RIL Earns a Place in the Sun with Global Solar Play
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RIL earns a place in the sun with global solar play 100 GW by 2030 is more than twice the existing Installed Planned Nonetheless, these installations require GREEN IS THE Company Country capacity capacity huge tracts of land which would renewable capacity of any company in the world (GW) 2020 (GW) 2030 increasingly become difficult for solar FUTURE Enel Italy 48.6 120 power generators. JYOTI MUKUL & SHREYA JAI Corporation and Shenhua Group. It Renewable play in the European New Delhi, 25 June operates eight business segments, China Energy Investment China 36.7 NA countries is more wind power coupled including coal, thermal power, new NextEra Energy US 21.5 NA with hydropower and geothermal. Reliance Industries Ltd's (RIL) mega energy, hydropower, transportation, Iberdola Spain 25.0 95 India, like other Asian countries and plan for 100 GW of greenfield solar coal chemicals, environmental Africa, has good potential for solar capacity by 2030 will be more than two technology and industrial finance. The Electricite de France France 13.2 50 power generation due to the radiation times the existing renewable capacity company’s website states that it is the Berkshire Hathway Energy US 10.4 NA level. After the initial push to wind of any company in the world. Italy- world’s largest producer of coal, EDP Portugal 12.2 50 power, India has solar and wind based Enel spa has the world’s largest thermal power, wind power, as well as RWE Germany 9.4 NA installed capacity of about 40 GW, each. renewable power generation capacity coal-to-liquids and coal chemical After adding 46.3 GW of big of 48.6 GW at present. products. Engie France 8.0 80 hydropower generation capacity, the The Enel group, an energy sector Though RIL has not given a break-up NTPC India 1.0 30 total renewable capacity at present is utility operating in around 30 of its investments in solar gear Adani Green Energy India 4.9 25* 141 GW. Given that the country has set a countries, is of course targeting 120 GW manufacturing, actual generation and target of 450 GW of renewables by 2030, Tata Power India 12.8 25 capacity by 2030. Its fully-owned construction, it wants to enter project RIL’s share in that will be 22 per cent. *by 2022; NA: Not available subsidiary Enel Green Power manages management, construction, and even Source: Company websites, presentations, public information In the domestic market, RIL’s 49 GW of the renewable energy financing for renewable energy competitor in the solar business will be portfolio of the group. projects. “Reliance will establish and the Adani group and the Tatas, apart Next in the pecking order is China enable at least 100 GW of solar energy by Chairman and Managing Director owned by it alone. Solar rooftops and from the government-owned NTPC. Energy Investment Corp (China 2030. A significant part of this will come Mukesh Ambani said at the company’s distributed energy systems, however, But their capacity is insignificant Energy) which was established in 2017, from rooftop solar and decentralised annual general meeting, implying that do not give the mega scale that ground- compared to RIL’s ambition. following the merger of China Guodian solar installations in villages,” RIL the entire 100 GW capacity would not be mounted solar installations ensure. Turn to Page 8 > > FROM PAGE 1 ings on the company as investors see it firmly moving towards green energy. The PMC Bank... report, however, said given the The RBI had put the restric- rapid development in technol- tions for the first time on ogy and sharply falling costs, it September 23, 2019, when it foresees tight margins for the was found about two-thirds of company. the bank’s loan book of ~8,000 crore had turned into bad debt due to a fraud perpetrated by Twitter... the bank’s management and real estate firm HDIL. Coupled Prasad said the action was in with other bad loans, the non- “gross violation” of Rule 4(8) of performing assets of the bank the Information Technology stood at nearly ~6,500 crore. (Intermediary Guidelines and Digital Media Ethics Code) More on business-standard.com Rules 2021. He said Twitter “failed to provide me any prior notice before denying me RIL... access to my own account”. A Twitter spokesperson While Tata Power is targeting said: “We can confirm the 25 GW by 2030, Adani Green Honourable Minister’s account wants to reach that number by access was temporarily restrict- next year since it already has ed due to a DMCA notice only, projects in hand. NTPC, which and the referenced Tweet has is currently playing a crucial been withheld. Per our copy- role in the bundling of coal and right policy, we respond to green power, would expand its valid copyright complaints existing installed capacity of 1 sent to us by a copyright owner GW to reach 30 GW by 2030. or their authorised representa- All the three competitors tives.” Meanwhile, the are major thermal power gen- Parliamentary Committee on erators in the country though IT will look at the issue and Tata Power and NTPC have question Twitter India, said already announced that they Shashi Tharoor, Chairman of will not put up fresh coal-based the Parliamentary Standing generation capacity. Committee on Information Ambani on Thursday laid Technology. Prasad added his out global ambitions for RIL’s interviews on Twitter’s non- new energy business. It would compliance with the new IT include building an integrated Rules have not gone down well solar PV module factory, with the platform. It is appar- advanced energy storage bat- ent that my statements calling tery factory, electrolyser facto- out the high-handedness and ry, and fuel cell factory with an arbitrary actions of Twitter, investment of ~60,000 crore particularly sharing the clips of over the next three years. In my interviews to TV channels addition, the company intends and its powerful impact, have to spend another ~15,000 crore clearly ruffled feathers,” he to support ancillary infrastruc- said. The DMCA is a copyright ture for these factories. RIL law, under US regulations, used could benefit from the produc- in case an image, service, or tion linked incentive scheme property copyrighted by some- that the government has rolled one is misused. It is, however, out for PV manufacturing and an accepted standard followed advanced energy storage by website owners and internet plants. According to a report of service providers. HSBC Global Research, the move in the near term is likely Maharashtra... to reduce the overhang of oil- related products on ESG rat- The presence of the Delta Plus .