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Reliance Industries looks at global tie-ups in renewables, says report

Ballard Power could be one of potential collaborators in fuels cells, Saudi Aramco for green ammonia and Siemens Green Energies for carbon capture and storage

Reliance Industries
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Reliance has also acquired a 40 per cent stake in Sterling & Wilson, the solar wing of the Shapoorji Pallonji group.

Surajeet Das Gupta New Delhi
Reliance Industries (RIL) might collaborate with leading global players over fuel cells, carbon capture and storage, and green ammonia as part of its gigantic plans for renewables.
 
Morgan Stanley Asia Pacific Insight, which tracks the group’s foray into renewables, has identified Canada-based Ballard Power as one of its potential collaborators in fuels cells, Saudi Aramco for green ammonia and Siemens Green Energies for carbon capture and storage. It had also identified Norway-based REC as a potential partner in solar energy, for which an announcement has been made by RIL over its 100 per cent acquisition a few days ago.

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First Published: Oct 16 2021 | 6:00 AM IST

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