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Indian Billionaire Mukesh Ambani’s Reliance Industries To Invest $80 Billion In Renewable Energy Push

Yessar Rosendar of Forbes reports that Indian billionaire Mukesh Ambani is planning to significantly invest in decarbonization efforts in India.

The C3 Take
  • 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.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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