Reliance may earn $10-15 bn revenue from new energy biz by 2030: Bernstein

Reliance Industries Ltd (RIL) may by 2030 earn $10-15 billion from its new energy business but will need acquisitions or partnerships to make up for limited expertise in technology, said a report by Sanford C Bernstein on Tuesday.

“By 2030, we estimate RIL could capture 60 per cent, 30 percent and 20 per cent of solar, battery and hydrogen target market respectively.

RIL plans to have 100GW of installed solar capacity by 2030 which is 35 per cent of India’s targeted capacity of 280 GW but represents 50 per cent incremental share,” said the US-based securities firm.