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The Australia investment will complement giga-factories that Reliance is building at Jamnagar in Gujarat to produce solar cells and modules, energy storage batteries, fuel cells and green hydrogen
Reliance Industries Ltd. on Tuesday said it has signed a pact with Brookfield Asset Management to explore opportunities for setting up factories to manufacture renewable energy and decarbonisation equipment in Australia. Brookfield will work with Reliance to explore avenues of direct capital investment and evaluate setting up operations in Australia to make or assemble renewable energy equipment and supply, the company said in a statement.
Reliance Industries Ltd said it has signed a pact with Brookfield Asset Management to explore opportunities for setting up factories to manufacture renewable energy and decarbonisation equipment in Australia.
(Bloomberg) -- The global race to build domestic factories and sever dependency on overseas suppliers for these critical components is spurring a spending boom, and the biggest beneficiaries so far are arguably the chipmakers.Most Read from BloombergHedging Failure Exposes Private Equity to Interest-Rate SurgeThese Are World’s Most Expensive Cities for High-Class LivingForty Hours of Oxygen Left for Titanic Vessel That’s MissingAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpSingapore’s