Indian billionaire Mukesh Ambani is going big on green energy.
Summary
- Hong Kong (CNN Business) Indian billionaire Mukesh Ambani is going big on green energy.
- The bulk of that money — about $67.7 billion — will go toward a new power plant and hydrogen system, the company said in a stock exchange filing .
- Reliance plans to make the massive investment over a 10-to-15-year period, and has already begun scouting for land for the 100-gigawatt capacity site.
- The company also plans to create a new manufacturing hub that will be dedicated to the production of solar panels, fuel cell technology and other renewable energy sources.
- The company’s 1 million jobs projection includes both direct and indirect new opportunities in Modi’s home state