Reliance Industries Ltd (RIL) on Tuesday announced that it has signed a Memorandum of Understanding (MoU) with Brookfield Asset Management to manufacture renewable energy and decarbonization equipment in Australia. “The MoU aims to both accelerate and de-risk Australia’s energy transition by enabling it to locally produce clean energy equipment such as PV modules, long duration battery storage and components for wind energy,” RIL said in a statement.
