Tata Power Solar has surpassed the 1 GW benchmark for global solar module shipments – the first Indian company to do so.
The firm is the largest such integrated solar company in India, and has been supplying PV modules for more than 27 years. However, as India’s solar boom has kicked into gear, Tata Power Solar’s shipments have soared, with 60% of that 1 GW total shipping over the past five years, the company confirmed.
“The global solar market is witnessing lucrative growth and this milestone is proof that we are a key Indian player in the domestic as well as international market,” said Tata Power Solar CEO and ED Ashish Khanna. “We have always believed that solar manufacturing is a key driver of jobs in the country, and will continue to build our base in manufacturing and provide the promise of brand Tata.”
The Mumbai-headquartered company recently gained Tier-1 module manufacturer status by Bloomberg New Energy Finance (BNEF), and has shipped volumes to the U.S., Canada, Australia and Europe.
Data from Mercom Capital Group revealed that Tata Power Solar has module manufacturing capacity of 300 MW in operation in India, and an additional 180 MW of cell manufacturing capacity.