Tata Power Solar becomes second Indian module manufacturer to achieve Tier 1 status

Share

Tata Solar Power has joined Vikram Solar as one of only two Indian Tier 1 module manufacturers, as rated by Bloomberg New Energy Finance (BNEF).

The global tiering system by BNEF is a widely accepted industry evaluation metric, based on the performance, growth and bankability of PV manufacturing companies globally.

Assessed every quarter, BNEF employs a robust set of metrics to ascertain Tier 1 companies’ ability to execute different projects with high efficiency levels while also retaining the trust of various banks.

According to Tata Power Solar, BNEF’s recognition is a reward for the firm’s 27-year history of solar manufacturing. "Our focus on producing high quality modules has carved a niche for ourselves and made us one of the most bankable panel manufacturers in the country and globally," said Tata Power Solar CEO & executive director, Ashish Khanna. "Being rated as a Tier 1 manufacturer is commensurate recognition of our efforts, as multiple banks and investors have great comfort in working with a Tata group company."

Khanna added that Tier 1 recognition is becoming increasingly important in industries prone to being flooded with low cost, low quality products.

Globally, Tata Power Solar has shipped more than 840 MW of modules, and is present in more than 30 countries. Its current manufacturing capacity, according to recent data from Mercom Capital Group, is 300 MW for modules and 180 MW for cells.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Waaree unveils 730 W dual-glass heterojunction solar module

07 October 2024 Waaree has showcased an n-type dual-glass photovoltaic panel with a power conversion efficiency of up to 23.5%.

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.