Key Points
Indian billionaire Mukesh Ambani said his Reliance Industries Ltd. will expand into wind power equipment with the help of more established firms to boost the conglomerates suite of clean energy products...
Reliance will partner with global leaders in the renewable technology to offer cost-efficient turbines, Ambani told shareholders Monday at the companys annual general meeting..
The firm is building a carbon-fiber plant in Gujarat to reduce raw-material expenses for blades, he said without naming the partners for the wind project...
Besides wind turbine manufacturing, the oil and gas explorer will also harness its experience of working in deepwater fields to build offshore wind projects, Ambani said.. India has the potential to become a key player in global wind supply chain, with an already existing manufacturing base and relatively lower cost of labor, the Global Wind Energy Council and MEC+ said in a report earlier this week..
