World entering a highly disruptive green energy era, says Mukesh Ambani

 

World entering a highly disruptive green energy era, says Mukesh Ambanni

Reliance Jio has received a $2.2 billion fund support from Swedish Export Credit Agency (EKN) to finance equipment for the 5G rollout, according to the report. The company has largely procured telecom gears from Swedish firm Ericsson and Finnish company Nokia to deploy its 5G network. In the report, Ambani said the company’s initiatives in the solar value chain and green hydrogen were progressing well.

“The world is entering a new energy era, which is going to be highly disruptive. The age of fossil fuels, which powered economic growth globally for nearly three centuries, cannot continue much longer,” Ambani was quoted in the firm’s latest annual report for FY23.