Tata Power’s PV capacity soars to 990 MW in 10 months

The Indian group’s solar portfolio has swelled by roughly 930 MW over the past 10 months, largely on the back of its $1.45 billion acquisition of Welspun Group’s 1.15 GW clean energy business last spring.

Tata Power Solar has increased its module capacity to 400 MW, and cell capacity to 300 MW.

Photo credit: Tata Power

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Tata’s cumulative PV capacity stood at just 60 MW at the end of fiscal 2016, according to an online statement.

Its non-fossil fuel capacity now stands at 3.13 GW, on 1.4 GW of new installations over the past 10 months, including 1.07 GW of wind, up 82% year on year.

Tata claims that it is now “the largest renewable energy company in India,” in line with a recent report by Mercom Capital indicating that the company has become the biggest operator of utility-scale PV in the country, with nearly 10% of the market.

The Mumbai-based power producer wants renewables to account for 35-40% of its total generation portfolio by 2025.

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Much of its PV portfolio gains over the past year have come through acquisitions via its wholly owned Tata Power Renewable Energy (TPREL) subsidiary, which handled the Welspun deal last May.

However, the group also builds projects, with roughly 500 MW of clean energy capacity in various stages development throughout India.

Last October, TPREL announced plans to develop 100 MW of solar in the state of Andhra Pradesh, under a power purchase agreement with Solar Corp of India (SECI).

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