RIL’s new energy business revenue set to hit $10 billion mark by 2030: Bernstein
Betting on the potential opportunities in clean energy in India, Bernstein sees the new energy business of Reliance Industries becoming a new pillar of growth, and expects revenue from this vertical to hit $10 billion by 2030.
Clean energy could have a total addressable market (TAM) of $30 billion in 2030, compared to the current size of $10 billion, and by 2050, Bernstein estimates it to reach $200 billion and a cumulative spending of $2 trillion.
By 2030, Bernstein sees potential for RIL to capture 60%, 30% and 20% of the total addressable market in solar, battery and hydrogen segments, respectively.
