The company has a solar division which focuses on bringing solar energy solution for remote and rural areas.
Solar power is gaining momentum like never before. Mukesh Ambani, chairman, Reliance Industries said solar power will be at the core of the shift in future source of energy needs – from hydrocarbon to renewable. The company has a solar division which focuses on bringing solar energy solution for remote and rural areas.
Ambani told CNN International in an exclusive interview, “We will transit form hydrocarbon presence which is coal, oil and natural gasBSE -1.58 per cent over the next many decades into a fully renewable, sustainable future and the solar really will be at the heart of it.“
Commenting on the impact on the oil prices in the event of a military strike on Iran, he said, “Today there is enough spare capacity in the system to take care of eventualities.” However, he was full of praise for the US to move towards self-reliance on energy with a “fundamental transformation”.
“There has been a fundamental transformation in the energy scene in the US. For many decades, we have heard that the US will be independent of foreign imports of energy. Realistically, I can now tell you that this is my judgement that this will happen in the next 5 or 7 years. The US has truly found non-conventional energy in shale oil and gas which is really bringing benefit not only to the population in the US, but to across the world,” Ambani said during the interview.
