Reliance Power, a prominent entity in India’s power generation sector and part of the Reliance group headed by Anil Ambani, has announced the establishment of its new renewable energy arm, Reliance NU Energies. This marks a significant step for the company as it looks to position itself at the forefront of the global transition to cleaner and more sustainable energy. The new division will primarily focus on advancing solar, wind, hybrid energy systems, and cutting-edge energy storage solutions. These initiatives are designed to address the growing demand for cost-effective and scalable green energy solutions, a critical need in the context of India’s ambitious decarbonization goals.
The appointments of Mayank Bansal as the Chief Executive Officer and Rakesh Swaroop as the Chief Operating Officer of Reliance NU Energies underscore the company’s commitment to tapping into the expertise of seasoned professionals in the renewable energy sector. Both Bansal and Swaroop come with extensive experience in the energy domain, having previously served at ReNew Power, one of the country’s leading renewable energy firms. Bansal was the Group President of ReNew Power’s India RE Business, and Swaroop held the role of Vice President and Head of the Utility Business at the same company. Their leadership is expected to play a pivotal role in the company’s strategic growth and vision for the future.
Reliance NU Energies aims to leverage innovation and capture emerging opportunities in the renewable energy space. With a focus on providing clean, affordable, and reliable energy solutions, the new division is poised to address the evolving energy needs of both India and the global market. The launch of Reliance NU Energies is aligned with the broader vision of the Reliance group, which is committed to contributing to a sustainable energy future by transitioning from traditional energy sources to cleaner, renewable alternatives.
Reliance Power, which has an installed capacity of 5,300 MW, is already a key player in India’s power generation landscape. The company operates the Sasan Ultra Mega Power Project in Madhya Pradesh, which is the world’s largest integrated thermal power plant with a capacity of 4,000 MW. With the establishment of Reliance NU Energies, the company is looking to broaden its energy portfolio and play an increasingly important role in India’s renewable energy transition. The focus on solar, wind, and advanced storage systems comes at a time when the world is looking for scalable energy solutions to meet the growing demand for clean energy while reducing carbon footprints.
Through this move, Reliance Power aims to position itself not only as a leader in India’s energy sector but also to strengthen its global presence in the renewable energy market. The company’s push towards innovation in renewable energy will play a key role in supporting India’s clean energy transition, ensuring that it remains competitive in the rapidly evolving global energy market. The launch of Reliance NU Energies will help the company tap into the growing demand for sustainable energy solutions, further solidifying its position as a major player in the renewable energy sector.
