Anil Ambani’s Reliance Eyes Foray into Solar Module Manufacturing

Anil Ambani-led Reliance Power and its subsidiaries have been exploring opportunities in power generation, energy storage, and renewable energy. There are reports that they may venture into solar module manufacturing, with a planned investment of Rs 6,500 crore in Andhra Pradesh. This would be a significant move, given the competitive landscape of the solar manufacturing industry, with over 130 existing players in India. The company would need to sell at least 3-4 GW of modules to recover their investment and compete with other manufacturers. Additionally, the Indian government’s protectionist measures, such as the Approved List of Models and Manufacturers, provide advantages to domestic solar module makers. Mukesh Ambani-led Reliance Group is also pursuing its plans for integrated solar and wind energy manufacturing in Jamnagar, which could further intensify the competition. However, as Reliance Power already has a diversified energy portfolio, including a 5,300-megawatt operating portfolio, a foray into solar module manufacturing could help them expand their presence in the sector.