NEW DELHI: Reliance Industries Ltd is looking at manufacturing renewable energy equipment in Australia under investments of A$20-30 billion (US$ 13.5-20 billion) planned by Brookfield Asset Management and its global investor partners GIC and Temasek to accelerate energy transition in that country.
Brookfield’s MoU with Reliance envisages making investments in manufacturing PV modules, long duration battery storage and wind energy components for the Australian renewables market, de-risking that country’s energy transition with a local supply chain.
Both will also work towards development of skills, knowledge and expertise in Australia’s renewable energy sector, the companies said in a joint statement on Tuesday.
