Tata Power Solar doubles solar cells, modules manufacturing to 1.1 GW
POWER & RENEWABLE ENERGY

Tata Power Solar doubles solar cells, modules manufacturing to 1.1 GW

Energy major Tata Power Solar’s Bengaluru unit has doubled its manufacturing capacity of solar cells and modules to 1.1 GW.

Tata Power Solar told the media that the expansion resulted from increased demand that the company witnessed for its solar modules.

Tata Power has expanded its manufacturing capacity of cells from 300 MW to 530 MW with Mono PERC and modules from 400 MW to 580 MW with Mono PERC half cut technology.

This assumes significance given that along with leveraging its growing green energy market to boost manufacturing, India is looking to play a larger role in global supply chains. India has a domestic manufacturing capacity of only 3 GW for solar cells and 15 GW for solar modules.

The PLI scheme for solar PV modules is expected to add 10,000 MW of integrated solar PV manufacturing capacity and bring direct investments of about Rs 17,200 crore. The domestic manufacturing plan for solar equipment has gained traction, with 15 companies considering total investments of around Rs 22,000 crore to develop solar equipment manufacturing facilities in Bengaluru.

Chinese firms dominate the market for solar components. India imported Rs 15,768 crore worth of solar PV cells, panels and modules in 2018-19.

The PLI schemes were first announced last year to create global manufacturing champions in India by removing sectoral bottlenecks and creating economies of scale to create complete ecosystems for components.

In February this year, the government invited global firms to take advantage of the Rs 1.97 lakh crore worth of PLI schemes for 13 market sectors and expand their manufacturing in India.

The PLI scheme for solar PV modules comes in the backdrop of India's decision to impose 40% basic customs duty on solar modules and 25% on solar cells from 1 April 2022, a move that would make imports costlier and encourage local manufacturing. Chinese solar module makers have raised prices by over a fifth since December.

Recently, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved production-linked incentives (PLIs) worth Rs 4,500 crore for solar PV modules.

The Ministry of New and Renewable Energy has also issued an order enforcing a list of approved solar PV models and module manufacturers for government-supported schemes, including projects from where distribution companies procure electricity for supply to their consumers.

Image Source


Also read: Solar installations in India reach 40 GW milestone

Also read: Customs duty on solar imports from April 2022

Energy major Tata Power Solar’s Bengaluru unit has doubled its manufacturing capacity of solar cells and modules to 1.1 GW. Tata Power Solar told the media that the expansion resulted from increased demand that the company witnessed for its solar modules. Tata Power has expanded its manufacturing capacity of cells from 300 MW to 530 MW with Mono PERC and modules from 400 MW to 580 MW with Mono PERC half cut technology. This assumes significance given that along with leveraging its growing green energy market to boost manufacturing, India is looking to play a larger role in global supply chains. India has a domestic manufacturing capacity of only 3 GW for solar cells and 15 GW for solar modules. The PLI scheme for solar PV modules is expected to add 10,000 MW of integrated solar PV manufacturing capacity and bring direct investments of about Rs 17,200 crore. The domestic manufacturing plan for solar equipment has gained traction, with 15 companies considering total investments of around Rs 22,000 crore to develop solar equipment manufacturing facilities in Bengaluru. Chinese firms dominate the market for solar components. India imported Rs 15,768 crore worth of solar PV cells, panels and modules in 2018-19. The PLI schemes were first announced last year to create global manufacturing champions in India by removing sectoral bottlenecks and creating economies of scale to create complete ecosystems for components. In February this year, the government invited global firms to take advantage of the Rs 1.97 lakh crore worth of PLI schemes for 13 market sectors and expand their manufacturing in India. The PLI scheme for solar PV modules comes in the backdrop of India's decision to impose 40% basic customs duty on solar modules and 25% on solar cells from 1 April 2022, a move that would make imports costlier and encourage local manufacturing. Chinese solar module makers have raised prices by over a fifth since December. Recently, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved production-linked incentives (PLIs) worth Rs 4,500 crore for solar PV modules. The Ministry of New and Renewable Energy has also issued an order enforcing a list of approved solar PV models and module manufacturers for government-supported schemes, including projects from where distribution companies procure electricity for supply to their consumers. Image Source Also read: Solar installations in India reach 40 GW milestone Also read: Customs duty on solar imports from April 2022

Next Story
Infrastructure Urban

bauma Conexpo 2024 is the largest edition, with 1,000 exhibitors

India's construction equipment industry is experiencing significant growth, fueled by rapid infrastructure development, expanding mining activities, and increasing urbanisation. bauma Conexpo India will bring together leaders, global players and decision-makers from the international trade fair for construction machinery, building material machines, mining machines and construction vehicles under one roof. The exhibition will host its biannual event at the India Expo Centre, Greater Noida  from 11 to 14 December 2024.In 2023, the exhibition attracted 41,108 participants as well as 601 exh..

Next Story
Infrastructure Transport

Mamnoor Airport to Join Global Aviation Network

The Mamnoor airport in Warangal is gearing up for a transformational milestone that will integrate it into the global aviation network. Once operational, the airport will be capable of accommodating international aircraft such as the Airbus A320 and Boeing B737, widely used by airlines like Air India, Akasa Air, IndiGo, and SpiceJet. The upgrades include a new runway, signal tower, security systems, and other critical infrastructure aligned with DGCA technical and safety standards under the Aircraft Act. Initially, the airport will cater to domestic routes with 100-passenger capacity aircraft,..

Next Story
Building Material

UltraTech Cement's NCD Issuance, Profit Drop

UltraTech Cement Ltd. has approved issuing ?1,000 crore in unsecured redeemable non-convertible debentures (NCDs) through private placement. The NCDs, with a 10-year tenor and an interest rate of 7.22%, will mature on November 24, 2034, and be listed on the National Stock Exchange (NSE). The company’s financial performance in Q2 FY25 revealed a 36% drop in net profit to ?825 crore from ?1,280 crore in the corresponding period last year. Revenue stood at ?15,635 crore, marking a 2% decline year-on-year. Additionally, EBITDA fell by 21% to ?2,019 crore from ?2,550 crore in Q2 FY24, while the o..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000