Discover companies set to benefit from Reliance Industries' massive $18 billion investment in solar and green hydrogen manufacturing. This carefully selected group includes suppliers, equipment makers, and contractors positioned to capitalize on India's renewable energy transformation.
Published on July 2
Reliance's $18 billion investment signals a tipping point for India's renewable sector, creating a wave of opportunities similar to what happened when they disrupted the telecom industry with Jio.
The sheer scale of this project creates predictable, long-term demand for suppliers, technology providers, and construction partners across the entire renewable energy ecosystem.
This isn't just about solar panels – it's about batteries, green hydrogen, and a complete reinvention of India's energy infrastructure that could transform multiple industries.
Reliance's ambitious 5,000-acre green energy complex represents a transformative moment for India's renewable sector. Much like their Jio telecom disruption, this massive investment creates ripple effects across the entire supply chain, opening significant opportunities for companies providing essential materials, technology, and services.
These companies span the entire green energy value chain – from solar glass manufacturers and automation providers to EPC contractors and hydrogen specialists. The scale of Reliance's project establishes predictable, long-term demand for these businesses, creating a tactical growth opportunity aligned with India's energy transition.
Each company in this collection was specifically selected for its direct relationship to Reliance's green energy ambitions. Some are direct technology partners, others supply critical materials, while some benefit from the broader ecosystem growth. All are strategically positioned to capitalize on this industrial expansion.
Market capitalisation breakdown for the stock basket 'Reliance's Green Gigafactories'.
PLUG: $3.69B
FSLR: $24.33B
Get the full story on this Basket. Read our detailed article on its risks and potential.
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Part of Exinity Group 2015, serving over a million customers globally.
Earn 6% AER on uninvested cash with daily interest payments.
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PLUG POWER INC
PLUG
Current Price
$2.26
A global leader in hydrogen fuel cell technology, Plug Power is a potential technology partner or supplier for Reliance's ambitious green hydrogen pla...
A global leader in hydrogen fuel cell technology, Plug Power is a potential technology partner or supplier for Reliance's ambitious green hydrogen plans.
FIRST SOLAR INC
FSLR
Current Price
$206.30
A global leader in solar panel technology, First Solar could engage in technology partnerships and benefits from the worldwide push to scale up solar ...
A global leader in solar panel technology, First Solar could engage in technology partnerships and benefits from the worldwide push to scale up solar manufacturing, which Reliance's move exemplifies.
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On average, analysts expect assets in this group to grow 42.7% over the next year.
1 of 2 assets in this group are rated Buy by professional analysts.
Use the growth calculator to see how much investing in these assets could return over one year, based on aggregated analyst sentiment provided by Refinitive Ltd.
If you invested across these assets:
In 12 months it might be worth:
+42.70%
