How is Reliance group planning to go about its green energy plans?
Answer
Answer
It may be recollected that the Mukesh Ambani led Reliance group has launched an ambitious $75 billion plan for green energy, with primary focus on green hydrogen. The hydrogen focus will allow Reliance to bypass India’s wholesale electricity market, which is heavily stressed with SEB involvement. Reliance plans to produce green hydrogen at $1 per KG, which is 60% lower than current costs. Adani group also laid out aggressive green plans.