India’s solar industry makes a huge bet on beating China ...Middle East

Quartz - Economy
India’s solar industry makes a huge bet on beating China
source : Quartz ( Middle East ) () 14
Reliance Industries, the Indian conglomerate with major stakes in everything from oil refining to telecommunications, will invest the equivalent of $10 billion over the next three years in facilities to manufacture clean energy hardware, chairman Mukesh Ambani said on June 24 at the company’s annual general meeting.The investment is aimed at making Reliance a leading global player in the production of solar panels, batteries, “green” hydrogen made from renewable energy that can be used as a low-carbon power source for factories and vehicles, and hydrogen fuel cells. “We are launching our new energy business with the aim of bridging the green energy divide in India and globally,” Ambani said.

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