Yessar Rosendar of Forbes reports that Indian billionaire Mukesh Ambani is planning to significantly invest in decarbonization efforts in India.
- Asia’s richest businessman, Mukesh Ambani, will invest $80 billion in green energy projects in the Indian state of Gujarat through his conglomerate Reliance Industries.
- Reliance will invest $67 billion to set up a 100 gigawatt renewable energy power plant and green hydrogen ecosystem development.
- The company will also invest significantly to jump start Gujarat’s renewable energy manufacturing industry.
“Reliance Industries, a conglomerate controlled by Asia’s richest businessman, Mukesh Ambani, has signed an MoU with the government of Gujarat state to invest 5.9 trillion rupees ($80 billion) in green projects, according to a company announcement to the National Stock Exchange of India.”
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