Reliance Infrastructure Limited (RInfra) is planning a strategic entry into the renewable energy manufacturing industry by setting up integrated solar and battery manufacturing units.
Under its Integrated Solar Manufacturing initiative, RInfra will set up a facility to boost the production of solar panels and components. Simultaneously, the Integrated Battery Manufacturing unit will focus on developing advanced energy storage solutions for grid applications and electric mobility, an official release said here Tuesday. When contacted the company refused to disclose the investments or locations of these projects.
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The Reliance Group company has already appointed Ivan Saha as Chief Executive Officer (CEO) for Renewable Manufacturing and Mushtaque Hussain as Chief Executive Officer (CEO) of Battery Manufacturing.
Earlier, Reliance Nu Suntech Pvt Ltd, a subsidiary of Reliance Power, has secured a 930 MW solar energy project, with a battery energy storage system (BESS) from the Solar Energy Corporation Of India (SECI) through an e-reverse auction. The project includes a minimum storage capacity of 465 MW/1,860 MWh, charged by solar power. The company is also developing a 1,270 MW of renewable energy projects in Bhutan.